What is fast payment?

Fast payment is an innovative payment concept of 20 13. Convenient and fast, it is the development trend of future consumption. Its characteristic is "fast".

Express payment means that users only need to provide information such as bank card number, account name and mobile phone number without opening online banking when purchasing goods. After the bank verifies that the mobile phone number is correct, the third party payment sends the mobile phone dynamic password to the user's mobile phone number, and the user can complete the payment by inputting the correct mobile phone dynamic password.

Extended data:

With the continuous development of the financial industry, the third-party fast payment has risen rapidly. For example, we are familiar with payment tools such as Alipay and WeChat, which belong to the category of fast payment.

After the user binds the card, use these mobile payment products. The whole payment process can be completed quickly. As a new payment concept, fast payment plays an important role in people's production or life.

Fast payment is aimed at the demand scenario of micropayment, which simplifies the authorization process (for example, only the real-name authentication of the cardholder's bank card, ID card and mobile phone number is required), and the consumption confirmation is completed in the form of the following SMS verification code.

The traditional withholding service authorization process is troublesome, and there are many restrictions on industry application scenarios (for example, it is only open to real-name industries). Express payment is similar to verification payment, but the difference is that after the card is tied, some bank interfaces will return token, and then use token as payment voucher, without providing card number information, which gives consideration to security and convenience.

References:

Baidu encyclopedia-fast payment