The Study On Cooperation For Third-party Payment Companies And Commercial Banks

At present, the e-commerce service is in its boosting period with the blossom ofinternet development. One of the most critical reasons is the development ofthird-party payment. The third-party payment has been well-used as a risingnon-banking financial organization. At the beginning, it was used based on thelarge-scale e-commerce exchange platform which is to cut down the risk of onlinetrading. With continuous development, the third-party payment has been started towork as the middle business of commercial banks, which of course will affect thebenefits of commercial banks. The two parties started to fight to win their bestbenefits. Actually, they are difference organizations based on different operationswith their unique advantages and disadvantages. They should use the complementaryadvantages of each other to make the best out of the market, to get win-wincooperation.The paper is trying to study the start and development of third-party payment,with the business progress and status, as well as the evolving business module ofcommercial banks to find out the impact from third-party payment onto thecommercial banks. Meanwhile, on comparing their competition and cooperation, wefound that the cooperation will help each party at the end. In other words, thethird-payment need the standard platform of commercial banks for furtherdevelopment, while the commercial banks would have economy benefits from theinternet business, that also requires more innovation on internet channel for businessdevelopment. This paper wants to find out the pattern of this cooperation, which willbring better customer experience and increase the income for both parties.