The Study Of The Risk Control Of The Third Party Payment Of M Company

From the 21st century, the technique of the Internet has developed so quickly that it is used all around the world and changes people's life thoroughly. The rapid development of e-commerce changes the way for people in consuming and inspiring the development of the third party payment. The third party payment provides a platform for the online deals and protects those deals from risks and promotes the e-commerce growth. With the development of the third party payment industry, the third party payment doesn't only exist in e-commerce. It continues to go into offline payment and even provides different kind of network financial service.With the rapid development of e-commerce, there are more and more third party payment companies. In order to manage these companies, People's Bank of China published' Payment Service Management Approaches for Non-financial Institution'in 2010, requiring these companies to get payment licenses. People's bank of China has given out 270 payment licenses in five times before the end of 2015. At this trend, on the one hand, a lot of non-financial third party payment companies join the huge payment market. On the other hand, those companies try to keep up with the competition and they develop product in a very short time. So the regulatory controls can't fit the requirement of the development of product and all kind of risks expose gradually. According to that, risk management becomes a very important project for the third party payment companies. Established in 2010, M company got the payment license in 2011 which was the first in the Midwest area. This essay combines theory and practice. The author used the M company as the object of study and analyzed the risks it faced.This paper is organized as follows:The first chapter is the introduction of the purpose of the topic and the research background. In the second chapter, the author introduces a lot of national and International articles about the third parly payment and analyzes the research status of this area. In the third chapter, the author introduceds the M company and its problems. The fourth chapter is about all kinds of risks it faces. In the fifth chapter, the author tries to put forward some risk management projects for the company. The last chapter is the conclusion of this paper and talks about the future research in this area.