Research On Government Supervision Of Third-party Payment Platforms

In recent years,some of the Internet financial development is rapid,the emerging cloud computing network technology,facial screening technology application in financial industry.Financial the high-speed development of science and technology provides a more efficient and convenient for every profession and trade mode,the third-party payment payment,as a new type of network for the vigorous development of the ecommerce market has made a powerful guarantee.On the one hand,the third party payment institutions use the Internet technology to connect multiple port bank,simplify trade both sides of the payment process and improve the credit guarantee,solve the network trading environment of trading is not smooth,as a result of credit problems to improve the speed of money circulation,make the financial activities more convenient.On the other hand,after years of rapid development,third-party payment has not only been used as a means of online payment transactions,but also developed many new business models,involving commercial insurance,fund investment,overseas payment,travel,entertainment and other fields.The amount is increasing year by year.In the third-party payment market rapid development at the same time,all kinds of risk is known.At the institutional level,regulatory system of our country cannot keep up with the development of Internet finance,and the formulation of relevant laws,regulations and institutional norms is lagging behind.Moreover,although my country has formulated a series of management measures to supervise third-party payment institutions,they all belong to the policy level and have not been upgraded to laws and regulations,and there are insufficient supervision depths.At the technical level,third-party payment relies on the Internet,and there are information security risks,operational risks,and system security risks when transferring and paying.In addition,as an emerging financial enterprise,third-party payment institutions lack the ability to prevent and control risks and a series of problems such as market failure cannot be effectively avoided by the industry itself.Under such circumstances,Chinese government departments,especially the People's Bank of China,need to fulfill their regulatory obligations,protect the rights and interests of consumers,and ensure the stable and healthy growth of third-party payment platforms.At home and abroad based on third-party payment regulation content and third-party payment and sorted out the basic concept of government regulation,after systematic analysis of the market failure problems and third-party payment industry itself exists all kinds of risks,emphasizes the necessity of government regulation third-party payment industry.By analyzing the current government's regulatory basis for third-party payment supervision,regulatory bodies,regulatory models and regulatory content,some problems existing in the current state of government supervision are put forward,and foreign regulatory legal system construction and experience in the use of regulatory technology are used as reference for current regulatory problems Put forward a number of suggestions,hoping to provide meagre theoretical support for third-party payment government supervision.