China UnionPay non-connected POS terminal over 10.5 million cloud flash payment reconstruction mobile payment system

With the continuous penetration of the Internet and ICT technology into traditional industries, the financial industry is undergoing rapid changes. The integration of smart phones and financial applications has greatly promoted the rapid rise of mobile payment terminals. Without cash and bank cards, it is normal to pay with a wave of mobile phones. It has always been regarded as an important product of China UnionPay and the Bank to fight against the third-party payment scanning code payment business. “Cloud Flash Pay” has been supported by many mobile phone manufacturers and users since its official launch in December last year. UnionPay said that “Cloud Flash Pay” will bring more and more consumers a safe and convenient mobile payment service and an unprecedented experience.

“Cloud Flash Pay” new mobile payment is recognized by users

In recent years, China's bank card industry has developed rapidly. The pace of bank card payment innovation represented by mobile payment, Internet payment and financial IC card is accelerating and the degree of convenience is getting higher and higher. Among them, UnionPay “Cloud Flash Pay” brings consumers an unprecedented experience with safe and convenient “one wave pay”, and has been recognized by more and more user groups and merchants.

It is reported that Cloud Flash Pay is a new brand of UnionPay mobile payment, which can realize offline offline contact payment for mobile devices such as mobile phones, wearable devices and UnionPay chip cards, and also supports remote online payment. Smartphones that support cloud flash payment include iPhone7, iPhone 7 Plus, iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus, iPhone SE, Apple Watch, iPad Pro, iPad Air 2, iPad mini 4 and iPad mini 3, Samsung Galaxy S7, Galaxy S7 edge, Galaxy S6, Galaxy S6 edge, Galaxy S6 edge +, Galaxy Note5, Galaxy A5 (2016), Galaxy A7 (2016), Galaxy A9 (2016), Galaxy A9 High Edition, Galaxy C5, Galaxy C7 Huawei Mate S, Glory V8 (Full Netcom), Glory 8, Xiaomi 5, and some operating systems above 4.4.2, mainstream Android phones that support NFC.

As of the end of the second quarter of 2016, the number of non-connected terminals in the UnionPay network reached 10.506 million units, and overseas markets such as Hong Kong, Macao, Taiwan, South Korea, Singapore, and Australia were also rapidly opening the cloud flash payment acceptance.

According to the relevant person in charge of UnionPay, the new generation of mobile payment “Cloud Flash Pay” is as safe and convenient as other UnionPay card products, and “pay for it” makes the payment more convenient. The first security, through the cloud to download the virtual "cloud flash payment card" to the mobile phone, the real card number is not displayed when the payment, and the transaction information stays in the issuing bank and the UnionPay network, effectively protecting the cardholder's privacy and payment information security; Convenient, the mobile phone is a bank card, and the offline merchants can see the payment machine with the UnionPay cloud flash payment logo everywhere, and the payment can be completed by “swinging” the mobile phone on the payment machine. The third is simple, no need for the network, no need to open the APP, the phone is a 'flash', hear the "beep" sound, the payment is fixed.

Industry experts said that with the development of innovation, vitality, linkage and tolerance, consumers will usher in a more open and intelligent life. As a more convenient, advanced and secure payment method, UnionPay cloud flash payment redefines new mobile payment, reconstructs mobile payment system and captures future financial consumption trends in the current variety of payment methods.

In the view of UnionPay, risk management and control can not be relaxed in all aspects of payment. UnionPay reminds that if the mobile phone device is lost, the cardholder can call the card issuing bank to stop the card, report the loss, and cancel the cancellation. In addition to calling the card issuing bank, the cardholder can also use the mobile phone management software to pay the cloud flash on the device in real time. The card is logged out.

At McDonald's, Carrefour, Renren, Tianhong, Xianlin, Starbucks, Burger King, Pasta King, Keweifang, Costa, Pacific Coffee, Metro, 85°C, Baijia, Baiguoyuan, Watsons, DQ, RT-Mart Use "UnionPay Cloud Flash Payment".

Small amount of visa-free, dense and convenient payment and security

The security and convenience of mobile payment has become a trend. Recently, China UnionPay launched a new service. When a cardholder uses a financial IC card with a “flash payment” function or a mobile device that supports “UnionPay cloud flash payment”, the purchase of less than 300 yuan does not require signature and password input. UnionPay card's small amount of confidential free sign-off fast payment service.

At present, all UnionPay credit cards issued by domestic and foreign card-issuing banks, as well as debit cards issued by 12 national banks (CCB, BOC, Bank of Communications, Postal Store, China Merchants Bank, Pudong Development, Guangfa, Beijing, Ping An, Xingye, Everbright, CITIC) Cloud flash payment and small visa-free business have been supported.

According to the relevant person in charge of China UnionPay, the cardholder only needs to bring the card or mobile device close to the “flash payment” sensing area of ​​the receiving terminal such as the POS machine, and can complete the payment without signing and inputting the password, providing the user with real convenience.

For password-free payment, the cardholder's primary concern is security. It is reported that the transaction limit of the small exemption visa exemption is rated within 300 yuan and within the territory, and the overseas transactions are also in line with the local quota standard. The amount is small and the risk is controllable. At the same time, all small-scale exemption-free merchants will be strictly selected and a daily trading monitoring mechanism for merchants will be established.

China UnionPay said that in addition to the controllable amount and the credibility of the merchants, there is also a complete set of payment procedures, because UnionPay and the commercial banks jointly provide the card-free protection service for small-scale users. If the card is accidentally lost, Immediately report the loss, provide compensation, and provide a payment application to the issuing bank after the loss report. UnionPay will pay the amount of the stolen money spent by the United Bank on the cardholder within 72 hours before the loss of the cardholder. Each cardholder will pay a maximum of 10,000 yuan per year. . In addition, in order to prevent the card from being unrestricted after being lost, in the background, control each card's daily consumption, check the amount of a single transaction and the accumulated transaction amount, suspend the authorization of suspicious transactions, etc., thereby ensuring the cardholder's funds. Safety.

According to reports, the UnionPay chip card for the UnionPay card small-value exemption-free service is more secure than other payment methods. At present, there have been no actual cases in the world where fake card fraud has been caused by the duplicated chip card. And combined with mobile devices such as mobile phones, you can also innovate authentication methods.