The Study On Regulatory Legislation Of Internet Third-Party Payment Agencies

Internet third-party payment services provide great convenience to the user in the network of electronic payment process and subject to a wide range of pro-gaze, this result makes mixed Internet third-party payment agencies have access to the market to scramble for profits,with the continuous expansion of business scale, however, the risk also increases. These risks include:First, due to the lack of a reasonable network technology safety standards and result in a lot of Internet third-party payment agencies at the beginning of the establishment of its own great internal network technology security risk;second Internet third-party payment business carry addition to greatly dependent on the Internet, at the same time the banks are closely linked, which often make some financial criminal activities, the use of tools due to the negligence of the management of the banking system greatly external financial risks;third Internet third-party payment agencies require network technology to conduct business and the banking system, but the starting and ending points of its business to provide services to customers, enabling customers to its closest contact, but the huge amount of money so that it can easily lead to misappropriation of client funds in the business running process needs to be retained in the Internet third-party payment agencies, impulses, resulting in client suffered a large external credit risk.The three main categories of risk exists in the Internet third-party payment agencies to face more than the Internet, countries do this introduction of the relevant laws and regulations to prevent, but failed to achieve the desired regulatory effect. The reason mainly lies in the countries more risk regulatory agencies individual risk as the research object, the proposed solutions are often the single response measures. However, the Internet provided by the Internet third-party payment agencies related business in the growing market demand, has been extended to associated followed by the industrial, commercial, administrative and financial departments of the business ecosystem. In this context, this single institution regulatory countermeasures will not only lead to atrophy or deviation from the institutional business, more importantly, is too narrow and its connection to other departments or system generated a huge risk because the regulatory perspective, thereby enabling consumer rights have been infringed, reduce the regulatory efficiency of the regulatory authorities.In view of this situation, it is necessary to consider starting from the system of supervision, macro-guidance and micro-regulation of both the economic concept of rule of law as the legislation guiding ideology, to establish consumer protection for the core of the rights supervision targeting, designed to functional regulatory organization of the regulatory body, the cited promote regulatory approach for regulatory means of regulating regulatory mode. Either through the introduction of this regulatory philosophy and mode of Internet third-party payment agencies comprehensive management and guidance, and internal and external risks can be reduced through cooperation and coordination of relevant departments jointly achieve the micro and macro into account the effect, thereby increasing the efficiency of supervision of regulatory authorities. Internet third-party payment institutions regulatory legislation, both perfect and make up its legal system also optimize and improve its regulatory approach, only respect for the micro and macro aspects of research value, can really complete the regulatory objectives.