What is Express Payment? When does Express Payments come into play? Is Express Payment safe?
What is Express Payment?
There is no doubt that the characteristic of fast payment is "fast".
Fast payment (kuài jié zhī fù) is an innovative payment concept in 2013. It is convenient and fast. It is the development trend of future consumption and its characteristics are reflected in "fast".
When does Express Payments come into play? is it safe?
When will we use quick payment? Nowadays, cardless payment is actually everywhere, mainly reflected in e-commerce Taobao, Alipay, Douyin, Meituan, Vipshop, Are You Hungry, JD.com, etc. APP. Quick payment user is an online transaction payment method generated by the application of e-commerce. The natural person who owns or opens this payment method is called a quick payment user. Cardless payment means that the payer makes use of the Internet, mobile Internet, wireless LAN and other channels. Yes, no physical card is required to be read through the acceptance device.
As far as Alipay is concerned, it has been working hard to improve user payment experience around 2012. However, traditional payment methods have many limitations, such as online banking must be opened, only IE browser can be used, and the operation steps are cumbersome. This has led to problems such as high user churn rate, low payment success rate (traditional online banking payment success rate is about 65%), and easy phishing. There are more and more payment scenarios, such as mobile payment, telephone payment, TV payment, etc. The system is also becoming more and more complex, such as various operating systems and various browsers. Traditional payment methods are no longer able to adapt to these changes. Therefore, there is a need to launch a new generation of payment products.
This new product needs to be launched:
1, can pay across terminals, platforms and browsers. It can support PCs, mobile phones, phones, tablets, TVs and other terminals, and supports IE, chrome, firefox, opera, safari and other browsers;
2. Easy to operate, you only need bank card information, identity information and mobile phone to pay, no need to use U-shield, etc.;
3. There are no large number of page jumps, which reduces the possibility of being phished;
4. There is no threshold for use. As long as you have a bank card, there is no need to open online banking, install online banking controls, or carry a USB shield/password card, etc.;
5. The payment success rate reaches over 93%;
Bank card quick payment refers to a payment method that can complete the transaction by providing bank card number, account name, mobile phone number and other information, and entering the bank verification code. There is no need to open online banking.
How to activate quick payment? For consumers, the popular saying is to bind a bank card.
Card binding is actually an authorization that allows the user to allow the merchant to automatically deduct funds from his account, so card binding is also called a contract, a payment contract signed by the user, the bank, and the merchant.
A bigger concept than fast payment is card-less payment. Compared with bank card payment, fast payment is a type of card-less payment.
Cardless payment means that payment can be completed by entering four elements during the transaction, including: card number, account name, ID number, and mobile phone number. If it is a credit card, you also need to enter the expiration date and CVN. General banking channels also require a signed agreement, depending on the connected bank or payment channel.