'Double 12' is imminent, what weapon do you have for quick payment? Try Industrial Bank's 'Cloud QuickPass'!

'Cloud QuickPass', a mobile payment product of Industrial Bank will debut on December 12, transforming cell phone into a bank card so customers do not need to carry a bank card at consumption, just waving cell phone will be able to achieve 'quick payment'.

'Cloud QuickPass' can realize offline contactless payment for mobile devices and also supports remote online payments. One just needs to have a NFC-enabled mobile phone with Android version 4.4.2 system, a Industrial Bank card, and download the Industrial Bank Mobile Banking client, the function will be opened.

The QuickPass is very easy to use. Compared to code scanning payment, the offline payment is not required to 'unlock the screen, open the App, find the appropriate menu, and show the two-dimensional code to the cashier', just moving the mobile phone with bright screen close to a 'QuickPass' marked POS machine, the payment will be completed once you hear a 'beep'. For online payment, it is 'one key purchase' without re-entering personal ID information; one just needs to input password of binding bank card at the POS machine to complete the transaction. By using the payment token and cloud verification technology, the key verification can be done in real-time with high safety factor, which can effectively prevent payment risks, and provide lost card protection plan for the cardholder.

Uniquely, the Industrial Bank 'Cloud QuickPass' developed a 'small-sum transaction without password input' function for clients. When the amount of consumption at designated merchants is less than 300 yuan, one need not enter a password nor sign the bills at the time of payment. Industrial Bank recently works with McDonald's, Carrefour, Watsons and other well-known businesses to jointly launch the 'Cloud QuickPass' series of discount promotions, in which customers may try the function of 'small-sum transaction without password input' for the first time.

'Our bank's 'Cloud QuickPass' supports Samsung, Xiaomi, Huawei and other popular Android models for the first stage, then, we will continue to expand the scope of application, compatible with more mobile operating system. For this, we have now entered the development and test phase.' Wang Yu, the person in charge of Bank Card and Channel Department of IB indicated.

With the mobile payment in full swing, a cell phone can become a 'bank card' and sports bracelet can become a 'credit card' (this May, IB launched the first domestic wearable mobile payment product). From research and development of mobile banking, Wechat bank, VTM remote banking to mobile (electronic) payment products, what behind such innovation is the strategic 'ambition' of 'intelligentizing' transformation of IB retail banking. The insiders generally believe that such moves of commercial banks as developing mobile (electronic) payment services, actively building consumer scenarios, and innovating mobile phones and other payment products, are not only conducive to O2O financial ecological construction and beneficial to large financial consumers, but also conducive to itself in having more accesses to customers besides the traditional retail outlets, and enhancing market competitiveness.

Industrial Bank Co. Ltd. issued this content on 2015-12-30 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-30 12:03:06 UTC

Original Document: http://www.cib.com.cn/en/About_IB/whatxs_new/20151230.html