Central bank heavy documents! Scan code payment becomes a day! The POS hot sale period is coming!


Scanning code payment has hit the POS industry for more than a year now and finally has to be relieved! From the beginning of 2014, it was supervised and stopped, and Alipay and WeChat later quietly restarted, and then traditional financial institutions joined the battlefield. You have become the usual scan code payment. After free development, it officially ended “streaking” and ushered in a law. The era of regulation that can be followed.

Today, the People's Bank of China issued the "Notice of the People's Bank of China on Printing and Distributing <Bar Code Payment Service Specification (Trial)>" (Yinfa [2017] No. 296), supporting the issuance of the "Barcode Payment Security Technical Specification (Trial)" and "Barcode Payment Acceptance" Terminal Technical Specification (Trial) (issued by Banking [2017] No. 242), implemented from April 1, 2018.

The barcode payment service includes payment scan code and collection scan code. That is to say, whether you scan the bar code of the merchant or the QR code generated by the merchant on your mobile phone, it belongs to the bar code payment service regulated by the central bank.

As with the new rules for network payment that have been implemented, the central bank has set a total of four grades on the limit of scan code payment: 500 yuan, 1,000 yuan, 5,000 yuan, and no limit. The basis for the division is risk prevention. ability.

When talking about whether the business norms of bar code payment will restrict payment innovation, the central bank stressed in its answer to reporters that it is not possible to simply pursue innovation without bottom line, and it is not possible to seize market share by improper competition such as “burning money” and “subsidy”. It is understood that as early as last August, the central bank has instructed the China Payment and Clearing Association to formulate a two-dimensional code payment service specification and solicit opinions from member institutions.

Scan code payment is also limited: static bar code payment up to 500 yuan

How much money you can spend on daily code-based payments depends on the bank or payment agency's ability to prevent your risk.

For the payment using dynamic bar code, the risk prevention capability is classified as shown in the following table.

Online payment service license becomes a necessary condition

In addition to the extra, the central bank also set a threshold on the business specifications of bar code payment.

When a bank or non-bank payment institution conducts bar code payment business involving cross-bank transactions, it must be handled by the PBC clearing system or a legal clearing institution, and the payment institution should also meet the corresponding business qualification requirements.

Specifically, when the payment institution provides the bar code-based payment service to the customer, the network payment service license should be obtained; if the payment institution provides the bar code payment and collection service for the entity special merchant and the network special merchant, the bank card acquiring business license should be obtained separately. And network payment business license.

At the same time, the central bank reiterated the clearing management requirements for bar code payments.

Among them, for some payment institutions to directly connect with a number of banks or payment institutions to expand the business, further strengthen the phenomenon that the payment institution and the bank are directly connected, and clearly require banks and payment institutions to carry out bar code payment business involving cross-bank transactions, should pass the people Bank interbank clearing systems or clearing institutions with legal qualifications.

According to the notice issued by the central bank, since June 30, 2018, all the online payment services involving the bank account accepted by the payment institution have been processed through the network connection platform.

Central Bank: Do not seize the market through “burning money” and “subsidy”

When talking about whether the business norms of bar code payment will restrict the development of payment innovation, the central bank stressed in its answer to the reporter that it cannot simply pursue the innovation without bottom line, and can not take the market share by improper competition such as “burning money” and “subsidy”. .

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