Research On Legal System Of Risk Supervision For The Third-party Payment

With the popularity of the network and E-commerce development, the third-partypayment has emerged because of the opportunity. The third-party payment provides theresolution of trust and security in E-commerce.In recent years, the third-party payment has been gradually becoming important inthe financial system. However, the third-party payment industry has many risks, such ascredit risk, operational risk, market risk, legal risk, etc.June21,2010, the People’s Bank of China has promulgated “Measures forAdministration of Payment Service the Non-Financial Institutions”. December2010,“the Implementing Regulations” has published. The introduction of “Measures” and its“Implementing Regulations” have paving the way to improve the legal system of thethird-party payment risk supervision.This paper takes risk supervision of the third-party payment as an angle of view,and discusses legal system of the third-party payment risk supervision in China．Thesuggestions will be given to improve by foreign experience and China’s condition．The paper is divided into four parts. The first part introduces the basic principlesof the third-party payment and risk supervision. The second part introduces the legalsystem of the third-party payment risk supervision. The third part introduces the legalsystem of the third-party payment risk supervision of U.S., EU and Asia-Pacific region.The last part introduces the main problems in our legal system of the third-partypayment risk supervision, and gives some good suggestions.