A Study On The Supervision Of The Third Party Payment Of Precipitated Funds

Although the third-party payment business started relatively late in China,in the past decade,with the popularization and development of Internet technology and the establishment of the original banking system in China,the third-party payment industry has developed rapidly,and has become an important part of the current payment mode in China,and is in the leading position in the world.Due to the influence of the industry itself and the lag of legislation,the related regulatory issues of third-party payment have gradually emerged.Besides the development of the third-party deposit fund,which has attracted much attention,with the development of a series of new policies and technologies,other problems need to be solved have arisen.In the process of development,due to the impetus of the relevant policies and the imperfection of the system,the third-party payment institutions have more free space.The expansion rate of the thirdparty payment institutions is astonishing.Although the vigorous development of the third-party payment industry has brought about the common progress of many related industries,the Internet industry has also made a qualitative leap in the level of science and technology.People generally benefit,and the huge market has fostered the world's top payment enterprises.But behind the prosperity,we should see the reasons for promoting this prosperity.In addition to the continuous investment of human,material and financial resources in the industry itself to build the cornerstone of success,we should also understand the other negative driving forces such as market management is not standardized,the legal structure is not perfect,and commercial institutions take advantage of people's dangerous practices.Nowadays,under the condition that the relevant mechanism of the Internet platform as the financial infrastructure has been mature,it is more advantageous to promote the industry supervision,in order to realize the centralization,standardization and transparency of the settlement of network payment funds.We will implement the People's Bank of China's "direct connection" and centralized deposit and management of reserve funds to eliminate unfair,irregular and illegal practices in the industry that have existed for a long time.Starting from the research on the development model of third-party payment institutions,the author analyses the importance of their deposited funds and the related management problems derived from them,combines with the latest relevant laws and regulations,analyses the organizational qualities of third-party payment institutions,comprehensively analyses the problems in legislation,implementation and supervision,and qualitatively identifies the attributes of thirdparty payment institutions in China.The low level of legislation and the construction of self-regulatory organizations are interpreted.For other sectors directly related to users' rights and interests,such as the change of risk reserve,the responsibility of depositing funds and the protection of users' information,corresponding suggestions are given in connection with the detailed regulations in Europe and the United States.Finally,the author tries to make a guess about the development of third-party payment in the future,and analyze the problems it may encounter.