Research On Theriskand Prevention Of The Third Party Payment In China

Internet third-party payment is the product of the rapid development of e-commerce,because of its great convenience,flexibility,functionality and other characteristics,to make up for the shortcomings of traditional payment tools,and gradually become an important payment tool.As a result,many disparate third-party payment agencies enter the market,increasing the difficulty of their regulatory work,increasing the risk of third-party payment network.Therefore,effective regulation of internet third-party payment is particularly important.This paper focuses on the development of third-party payment in China,analyzes the risks existing in third-party payment in China,and puts forward relevant suggestions on risk prevention and control.This paper is mainly divided into three parts to discuss.The first part provides an overview of third party payments and relationships with their principals.Third-party payment is defined as a modern payment method which takes internet as the medium and serves for money payment or fund circulation.It is pointed out that the third party organizations and consumers are in the principal-agent relationship and depend on each other.And through the analysis of the current status of the development of third-party payment and the forecast of the future development,it is pointed out that the main trend of the future development of third-party payment is:the benign development of diversification,increased competitiveness,tightening of license issuance,payment credit enhancement,security risks are avoided.And take this as the entry point to carry out the discussion of the third party payment risk prevention and control.The second part analyzes the main risks existing in the third party payment in China,and points out that although the relevant management policies have been introduced at the national level,the legislation,system construction,supervision,credit construction and risk prevention ability are still not enough,especially in the foresight of relevant policy making,The operational,comprehensive and other aspects of the third party payment institutions are still ineffective in the implementation of supervision,such as the risk of payment,the risk of illegal activities of the network,the risk of credit,the market risk,the financial risk,the liquidity risk,the internal human operation safety risk and so on.The third part mainly aims at the risk pointed out in the second part,and puts forward the corresponding risk prevention and control suggestions.Its recommendations include:strengthen supervision,improve the level of legislation,strengthen joint supervision,support innovation,clear definition;Strengthen the management of reserve funds,improve the mechanism of liability for the theft of reserve funds,and learn from foreign experience,the implementation of extended custody of funds,independent account management;Increase the supervision and punishment of cash,money laundering,network fraud and other illegal activities;Improve the construction of social credit system,achieve credit rating,improve the integrity of enterprises and consumers;To strengthen the legislative protection of consumers,should be embodied in the protection of funds,information protection,after-sales services,etc.;To strengthen the self-discipline and internal management of third-party payment institutions,improve the level of software and hardware facilities,so that China 's third-party payment market has been orderly and healthydevelopment.