Research On Legal Risk Regulatory System Of Internet Third-Party Payment

Since 2005, Alibaba's CEO Jack Ma put forward the "third party payment" concept. China's third-party payment market is rapidly expanding. Due to the breakthrough of payment bottlenecks, the Chinese e-commerce also went into the high stage of development, profoundly changed the way to shop of Chinese people. Internet third-party payment is the product of financial innovation, there are still many outstanding issues in the system level, so with the development of the process, there are many questions from financial and legal schools. The spread of 2008 global financial crisis triggered us to re-examine the regulation for financial innovation. Objectively speaking, in the past 10 years, the contribution of financial innovation on the economic, social and human progress is enormous. As a typical case of payment innovation, third-party payment is playing an important role as a booster of E-commerce. China surpassed the United States and became the world's largest third-party payment market. Therefore, the development trend of Internet third-party payment in the world, especially in China is inevitable, question of legality can also not be ignored. Under the principle of encouraging innovation, how to break through legal theory bottlenecks of third party payment and create a good social environment for its healthy development, become an important issue.From the point of view of legal risk regulation for third-party payment, combining with China's market current status and the international advanced mode, this paper will provide some suggestions on regulatory system for legal risks.In addition to the introduction and conclusion, the body is divided into five chapters:Chapter I:An overview of the Internet third-party payment. This chapter first defined Internet third-party payment from the perspectives of the concept itself and the mode analysis, which defined the object of this paper.Chapter II:The necessity of legal risk regulation for internet third-party payment. This chapter demonstrated the necessity of regulation of third-party payment from an empirical point of view, through introducing its current development situation. And then through revealing its exposure to legal risk, indicated the necessity of legal risk regulation for internet third-party payment.Chapter III:Theoretical analysis on legal risk of Internet third-party payment. This chapter defined legal attributes of related issues against legal risk mentioned in the second chapter. Author put forward his own views through refuting and arguing mainly on the legal status of Internet third-party payment, the main scope of business and the legal relationship between participation.Chapterâ…£:Comparison research on legal risk regulation system of Internet third-party payment. This chapter mainly introduced two countries and regions (the United States and the European Union) which are relatively mature, involving the regulatory legislation, regulatory institutions, regulatory bodies and the provisions on the key legal issues and so on. Author wants to find a suitable regulatory system of third-party payment market in China from a point of view of comparative law.Chapterâ…¤:Suggestions on Construction of legal risk regulatory system of internet third-party payment in China. This chapter, based on the previous analysis, author proposed some suggestions on subject legal system, Operational risk control system and Collaborative regulatory system.