Third-party Online Payment Regulatory Law

With the development of science and technology, the network technology to become China's social life is important one annulus, at the same time, electronic commerce has been developing rapidly, in order to make the online strangers both to the smooth completion of the transaction, the credit guarantee and capital settlement for the advantage of the third party online payment is born. With the continuous development of the third party online payment, with IRESEACH advisory company statistics in2011the Chinese third party online payment transaction size reached a staggering2203800000000yuan, growth rate of more than100%.at the same time,"the wild growth" ten years of the third party online payment industry will also usher in a large number of regulatory changes, a number of the third party online payment industry regulations promulgated. By the end of2011101third party online payment business is divided into three batches obtain payment business permit, truly realize the industry's "renown".The third party payment enterprises as a new thing, it will face new problems. In the third party online payment process, not only facing technology risk, also facing money-laundering, credit card, introduce risk, reserve management and a series of risk, and since2011the people's Bank issued a "non financial institutions pay services management approach"(hereinafter referred to as the "approach"). a number of regulatory laws and regulations, embodies the regulators for the third party online payment and prudent attitude, but also for its development points to clear direction. But our country third party online payment regulation also has many deficiencies;"approach" and "rules approach" related terms are too broad and vague, on the customer's personal information protection problems.Because the "approach" and other regulations, draft has just come out, so there are few articles on the third party online payment industry this one new change legal regulatory system analysis. But this article is combined with the new regulations, new changes to the third party online payment regulatory issues for the more detailed analysis, and the foreign legislation experience for comparative analysis, point out our country third party online payment regulatory deficiencies, proposed own suggestion. First of all, this article from the financial supervision theories, introduced the financial supervision. Secondly, analysis of the third party online payment of the related concepts, described the third party online payment the recent domestic and international research situation. In third, the third party online payment risks associated with the third party online payment, points out the necessity of supervision. Fourth, introduces the foreign experience of the supervision. Fifth, introduction to China's new current regulatory practice, a detailed analysis of the recent regulations and the draft. Sixth, through the above analysis pointed out our country at present about the third party online payment regulatory deficiencies. The last of China's third party online payment regulation offered constructive opinion.