The central bank plans to require the Internet payment account real name system

Released an opinion draft for the management of Internet payment services. "No credit card overdraft can be used to recharge the payment account."

Yesterday, the Central Bank issued the "Administrative Measures on Internet Payment Services of Payment Institutions (Draft for Soliciting Opinions)", which proposes that the opening of an Internet payment account requires the implementation of a real name system, which means that Internet payment will formally enter the "real name" era.

In addition, the Central Bank also stipulates that “credit card overdrafts may not be used to recharge the payment account”. The solicitation comment ended on January 13.

No anonymous payment account may be opened. According to the central bank's draft for comment, payment agencies are responsible for the authenticity of customer identity information. When an individual client applies for opening a payment account, the payment institution shall register the client's name, gender, nationality, occupation, address, contact information, and the type, number, and expiration date of the client’s valid identity document, and the client’s name, gender, and The authenticity of the basic identity information such as the type and number of valid identity documents is reviewed. The payment institution must not open an anonymous or pseudonymous payment account for the customer.

This means that the online payment account real name system will be enforced. It is understood that although some Internet payment companies have launched real-name authentication services, they are only self-issued by enterprises for their own business needs, and are not the rigid requirements of the regulatory authorities.

According to reports, Alipay, which accounts for half of the online payment, launched a real-name authentication system from its inception. Users can complete real-name authentication by verifying the bank card or binding a bank card. Only real-name authenticated users can open stores or use normal payment collection functions. Consumers who have not passed real-name authentication can only perform the most common shopping. payment.

Analyst Zhang Meng, an analyst with Analysys International (microblogging), said that in the last year or two, large and medium-sized Internet payment agencies have gradually started to implement real-name systems for newly-added registered accounts, but some Internet-based payments have yet to implement the real-name system.

An Internet payment company person who has received a payment license revealed to reporters that when applying for a third-party payment license last year, the Central Bank proposed that the real-name system for account opening should be implemented from the perspective of anti-money laundering. Since then, the company has implemented the certification of the real-name system for account opening. , but the old stock customers in the end how the Central Bank did not provide, the company is also sending out information to the old customers to suggest the information to be filled, but there is no mandatory requirements.

Stopping credit card recharge Because of the convenient transaction, low cost, and lack of supervision, third-party network payment has gradually developed into a multiple zone of graying behavior such as money laundering and cashing. For example, credit card recharge is one of the loops.

In the 20th draft of this draft, it was clearly stated: "Customers shall not use credit card overdrafts to recharge their payment accounts."

In fact, many netizens often use Internet payment accounts to achieve “transfer” in order to save credit card overdraft and withdrawal fees. For example, Ms. Wang recharges Alipay 500 yuan with a credit card, then transfers it to a debit card through Alipay, and withdraws the cash from the debit card. Ms. Wang can then complete the “credit card cash withdrawal” without paying for the cash withdrawal.

Zhang Meng said that credit cards must not be recharged for payment accounts. This will encourage more real online spending, direct consumption through credit cards, and direct payment of money into merchant accounts.

The Central Bank stipulates that payment institutions can only provide Internet payment services for e-commerce transactions, utility bill payments, credit card repayments, purchase of specific financial products, or other businesses approved by the People's Bank of China. At the same time, payment agencies can only develop special Internet merchants.

In addition, payment agencies should provide customers with a one-year payment information inquiry service for free. When the payment institution adjusts the fees and charges for the Internet payment service, it shall notify the customer 30 days in advance through an effective method. The reporter Su Manli's payment institution should register customer-related information (1) the name, address, business scope, tax registration certificate number, and organization code (except when no taxation certificate or an organization code certificate can be obtained as required);

(2) The name, serial number and expiry date of the license, certificate or document that the client can establish according to law or carry out business or social activities according to law;

(3) The name of the legal representative (responsible person) and the person authorized to handle the business, the type, number, and expiration date of the valid ID.

The payment institution shall check the valid identity card information of the unit and its legal representative (responsible person) and authorized business personnel, and keep a copy or photocopy thereof.

â– Corporate voice "stopping credit card recharge will affect user payment experience"

Some companies report that calling a credit card to recharge will greatly affect the payment experience and bring in many inconveniences.

According to the rules of the Central Bank, customers should recharge the payment account through a linked bank account. Unrelated bank accounts may be recharged for the payment account through a non-associated bank account or the same payment institution prepaid card that is approved by the People's Bank of China for "Online real-name payment account recharge." However, there is a clear limit on the amount of recharge, through non-associated bank accounts or prepaid card recharge by the same payment institution, the cumulative amount of the same customer's monthly recharge shall not exceed 1,000 yuan.

An Internet payment company official said, “Buying large items on the Internet, such as home appliances and air tickets, is a matter of thousands of times. The restriction on the amount of recharge will undoubtedly affect these large-scale shopping and the user experience will decline.” The person said. "The client cannot use credit card overdrafts to recharge the payment account" This is the final execution, meaning that the vast majority of Internet payment companies need to make changes and have a greater impact.

Analyst Zhang Meng, an analyst at Analysys International, also said that the current approach is only to solicit comments, perhaps the official document will change. (Su Manli)

â–  Analyze the implementation of non-easy-fair names It is difficult to find out In fact, the industry believes that real-name system implementation is not easy. "Fill in the fake name and ID number. The payment institution may not be able to detect it. There has been a similar situation in the past." A payment agency person said.

Therefore, the central bank of the Consultation Draft specifically requested that all payment accounts opened by the customer in the same payment institution must be associated with the bank account of the customer. The name of the payment account should be the same as the name of the bank account associated with the customer. The payment institution shall verify the bank account information and customer identity information associated with the payment account through an effective method.

For the total monthly recharge amount of all payment accounts opened by an individual customer to the same payment institution is less than 1,000 yuan, the bank account may not be related. Undisclosed bank account payment accounts can be used for payment, accept transaction refunds, but not for collection.

It is understood that there are currently two ways for payment agencies to verify the true and false names. The first is that the payment account has been linked to a bank account, and the submitted identity information can be matched with the bank card account information. Since the bank card has been opened with a real name account, it is easier to audit. The second is to connect the submitted identity information with the identity information system of the Ministry of Public Security. However, because the public security system needs to collect information to check identity information, it also increases the cost for the enterprise.

In addition, for accounts with large flow of funds, if the individual payment account has a single receipt and payment amount of more than 10,000 yuan, the total monthly payment amount of all payment accounts opened by individual customers exceeds 50,000 yuan or the balance of funds exceeds 5,000 yuan for 10 consecutive days. In addition, the payment institution shall also keep a copy or photocopy of the valid identity certificate of the individual customer. (Su Manli)

â–  Background In the third quarter of last year, the scale of Internet payment exceeded 600 billion. In recent years, the scale of Internet payment services has expanded rapidly and is now in the mainstream of third-party payment. Of the 101 companies that have obtained third-party payment licenses from the Central Bank, nearly half of the companies have obtained Internet payment licenses. According to statistics from Analysys International, in 2010, the scale of Internet payment transactions accounted for 96% of the total third party payment market. Statistics from iResearch (Weibo) show that in the third quarter of last year, the payment volume of Internet payment services in the national payment industry exceeded 600 billion yuan, which does not include the broad offline payment market.

In 2011, the central bank successively issued two batches of third-party payment licenses, and successively issued regulatory rules on commercial prepaid cards and customer backup payments. In 2011, the third-party payment industry was referred to as the “supervisory year”. However, as a leader in the third-party payment sector, regulations on Internet payment regulation have not yet been formally introduced.

According to industry insiders, the central bank's attitude toward Internet payment management measures can be described as cautious. Since the second half of 2010, the central bank has repeatedly called for payment enterprise discussions and supervision methods, and drafted multiple versions of the draft for solicitation. There have been major changes. The formally released public consultation draft is a more "moderate" version.

According to the analysts mentioned above, the cautious attitude of the regulators is due to the fact that Internet payment accounts for a relatively large market share. On the other hand, because the market scale is increasing, the issue of payment security is also becoming increasingly prominent, as opposed to prepaid cards and banks. In other subdivided areas such as card receipts, the issue of Internet payment security is the most complicated. The regulatory policy must try to contain payment risks from the institutional level.

Analyst Zhang Meng, an analyst at Analysys International, said that compared to the previous version, the central bank's draft of the draft issued by the central bank emphasized business compliance, improved operability, and more closely aligned with the status quo of the development of the Internet payment industry.