On The Protection Of Consumers' Rights And Interests In Third-party Payment Relations

Payment is the most widely used financial activity while with the longest history,which is to say that payment methods and payment modes are acting important roles in the development process of economy.In current period of global informationization,as a type of ancient economic activity,payment must also be faced with dramatic changes,accompanied with technological innovations of the current Internet age.The third-party payment platform is one of the manifestation patterns.Due to the fast developing Internet technology,this payment mode is penetrating into every corner of our civil society,satisfying varieties of payment needs in our daily life in a completely new style.At the same time,payment platforms are also changing the future direction of payment,relying on their own advantages.Although over ten years have passed since the appearance of third-party payment platforms,due to the characteristics of their self-built transaction modes,attributes of Internet platform that they rely on,and influential motivations in the development process,third-party payment platforms are still facing multiple risks and potential dangers concerning problems like consumer’s interest protections,for example,infringement of the right to know and property-they may harm consumer’s interest and may result in significant economic losses.Although in recent years,Chinese government has issued regulatory documents in order to strengthen supervision on these electronic payment mode,standardizing aspects on the market entry and operation management,aimed at avoiding risks for consumer.However,from the perspective of current institutions based on,there still exists considerable space remaining to be filled in,besides,several problems need to be solved in the current regulatory modes.Therefore,this article is established on the situation that current third-party payment platforms are developing quickly while are not standardized yet,starting from the lack of reasons on consumer’s interest protection,deeply analyzing the operation mode and legal relationships of the subjective involved in the third-party payment platforms.Then,on the basis of analysis above,analyze by category on the risks in the consumer’s interest protection,classify risk types in the process of the third-party payment platforms as problem of privacy right,right to know,independent choice,right to obtain relief,rights of privacy.Afterwards,crucial reasons of each type of problem are confirmed respectively.Based on reasons confirmed,design corresponding institutions,hoping to provide thoughtful protection on consumer interests,in case of being harmed...