Since entering 2016, the third-party payment industry seems to have entered the cold wave period from the high tide of the booming period to the regulatory level from the central bank. To be honest, this year is not very friendly to the payment and receipt industry. Intensive policy announcements and constant rectifications, penalties, norms, etc. have made people in the industry dizzy, and many colleagues are generally confused about the future. However, in the small series, the world of Dazhi will come from the chaos. According to the laws of the past, such frequent rectification is not necessarily a bad thing.
In addition, the reason why the current situation has emerged is that there are a lot of problems, such as a series of risk-taking events and barbaric developments such as user funds security, financial fraud, and capital precipitation risks. Stop, I am afraid that this wildfire will intensify.
Recently, UnionPay and Tonglian issued a high-priced ticket. This is not the first time that the third-party payment has been rigorous. Before that, three payment companies were canceled to pay the license, and the Zhonghui payment was cancelled. The bank card was only retained. The single license was also stopped by the central bank in 12 provinces and municipalities, and the renewal of the licenses of the first batch of 27 payment institutions was also pending. In August, 13 licenses expired.
Under the increasingly tightened supervision, the third-party payment company's frontier geometry?
Today, Xiao Bian makes the following arrangement for the key events and policies of all payment industries in the first half of 2016. Although many policies have already happened, Xiao Bian believes that there are still many values ​​worthy of joint development by people with lofty ideals. The following content not only has an attitude from the regulatory level but also some current developments.
1. At the two sessions in early March 2016, Wang Jingwu, deputy of the National People's Congress, president of the Guangzhou Branch of the People's Bank of China, and director of the Guangdong Provincial Branch of the State Administration of Foreign Exchange, proposed that the current “Payment and Settlement Measures†was promulgated in 1997 and has been difficult to adapt. The need for economic development is in urgent need of reform. Therefore, in order to meet the regulatory requirements of payment and settlement services, the "Payment and Settlement Regulations" should be expedited.
It is a landmark speech that opened the curtain of reform. The proposals at the two conferences show that the regulatory authorities have begun to plan for the rectification of the payment industry, and arrangements have been made for the analysis of actual problems. The introduction also started here.
2. Shortly after the two sessions were held, that is, on March 17, 2016, the People's Bank of China announced (information on the spot check of bank card receipt business), using Yinfa [2016] No. 77, and released some quite Meaningful text:
“This survey examined a total of 171,845 merchants and identified 49,472 false merchants, accounting for 28.79%. Among them, CITIC Bank Shanghai Branch, Lok Fu Payment Co., Ltd., Hyundai Financial Holdings (Chengdu) Co., Ltd. Changchun, Qingdao Branch, Shanghai Deyi Network Technology Co., Ltd. Anhui Branch, Shenzhen Ruiyin Information Technology Co., Ltd. Hefei, Inner Mongolia, Ningxia Branch, Lakara Payment Co., Ltd. Ningbo Branch and other 9 units of false merchants ratio is higher than 65%, merchant authenticity audit There are serious problems."
3. At 3:30 pm on March 18, 2016, the National Development and Reform Commission and the People's Bank of China jointly issued the Notice on Improving the Pricing Mechanism for Bank Card Credit Card Fees. The new pricing rules for bank card credit card fees have been set. It will be implemented on September 6 this year. The long-standing policy of separation of lending and the unification of rates has finally been settled and officially introduced.
Reduce card issue rate
Debit card does not exceed 0.35%, credit card does not exceed 0.45%, regardless of merchant category
Reduce network service fee rate levels
Reduced to not more than 0.065% of the transaction amount, the card issuance and the acquiring bank each bear half
Adjust the issuer's service fee and network service fee capping control measures
The service fee for a single card issuing bank for debit cards is not more than 13 yuan; the network service fee is not more than 6.5 yuan.
Some merchant rate implementation offers
Non-profit medical institutions will issue card service fees and network service fees in full and on reduction; supermarkets will implement card issuance service fees and network service fee concessions according to the principle of overall stable rate.
Official implementation date: September 6, 2016
PS: Interpretation of the rate reform The POS circle payment network has made a lot of headlines. If you need to know, you can check it in the historical articles in our public number.
4. In April 2016, the action of Yang Ma began to rise frequently.
On April 1, 2016, China Payment and Clearing Association issued the “China Payment and Clearing Association Industry Risk Information Sharing Management Measures (Provisional)â€, requiring access units to provide the business processes of the organization in a true, complete, accurate, timely and effective manner. The risk information collected in the period is maintained in a timely manner.
At the beginning of April, the central bank ordered: the provincial-level people's banks and the provincial public security investigation, industry and commerce and other institutions set up a "significant payment crime crackdown" to start a nationwide inspection of the second Qing company, according to business sources, the two clear company has completed The liquidation and handover work was handed over to the payment company's channel party, and the payment companies also stopped the big merchant clearing mode in order to avoid being caught by the competitors. Nowadays, the so-called channel in the market, most of them do not contain funds. Clearing core business, so the traditional "Second Qing" on the market is going to be a very small number of merchants to conduct secondary settlement. It is not excluded that there is no fear of death. Please continue to be clear and wait for the heroic!
On April 7, the central bank issued the “Measures for Reporting Incentives for Payment and Settlement Violationsâ€
On April 11, the China Payment and Clearing Association issued the “Implementation Measures for Self-discipline Management Evaluation of Non-bank Payment Institutions (Trial)â€. The assessment items for third-party payment institutions include user management, merchant management, fund management, anti-money laundering and anti-terrorism financing. Six major items, such as mobile terminal management and system management.
On April 13th, UnionPay Management Committee released the first batch of un-certified hand-blacklists. Up to now, more than 170 hand-brush brands have been unfortunately included.
On April 14, the central bank issued the "Implementation Plan for Special Remediation of Internet Financial Risks". The State Council organized 14 ministries and commissions to hold a video conference, which will launch a special rectification of the Internet finance field for a period of one year and explicitly during the rectification period. All provinces and cities across the country will suspend registration of enterprises with financial related words in their names and business scope.
On April 15, the central bank issued the "Notice on Matters Related to Credit Card Business", which will take effect on January 1, 2017.
Brief summary:
1. The interest-free period of the credit card is lengthened, and the restriction (the maximum interest-free period of the credit card cannot exceed 60 days) is cancelled. The interest-free period is long, and the bank can set it later.
2. Lift the restriction (the minimum repayment amount of the first month of the credit card shall not be less than 10% of the overdraft balance), the minimum repayment amount may be lower, and the bank shall determine the minimum amount.
3. It is no longer necessary to pay late fees. According to the regulations, it is 5% of the minimum repayment amount. Now the central bank has lifted this restriction. Whether the late payment fee is to be collected or not, it is up to the bank, and the name has been changed to a good "default penalty."
4, no need to pay more than the limit.
5, overdraft interest has become lower, the lowest drop of 30%, before, if you did not pay back after the credit card last repayment period, the bank will charge you five-tenths of a day, and now the central bank no longer stipulates so dead, more 30% space up and down.
6. The cash withdrawal amount of the credit card ATM has been raised to 10,000 yuan per day. The central bank stipulates that the cash withdrawal at the ATM can only take up to 2,000 yuan per day, and now it is relaxed to a maximum of 10,000 yuan. In addition, the money in the credit card is transferred to itself. On the bank card or Alipay, the interest is set by the bank itself, and the central bank is no longer restricted.
On April 18th, the payment agency rating management method was introduced. The method divides the payment institution into ABCDE with a total of 5 categories and 11 levels. The DE-type institutions will be suspended from paying the business until the cancellation of the license, covering three types of institutions: online payment, receipt and prepaid cards. . The classification rating of the payment institution is carried out once a year. On March 1st, the self-assessment results need to be reported to the local people. On May 1st, the local people's bank will report the evaluation results to the central bank for approval.
The assessment of these five categories and 11 levels is based on reserve management, risk control and compliance, customer rights protection, technical safety and system processing capabilities, anti-money laundering obligations, business sustainability, and industry self-discipline. The rules directly assessed as D and E are simple and easy to operate, such as not carrying out business in practice, over 5% of false merchants, verified disputes, complaints, multiple reports, and negative cooperation with industry self-discipline. The remediation test period officially began.
At the end of April, UnionPay's corresponding high-level call was made to fully popularize the non-connected function of the pos terminal and implement the on-site registration process, actively preparing for the subsequent 96 fee reform.
On April 26, the central bank issued a notice on forwarding the "Notice of the General Office of the People's Bank of China on Carrying out Environmental Safety and Standard Composite Spot Checking for Mobile Finance and Financial IC Cards". It is very swearing, but it is a series of real-name systems for subsequent accounts. The super central bank big data system has laid the groundwork. The payment reform led by the state power officially struck.
5. In early May 2016, the China Payment and Clearing Association issued a letter requesting comments on the “Implementation Rules for Reporting Incentives for Payment and Settlement Violationsâ€, which has been implemented. According to industry sources, a large number of people have passed this report. The report website of the formula was reported. In addition, in July 2016, UnionPay and Tonglian were reported by real names, and they were fined 47 million by the mother.
6. On June 7, 2016, the Third Meeting of the China Payments Clearing Association (hereinafter referred to as the Association) Network Payment Application Working Committee (hereinafter referred to as the Working Committee) and the first meeting of the Third Standing Committee were held in Beijing. The meeting reviewed and approved the "Self-regulation Code for Network Payment Services of Non-bank Payment Institutions"
7. On June 13, 2016, the People's Bank of China also issued the "People's Bank of China has also issued an urgent document on bank card risk management notice"
Among them, the bank card security management and risk prevention and control efforts were issued, requiring that the magnetic stripe transaction of the chip magnetic stripe composite card be completely closed from May 1, 2017, and that the commercial banks should adopt the replacement card without changing the number and real-time. Card issuance and other measures to speed up the replacement of the stock magnetic stripe card into a financial IC card.
It is also required that the bank card clearing institution should sign the incoming terminal with the member institution. Technical measures such as uniqueness identification, strengthen the acceptance of the terminal access network management, and strictly prohibit the use of illegally modified acceptance terminals to access the network. For the stock terminal, a regular inspection system should be established, and the terminal sampling inspection work should be continued.
8. On June 17, 2016, the “Rules for Reporting Violation of Regulations†was officially promulgated.
IX. In July 2016, China Payment and Clearing Association issued the “Standard System for Non-Bank Payment Organizationsâ€
IX. On July 25, 2016, the China Payment and Clearing Association officially issued the Notice on Strengthening the Proposal for the Management of Bank Card Sensitive Information Security Management and Protection of Terminal Equipment.
Notice brief:
1. Strengthen the use of internal control management for the payment of sensitive information.
Second, vigorously promote the application of financial IC cards to reduce the risk of magnetic stripe trading.
Third, standardize the acceptance of terminal security management to prevent the conversion of equipment into the network.
Fourth, improve the technical level of payment sensitive information security protection.
5. Effectively improve the strength of identity authentication during business opening and transaction.
Sixth, increase the standard management of special merchants.
VII. Standardized outsourcing service management.
Eighth, strengthen customer bank card payment security education work
9. All participants in the industry should establish a scientific management concept of sustainable development, adhere to legal compliance management, strive to improve the ethics and professional quality of employees, strengthen professional ethics education for employees, standardize business practices, and consciously maintain market order. Establish a good image of the payment industry.
10. All participants in the industry should consciously accept social supervision.
To be honest, simply and pos circle payment network published in March 2016, an article called "Industry White Paper: The Safety Hazards of Millions of Used POS Cases, Swipe Card Security or Disaster!"
Up to now, a series of rectification storms have made the acquiring industry in a short period of time, and the serious violations such as the Erqing behavior can be said to have been sentenced to death, and other illegal chaos has also been obtained to some extent. Containment, such as the failure to implement the real-name system, the management of outsourcing services is not standardized.
However, for the future, these rectifications have important positive significance for the future mutual gold industry and payment industry. With the further upgrading of the rectification, it is believed that all small institutions in the market that do not have the business capability and innovative spirit will be cleared. The game, and the ones left on the battlefield will be really enough to kill the soldiers on the front line. Now the regulator seems to be releasing some kind of signal, facing the slogan industry of the payment industry, perhaps going through a period of time before taking off. In order to effectively match the future of the Internet financial industry in China, as the basis of mutual gold, the importance of payment does not need to be mentioned, but its safety and reliability also play an important part. After all, only the thicker and more stable foundation can be built. The taller and stronger the building.
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