Third-party Payment Regulatory System Legal Research Platform

The third party payment platform is a contract with a bank(usually a number of banks),and has a certain strength and credibility of the security of the third party independent agencies to provide trading support platform.Third party payment platform is the capital of the two parties in the transaction process of the middle platform",is an independent agency to protect the interests of both parties under the supervision of the bank.China’s third party payment platform has developed rapidly in recent years,the volume of transactions has increased exponentially,and the market has become more and more prosperous.The third party payment,however,is also facing many such as financial risk,legal risk and risk in the real world and between banks and conflicts of interest,and to the customer’s rights and interests protection lack of market and legal obstacles,these problems are urgently needed by the perfect regulation system to be solved.And China’s current legal system for the supervision of the third party payment platform has begun to take shape,but there are still imperfections.Supervision of the third party payment platform should establish the principle of efficiency and security.First,the positioning of the third party payment platform is not clear,the legal status of nonfinancial institutions to adapt to the development needs of the current market,it is recommended to relax restrictions,allowing a certain degree of financial innovation.Secondly,the third-party payment platform of user data rights and protection of the right of privacy is still flawed and produced by the user’s transaction information the ferret out data information cannot be violated the privacy of users,the rights and interests also not yet included in the scope of legal protection,also customer reserves tube system still need to be improved.In addition,the third party payment platform technology risk supervision need to establish a responsibility as the pilot of the regulatory system,more emphasis on responsibility allocation.