S Third-party Payment Company Payment Risk Control System Construction Research

The third party payment is a new way of payment,which is accompanied by the development of China's Internet economy.The onset is represented by the Alipay E-commerce business model and the WeChat payment social network model which use the account to pay by the terminal like PC or smart cellphone to consume products or services.Meanwhile,with the popularity of smart phones and the development of mobile Internet,mobile payment is becoming the mainstream payment style.Mobile phone payment brings convenience to the users and payment service providers which also brings the corresponding risks including stolen-card risk,stolen-user risk and fraud risk.S company is one of the more than 200 Chinese payment companies who have paid the license of the third party payment company.The company relies on the parent company's courier and constantly expands to new third party payment scenarios.For the third-party payment companies,it is their responsibility to provide customers with safe and reliable payment service,which is not only related to their own interests,but also the protection of their reputation.Therefore,the third-party payment company would focus and pay attention to the security of their business.Firstly,in this paper,we will use literature research method to explore the mainstream views of the domestic and foreign literature research and to analyze the point which the experts and scholars focus in order to provide the theoretical basis for this article.Secondly,we will review the existing literature on the basis of the research on the theory of payment risk control,to explore the inevitable trend of the third party payment and its main risks.At the same time,this paper introduces the payment risk control mode of the third party payment companies from the macro leveland the payment risk control system.Furthermore,we will analysis the current payment risk control situation of S company,including the background and the development of S Payment Company produced by the development of payment services,as well as the main risk and payment risk for these risk control system construction.Then,with the description of the literature,the theoretical supplement and the description of the company's risk control system,we will state the current situation of S companies'payment risk control in a multi-dimensional and comprehensive way.We would introduce that how S company identify and control its payment risk in advance,intermediate and afterwards stages including the advance risk prevention and control system construction,ex ante risk identification system,such as customer risk rating system,access system,ex ante risk analysis and assessment.In the end,something more will be elaborated by us,such as strengthening safety awareness,optimizing the payment process,controlling the amount,strengthening system security,to ensure the payment of environmental safety measures.In furthermore,we will focus on intermediate risk prevention and control system.The innovation of this paper lie in two points:In theory,we can expand the existing risk control responsibility attribution and risk concept that risk control is embedded in the product design,promotion,operation and management of enterprises in the whole chain.In methods and results,we use a specific payment company as a case study,which could guarantee that we can have the real view showing the application of payment risk control theory into practice.Finally we could acquire a payment risk prevention and control system by S company as a case study.