Research On SXF Company’s Risk Management Of Bank Card Acquiring Business

In recent years, with the continuous growth of the scale of the Chinese bank card especially the credit card, the bank card acquiring environment has become more and more mature. As the most widely used instruments of non-cash payment in China, the demand of paying by card are increasing. According to the statistics of the people’s Bank of China, by the end of 2014, the networking business merchants of interbank payment system were a total of 12,034,000 households, the networking POS machines were a total of 15,935,000, the ATM machines were a total of 614,900.Compared with the previous year, this statistics had increased 4,399,300,5,302,900 and 94,900 respectively. In the year of 2014, the total amount of bank card transactions were 59,573,000,000 pen, an increase of 25.16%, accelerating 2.85 percentage points; The total amount of the transactions were 4,499,000 CNY, an increase of 6.27%, and the growth rate slowed down 16.01 percentage points. The daily average bank card transactions were 163,214,900 pen, and the daily transactions amount were 1232,609,000,000 CNY. However, with the rapid development of the bank card acquiring business, it also exposed many risks, such as merchant cashier training does not reach the designated position, ignoring the cardholder’s signature check, This will bring the risk of cardholders card stolen brush; Unscrupulous merchants and cardholders with credit card cash, will lead to regulatory penalties; Bad merchants trading prepaid card, will bring the malicious bankruptcy risk and so on. These risks are needed urgently to solve for the acquiring institution.This article is divided into six chapters. First, the article take the bank card acquiring as the breakthrough point, elaborated the basic theory of bank card acceptance of risk management; then, combed the risk status and existing problems of SXF company about its bank card acquiring business; Finally, made related suggestions and measures to the existing problems of SXF company from the perspective of risk management and control according to the sequence of risk.Through the research of this paper, on the one hand, I hope SXF company could improve the level of risk management in bank card acquiring business and could improve the ability of market competition by Optimization in risk management of third bank card acquiring; on the other hand, I hope I could make contributions to our country’s theoretical research of risk management of third bank card acquiring business.