Legal Issues Of Third Party Payment Supervision

In recent years,Internet technology has achieved rapid development,the third party payment service has become an indispensable part of life,the rapid development of electronic commerce in China in recent years has been reconstructed consumer retail branch network,users of consumer shopping habits have been gradually forming.Nowadays,the development of the third party payment has seen the situation of increasing scale and rapid business growth from the perspective of the whole industry,and its importance is increasingly prominent.However,the experience that can be used for reference by managers in supervision is very limited,and the research of basic theory is not sufficient,and there are many shortcomings in the existing system.Based on a large number of investigations,combined with theoretical analysis and practical experience at home and abroad,this paper provides theoretical support and institutional reference for the long-term development of the third party payment in China.The whole article starts with an overview of the third party payment,studies the conditions and background of its emergence,as well as its development and stages.Finally,it discusses several operation modes and outlines possible legal risks.Then the third party paid the existing regulatory system to do an analysis.The first is the legislation status of foreign countries in Europe and America,the third party payment to do comparative research,extracted from practical experience and theoretical reference,then discusses China's current status of the third party payment regulation,separately from the access mechanism,precipitation funds supervision,analysis of three party anti money laundering supervision,through the above analysis,summed up the current China's third party payment problems of supervision.The third part is the core part of this article,and it is also the point of innovation.It puts forward some suggestions for the improvement of the third party payment supervision system in China.In the market access and exit mechanism of the proposed recommendations,that reduce the third party payment institutions amount of registered capital requirements and reduce capital adequacy requirements;the precipitation funds management system,proposed to clarify the third party payment institutions and users of the legal relationship,and clear the third party payment problem of precipitation funds and the affiliation of fruits;in protecting the interests of consumers,the firstincrease in requirements of Payment institutions to protect the security of transactions in the second responsibility,strengthen the protection of consumer privacy,the requirement to strengthen the consumer's right to know protection;in improving the regulatory measures at the same time,more to realize the control risk protection of competition at the same time,the implementation of limited supervision and regulatory standards.Clear responsibilities of the parties,the establishment of a relatively flexible reserve system,introducing dynamic regulatory measures to enrich,strengthen the The supervision of information security.