?UnionPay: it will establish a joint working mechanism with the public security organs to crack down on small amount and double exemption from stealing and brushing. New Beijing News (reporter Mi DI) announced on April 3 that according to the relevant regulations of the regulatory authorities, it is illegal to buy and sell POS machines. China UnionPay will continue to supervise and urge the acquirer to strictly regulate the management of POS machines in accordance with the unified deployment of regulatory agencies. It will also establish a working mechanism with the public security organs to jointly crack down on small amount double exemption from stealing and swiping, strengthen the linkage between the police and the bank, timely inform the information, quickly assist in the investigation of cases, and crack down on gang crimes. Previously, CCTV 3 ? 25 evening party reported that there are still some criminals who use the illegally obtained POS machine to steal money with UnionPay flash payment function. Flash payment is a fast way of financial IC card transaction, which is based on security chip and contactless payment technology. The card surface of the financial IC card with flash function has Chinese "flash" and English "QuickPass" characters or water ripple pattern. When the cardholder uses a financial IC card with flash payment function or a四海印刷图库看图区开 mobile device that supports flash payment to conduct transactions of 2111 yuan or less at a designated domestic merchant, the payment can be completed only by closing the card or mobile device to the "flash payment" sensing area of the POS machine. In the process of payment, the cardholder will not be required to enter a password or sign, which is called small amount password free and signature free service. In the announcement, UnionPay pointed out that according to the statistics of China UnionPay and commercial banks, since the opening of business in 2125, the risk ratio of space theft is two tens of millions, far lower than the average trade fraud rate of 1.16 million.