Risk Control Third-party Payments

Online payment, because of the coverage of the Internet and the development of IT technology, has become a very convenient means of payment. But with the growing popularity of this approach, the problems that the credit system in China is imperfect are gradually exposed. Therefore, the third-party payment platform appears and develops rapidly. On the one hand, the third-party payment platform can meet the needs of online payment, play the role of middleman well. On the other hand, it provides a guarantee for the users’accounts and financial security.This paper uses the method of theory and case analysis and takes Alipay as an example to research the various types of risk in the process of the third-party payment. Then carry on the analysis and put forward the advice of regulatory risk control.The body is divided into four parts.The first section describes the status of the third-party payment, starting from the basic concept of the third-party payment. And then there is a brief introduction of the third-party payment market macroeconomic environment, market size and market segmentation.The second part based on the simple introduction of Alipay and its complete transaction process, selects its business model, business model and technology model as three perspectives to analyze the leader of the domestic third-party payment market. At the same time, it can be regarded as the foundation of the next section.In the third part, Alipay is taken as a research object. Start from various types of cases occurred in the life, then sum some kinds of rick which maybe appear on the third-party payment platform, including credit risk, the illegal business risk, operational risk, financial market risk, precipitation funds risk, legal risk and so on. Some risk may generate not only from the third-party payment platform, but also the entire financial market, buyers and sellers involved in the transaction. Once these risks not control well, it will cause serious consequences, even involving criminal liability.The fourth part first elaborates the third-party payment platform management status, followed by the above part. Then propose risk prevention and supervision suggestions from two aspects, which includes internal control and external management. Institutions themselves need to focus on risk prevention, the security system prevention, the technical level improvement. The entire financial market must clear the supervisor, distinct responsibilities, complete laws and regulations, and jointly supervise internal and external.