Two ministries and commissions to regulate the payment of online shopping online payment will be lim

Two ministries and commissions to regulate the payment of online shopping online payment will be lim

NetEase finance April 17th hearing financial regulators today confirmed to NetEase finance, commonly known as the No. 10 on the specification of commercial banks and third party payment agency documents have been issued on the 10 day of this month.

today, according to Caixin reported, the CBRC and the central bank has recently jointly issued "No. 10" commonly known as "China CBRC notice" the people’s Bank of China on the strengthening of commercial banks and third party payment agencies business management, attempts to regulate commercial banks and third party payment agencies.

in the third party payment agencies, No. 10 requires the first bank to the customer risk tolerance assessment, to determine the client and the third party payment institutions account related related business types, transaction limits, including limits and single payment date cumulative payment limit. In the application of the customer and through authentication and identification, in the interim period can be adjusted to a single payment limit and the cumulative payment limit. As for the limit is how much, how long the interim period, the bank itself.

10 again reiterated the importance of customer identification. Associated business requirements for the first time, must through the third party payment institutions and banks double identity authentication, previously No. 86 by the third party payment institutions separate authentication the identity of customers, No. 5 requires commercial banks to identify. 10 again stressed that the bank in the use of electronic channels to verify the identity of the customer, the two factors should be used to verify the identity of the customer identification.

in payment responsibility, No. 10 requirements, commercial banks in the signing of a cooperation agreement with the third party payment institutions, requirements of customers through the transfer of large sums of money to strengthen authentication, to ensure that the funds transfer requests issued by the client himself. Large payment, suspicious payment to notify customers in a timely manner. Drawn from the bank account to pay transaction funds, the transaction is terminated, the failure should be drawn back to the original bank account.

in the bank’s view, the main text of the eighteen requirements of Article 10, of which at least ten are in accordance with the payment mechanism in the past did not cooperate with the bank’s irregularities. For example, the eleventh article, commercial banks should clearly require the third party payment institutions shall not be unauthorized to shield the bank’s payment interface and interface. The aforementioned banks reflect, they found that the payment mechanism does not provide customers with a choice of bank card payment interface, or bank card payment gateway in inconspicuous places. "This is the contradiction between the payment institutions to create banks and users".

in strengthening the bank’s internal risk prevention, will require banks and third party payment agency business cooperation under the supervision of operational risk monitoring systems, especially among large, abnormal fund payments to individually monitored. Banks should build secure network channels (VPN channels if a dedicated connection, etc.), the development of secure borders (such as deploying firewalls, DMZ isolation etc.), to prevent cross-border access to third parties.

according to the bank official explained, the so-called cross-border access refers to the payment interface originally only used to pay water.

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