Why Do We Need To Pay For The Implementation Of The New Regulation?

In July 1, 2016, the management method of non bank payment institutions' network payment business was formally implemented. Through the fifty-seven chapters of the seven chapters, such as "customer management, business management, supervision and management", detailed provisions were made for the payment of non bank payment institutions.

The most important point is the implementation of the "real name system". If we fail to improve the payment account information, it may affect the normal use of WeChat payment and Alipay.

Why do we need real name system?

The management method of non bank payment institutions' network payment business (hereinafter referred to as the "measures") divides personal payment accounts into three categories, and different payment accounts correspond to different functions. If users do not improve their account information in a timely manner (in brief, they are "real name system"), they will not be able to use the network payment function properly.

If users do not have a real name system, they can also use Alipay happily.

Do you?

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Accounts, if the user does not carry out the real name system, will be restricted when using some important functions.

First, the new Alipay account will be divided into three levels, namely, I, II and III accounts.

Users with low real name can only enjoy 1000 yuan in Alipay lifetime.

In addition, Alipay account should pay attention to whether some functions occupy the balance payment amount.

Second, unable to

Reward and pfer.

Non real name authentication accounts will not be able to receive red packets, rewards and pfers from others, so it is necessary to fill in the identity information before collecting money.

The balance payment function of accounts is that the degree of authentication information needs to be reached to a certain level before it can be used.

For users who pay for WeChat, they will also be restricted when receiving money or payment, such as not using WeChat to collect money, not using small change to send red packets, and limited payment functions.

However, if the information is supplemented in time, these functions can still be used normally.

In addition, the use of Alipay and WeChat from overseas users also needs to meet the requirements of the real name system.

Therefore, users who have not authenticated the real name system still have to pay close attention to Alipay and WeChat payment, submit relevant identity information for verification, so as not to affect subsequent use.

What is the impact of the new rules?

In general, apart from the requirement of real name system, a limited number of users will be restricted. However, as long as the verification of the real name system is carried out, the basic function of the third party payment will remain unimpeded.

However, for the entire payment industry, the role of paying the new regulation is really not small.

First of all, to a certain extent, the real name system can take account of the convenience and safety of the third party payment function.

If there is no real name system, payment and pfer through the third party payment platform will be limited, but to a certain extent, it will also avoid huge losses caused by network fraud.

Secondly, we should guide the third party payment platform to improve information security and risk control mechanism.

For payment users, the biggest risk is the consequence of information leakage, and the implementation of the new regulation will urge the third party platform to further increase user information protection measures.

Again, after all, except for Alipay and WeChat, the third party payment platform is very few now.

By paying the management and regulation of the new regulation, the payment platform will usher in a shuffle.

Finally, the symmetry of user information will have more room to look forward to.

For example, fingerprint identification payment or face recognition payment in the future will have a very high demand for users' personal identity information. Therefore, the current real name system will become a basis, and there may be more new possibilities for the future third party payment.