What does it mean that the bank receives the verification code and pays quickly?

Maybe you are applying for quick payment.

Degree Xiaoman, formerly Baidu Finance. Express payment service: before making payment, you submit your bank card elements (name, ID number and bank card number) and the mobile phone number reserved by the bank to the express payment service, which will be forwarded to the cooperative bank for verification of the bank card elements and mobile phone number, and the cooperative bank will issue the mobile phone dynamic verification code. After all the verification is passed, the express payment service will be launched; After the opening, users can complete the payment only through the transaction verification method provided by Xiaoquankuan when the cooperative merchants form a transaction order with Xiaoquankuan.