Central Bank Rectify And Standardize Third Party Payment Outsourcing Business

On April 9th, after the punishment of 8 third party payment institutions last month, Central Bank [micro-blog] once again to rectify the payment industry. At present, a number of people, including Zhengzhou central sub branch, [micro-blog] branch, are in the pilot to regulate the third party payment outsourcing business, review and rectify the qualification of the POS acquiring agents, and the receiving agents will need to be certified in the future.

Recently, it is reported that the central bank's payment division is coordinating the people's Bank of various provinces and setting up the Management Office of the third party payment institution. After that, the agents in various regions must pay the company's report, and the unreported business will be banned and punished.

From the people close to the central bank, the division did not prepare for the establishment of the third party management office, but intends to further consolidate the outsourcing business of the third party institutions. At present, several branches, such as Zhengzhou central sub branch, are conducting experiments to standardize the qualification and behavior of POS agents.

The so-called outsourcing unit, that is, the qualified third party payment agency, expands the business through channel agency. Popularly speaking, it is through signing with agents, the use of POS business expansion, qualification examination and other powers. What agents do is to sweep the streets in specific areas and sign special merchants.

However, in the fierce competition, the third party payment agency outsourcing business has appeared various problems such as uneven quality of agent system, disorder competition, and weak wind control. Although the "bank card receipts management practices" issued in 2012 has strictly stipulated the business norms, business review and risk control of outsourcing, there are indications that some institutions are looking at the red line as nothing.

According to an insider told reporters, the current problems are mainly concentrated on the following aspects: first, cross border collection. According to the "bank card acquirer business management method" issued by the central bank in 2012, some collection licences are regional, and cross provincial businesses require entities to have offices in the locality. However, there are third party payment institutions that only increase the risk of acquiring foreign businesses through finding the agents of other provinces.

Second, outsourcing is caused by outsourcing. Agent The dilution of profits, especially the last level of agents' profits, may ease the examination of the qualification of merchants.

Third, under the connivance of agents, there are various kinds of business codes such as codes (which should be charged with higher charges for business use of low rate channels), back-end channels for offline businesses to go online (lower rates), and the irregular operation of collecting small businesses under a comprehensive merchant (with lower rates).

A Shanghai third party payment company told reporters that as early as the year ago, the company proposed to the central bank, such as agents for the record and so on. At present, the company is already preparing.

Last month, the central bank issued text No. 79 to the third party payment institutions. From April 1st onwards, 8 new businesses, including remittance world, Yi Bao payment, entourage payment, Fu you, Kai you, Hai Ke Tong, Sheng Fu Tong and Jie Fu Rui Tong, have been stopped nationwide. The reason is that in early years, some cardholders in Zhejiang, Fujian and other provinces were paying large sums of money through credit card transactions. Pre authorization transactions were completed within 115% of the pre authorized amount. They were colluded with some special merchants who supported pre authorized transactions and conspire to acquire additional credit lines of issuing banks.

Special offer Merchant Most of the reviews were done through agents, and the central bank was determined to rectify the situation. It is expected that there will be a larger scale of industry consolidation soon.