The hottest third-party payment opinions will be i

2022-08-08
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Third party payment opinions will be implemented on July 1 next year

on December 28, the central bank issued the "management measures for online payment business of non bank payment institutions". The measures adhere to the bottom line of the real name system of payment accounts, require payment institutions to follow the principle of "knowing your customers", establish and improve the customer identification mechanism, and conduct quota management on accounts with different security authentication levels. On December 28, the central bank issued the measures for the administration of online payment business of non bank payment institutions (hereinafter referred to as the measures). In addition to the classified supervision of the online payment business, the measures set a limit that the cumulative amount of a single day cannot exceed 5000 yuan or 1000 yuan for the balance account with low security level, while the annual cumulative limit of the account with high security level does not exceed 100000 yuan and 200000 yuan respectively (excluding the transfer of the payment account to the customer's bank account with the same name), and the real name system of the payment account has become the killer of increasing the payment limit

the measures put forward clear regulatory requirements for online payment services of Payment institutions, encouraging Payment institutions to implement real name management of payment accounts to prevent market risks, while leaving room for innovation for some innovative payment applications and encouraging innovative development. Compared with the version that was posted to the public for comments from July to August 2015, the "measures" has been revised mainly from two aspects: first, the classification method of personal payment accounts has been optimized and expanded from two categories to three categories; The second is to implement classified supervision on Payment institutions, and formulate differentiated supervision measures according to the classification and evaluation of Payment institutions and the implementation of the real name system of payment accounts

As a supporting system of the guiding opinions on promoting the healthy development of Internet Finance (hereinafter referred to as the Guiding Opinions) issued by ten departments including the people's Bank of China, the measures regulate the network payment business of non bank payment institutions (hereinafter referred to as payment institutions) in accordance with the general requirements for the development of Internet finance to encourage innovation, prevent risks, seek benefits and avoid hazards, and develop healthily, It aims to promote its healthy development. The measures, based on the principle that Internet payment should always adhere to the purpose of serving the development of e-commerce and providing small, fast and convenient payment services for the society, fully consider the innovation and development needs of the payment service market, clearly define the connotation and boundary of the online payment business of Payment institutions, and clarify the regulatory standards and rules, from business and risk management, system and information security, information disclosure and risk warning Systematic institutional arrangements have been made for the protection of customers' rights and interests and laws, and necessary isolation mechanisms have been established for the cross market risks of Internet finance, so as to comprehensively grasp the reasonable balance between convenience and safety at this stage

Shang Yang, business director of Shanghai Rural Commercial Bank and general manager of network finance department, believes that the introduction of the new regulations on the management of non bank payment structure business by the central bank has taken an important step in the current payment field of Internet finance to effectively protect the rights and interests of financial consumers, effectively isolate the cross market risks of financial business, and maintain the stability of financial order. For example, it is required that the payment institution will pay the customer's capital losses caused by biometrics in advance; There are less than two types of verification elements, and the payment institution will unconditionally compensate for less than 1000 yuan

Huang Jia, a network payment expert of the network finance department of Bank of Jiangsu, told China e-bank that the "measures" put forward regulatory requirements for the risk management of Payment institutions from a multidimensional perspective, and in terms of consumer rights and interests protection, it requires that users' right to know and choice be respected, the information security and capital security of Payment institutions be strengthened, and the network payment and capital security of the public be protected to the greatest extent

Lao Guan, a commentator on China's e-banking, said that the fundamental element for the survival of Internet Finance and financial interconnection is accounts. Solving the system of bank accounts and payment accounts, solving the authenticity of customer accounts, solving the problem of capital security in the transaction process, and solving the ecological problem of market-based cooperation and competition of various market players are the decisive factors for the healthy development of the market and the benefits of all parties

payment accounts are divided into three categories, and the payment limits are different.

the measures establish a classified supervision mechanism for payment institutions' online payment business. According to the classification and rating of Payment institutions and the implementation of the real name system of payment accounts, the implementation of differentiated management of Payment institutions, the adoption of incentive and restrictive measures to support the best and limit the bad, and the guidance and promotion of Payment institutions to carry out technological innovation, process innovation and service innovation on the premise of meeting the basic requirements and substantive compliance will effectively improve the flexibility and flexibility of regulatory measures, Further stimulate the motivation of Payment institutions to activate the payment service market

the measures adhere to the bottom line of the real name system of payment accounts, and require the Information Payment institutions of the Chinese Academy of Sciences to follow the principle of knowing your customers, establish and improve the customer identification mechanism, effectively implement the requirements of anti money laundering and anti terrorist financing, and prevent and curb illegal and criminal activities. At the same time, the measures focus on the protection of customers' rights and interests, put forward a series of management regulations in terms of customers' capital security, information security, independent choice, right to know and so on, and require payment institutions to improve customer complaint handling, customer loss compensation and other mechanisms to improve customer service level. For the bank card quick payment business with relatively complex rights and responsibilities, the measures also clarify the relevant requirements such as business authorization, so as to fully protect the legitimate rights and interests of customers while ensuring the convenience of payment

the measures require payment institutions to classify and manage personal accounts according to the appropriate way of customer identity

the measures divides individual payment accounts into three categories, corresponding to identity verification methods, balance payment functions and limits

type I account is the simplest way to verify the identity of customers. It only needs an external channel to verify the identity of customers. Its payment amount is also small, which meets the transaction behavior of small payment generated by the vast majority of customers in the process of online shopping. If there is capital risk, the impact on customers is relatively small

the measures has carried out quota management for accounts with different security authentication levels. For the transaction that the payment institution adopts less than two types of elements for verification, the cumulative amount of all accounts of a single customer per day shall not exceed 1000 yuan, and the payment institution shall promise to unconditionally and fully bear the risk loss compensation of such transaction

the maximum limit of class I and class III accounts with high security level is 100000 yuan and 200000 yuan respectively, excluding the transfer from the payment account to the customer's bank account with the same name

compared with the public exposure draft from July to August, the measures clarify the authentication channels of identity information. The measures points out that in addition to government departments such as public security, social security, civil affairs, housing and construction, transportation, industry and commerce, education, finance and taxation, as well as commercial banks, insurance companies, securities companies, credit agencies, mobile operators, railway companies, airlines, power companies, water companies, gas companies and other units, the customer identity basic information database can support customer identity verification. Payment institutions can carry out technical cooperation with some units according to the group characteristics and actual situation of customers, and use various safe and legal technical means to realize cross verification of customer identity information through multiple channels. In this way, the customer's payment account will be authenticated through multiple channels at the same time, and the space and convenience of the user's online payment limit will be improved qualitatively

after the new regulations, the online payment experience of buyers may not decline but rise.

after the exposure draft from July to August this year was misinterpreted by some media and experts, it triggered controversy among all parties. After the introduction of the measures, dongjunfeng, a columnist of China's e-banking and deputy general manager of the Banking Department of Bank of China, said that the measures had little impact on customers' online payment experience. The reason is that according to the transaction data provided by representative Payment institutions, the number of individual customers who paid less than 5000 with the balance of payment accounts accounted for 80.13% in 2014. Therefore, the daily cumulative limit management in the measures can meet the actual needs of most customers

but from the relevant contents of the measures, we can also see that the reputation and rating of Payment institutions will improve the user experience of online accounts in the future. First, users can choose a more secure payment platform according to the credit rating of Payment institutions; Second, due to the requirements of market regulation, Payment institutions will strive to improve their service level and take the initiative to undertake obligations such as information disclosure in order to take care of the market reputation; Third, the rules of market access and prohibition are clear, the awareness of security risks will become more controllable, and the core interests of users will be more carefully protected

carry out hierarchical management of Payment institutions, strengthen the real name system and information disclosure

the measures take classified supervision measures according to the rating and the proportion of real names in payment accounts of Payment institutions. The details are as follows:

it can be seen from the table that the measures have strict requirements on the real name system of payment accounts for the purpose of preventing market risks, and divide Payment institutions into three categories: A, B and C. The measures also make corresponding requirements in six aspects: the way in which various institutions verify the identity of customers in the process of opening payment accounts, the management method of individual sellers, the transfer function scope of payment accounts, and the insufficient level of security authentication. 1. The one-day transaction limit under the precautions for the use of horizontal pull machines, the verification method of quick payment transactions, and the regulatory requirements for the public disclosure of Payment institutions

Zhuo Yujun, a commentator on China's e-banking, believes that for payment institutions, the result of such differential management is that the operating costs, customer experience and product functions of different institutions will form echelons. This is a competitive arrangement. The better the infrastructure and the higher the proportion of real name account system, the payment institutions will receive more dividends

it is foreseeable that the central bank will carry out a more thorough rating and evaluation of Payment institutions in the future. All Payment institutions will also complete the disclosure of the number and type of customer complaints, the proportion of complaints handled, the speed of complaint handling, risk events, the occurrence of customer risk losses and compensation and other information this year before January 31 next year. These information disclosures may affect the rating conditions of the agency. Since we need to be recognized by the market and regulatory authorities, these basic lessons should be done as soon as possible

the measures have been highly recognized by the industry as a milestone

in addition, the measures of the central bank have also been highly concerned and recognized by the industry. Shang Yang of Shanghai Rural Commercial Bank said that the introduction of the measures marks that the people's Bank of China, as the competent department of China's payment and settlement business, has initially established an institutional management system and regulatory structure covering traditional payment and settlement business and emerging payment means, offline payment and payment, traditional banking institutions and non bank payment institutions. The measures are of great milestone significance in the development and supervision of payment and settlement business in China

Wang Cui, an Internet Finance researcher at the Internet Finance Department of the Bank of Jiangsu, said that since the release of the exposure draft on July 31 this year, various speculations and concerns have arisen one after another in the Internet and the media. The promulgation of the "measures" has eliminated some misunderstandings of the public on the draft for comments. All regulations are carefully worded, reflecting the painstaking efforts of the central bank. While effectively protecting the rights and interests of financial payment customers, they will also be standardized

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