The Study On The Risk Contral Of The Third-Party Payment Platform In China

With the development of e-commerce,the third-party payment platform has been developed rapidly.With the expanding scale of the transaction,it has penetrated all aspects of people's lives.As an intermediary,the third-party payment improves the issues of transaction distrust and financial security in the Internet-based e-commerce transaction process,changing people's lifestyles and spending habits fundamentally.And the regulatory policy on third-party payment platform has been laid down and has been gradually improved.The third-party payment platform is converting from brutal growth to rational and orderly growth with the constraints of the increasingly perfect regulatory policy.But due to the increasingly stringent regulatory policy,the third-party payment platforms get less profit from traditional business.That forces them to seek innovationand breakthrough and to find new profit growth point.At the same time,the large number of institutions,the scattered business,along with active innovation and rapid increasing number of platforms add a lot of uncertain factors to the profit gaining,so that the third-party payment platforms are facing more and more risks,affecting the healthy development of third-party payment platforms.With this background,the research and control to the risk of third-party payment platforms are becoming more and more important.This paper first analyzes the development status of China's third-party payment platform,in order to find out the existing problems.Then,the risks of the third-party payment platform and the harm caused by the platform will be analyzed in detail.The risks mainly include operational risk,compliance risk,credit risk,of which market risk is the main risk the current third-party payment platforms encounter with.In addition,due to the characteristics of the third party payment business itself,we also analyze the legal and information security risks it faces,combined with the detailed analysis on the causes of these risks.We give the explanation mainly from five aspects,namely,the homogeneous problems on platform business,the lack of attention to the risks of the internal platform,the imperfect social credit system,the impact of the lagging regulation and technical problems.At the same time,as China's largest third-party payment platform,Alipay has been in a leading position as to risk control.Therefore,by analyzing Alipay's risk control measures,we aim to seek inspiration in controlling our third-party payment platforms.With the analysis on causes of risks and inspiration from cases of Alipay risk control,we put forward the measures to control the risks of third party payment platform in our country,including mainly two aspects,the platforms and the supervisors.The platforms will be described from aspects of the establishment of the risk control system and the prevention of illegal trade,improvement on the security of network technology,enhancement on staff training and cooperation with others.The supervisors include the perfect legal system,the establishment of a sound personal credit scoring system,post-processing mechanism and the purification of social network environment.