The Development And Effect Of Chinese Modern Payment System

As the kernel of Chinese payment system, the object of Chinese modern payment system is establishing the final financing liquidate system between the commercial banks or between the commercial banks with bank of Chinese people. Meanwhile as the central system of commercial banks electronic payment system, Chinese modern payment system supports financing liquidate efficaciously, and it supports the payment information to the finance supervise. Chinese modern payment is made up of two parts , the national process center(NPC) and the central city process center(CCPC), NPC connect CCPC with computer networks. Chinese modern payment system include four sub-system, huge value payment system(HVPS) and batch payment system(BEPS) account process system(SAPS) payment information manage system(PIMS).The users of Chinese modern payment system is direct users and indirect users. Chinese modern payment system is the base of financing liquidate commercial banks, it would effect the development of commercial banks' business.This paper is made up of five parts. At first it introduces the concept of the payment system, the second chapter is the introduction of the payment system of other counties, such as USA, Australia and HongKong. The third chapter we get to know the development process of Chinese payment system and the influence of the payment system. In the fourth chapter, this paper discusses the opportunity and challenge when commercial banks build the modern payment system. In the fifth chapter, it describes the other problems that met in the building modern payment system and supplies the countermeasures.