Personal business collection code is coming! There are also hidden dangers in meeting payment needs

Personal business collection code is coming!

At the entrance of a supermarket in Beijing, Resident Grandma Yang scanned the QR code of the merchant with her mobile phone and bought a string of rock sugar gourds for her little granddaughter. Next door photo studio, click, female college students take ID photos, through the merchant printed two-dimensional code scan code to complete the payment.

In recent years, personal collection barcodes have been widely used, effectively meeting the personalized and diversified payment needs of the public, and improving the efficiency of capital receipt and payment of small and micro economies and local stall economies. But at the same time, there are also some hidden risks in personal collection barcodes.

On February 22, the China Payment and Clearing Association, WeChat Pay, and Alipay respectively issued announcements to take a series of measures to optimize bar code payment, among which the newly established "personal operation collection code" has attracted widespread attention.

Choose freely and experience the same

In order to better play the inclusiveness and convenience of the collection bar code, in October last year, Chinese Min min bank issued the "Notice of Chinese Min Min Bank on Strengthening the Management of Payment Acceptance Terminals and Related Businesses" (hereinafter referred to as the "Notice").

The "Notice" proposes that for individual collection barcode users with obvious business characteristics, it is required to provide merchant collection barcodes for such individual users to improve the quality of acquiring services for individual operators. In principle, personal static collection barcodes are prohibited from being used for remote non-face-to-face collection, and it is really necessary to implement whitelist management to prevent personal static collection barcodes from being sold, leased, and lent for building online recharge channels for gambling activities. The Circular is scheduled to come into force on 1 March this year.

In accordance with the relevant regulations of the People's Bank of China, the Payment Association put forward industry self-discipline suggestions, set up a special "personal operation collection code", and WeChat Pay and Alipay provided personal collection code upgrade invitation services from March 1.

What kind of merchants need to change from personal collection code to personal business collection code? The China Payment and Clearing Association said that it encourages and guides users with "obvious business activity characteristics" to use personal business collection codes, but it is by no means mandatory "one-size-fits-all", and the vast majority of users are not affected, especially the township residents who sporadically sell their own seasonal agricultural and sideline products or their own handmade small commodities, and urban street vendors and other users are basically unaffected.

Users can freely choose to use the newly set personal business collection code, and the original personal payment code can still be used. The announcement of the China Payment and Clearing Association clearly states that users use the "personal operation collection code", the service is not reduced, the experience remains unchanged, the code assignment process is free, and they can enjoy more efficient transaction reconciliation and other services. At the same time, the current "personal collection code" is not closed, not stopped, and the function remains unchanged.

According to expert analysis, the newly established "personal operation collection code" reflects the hierarchical optimization of collection services. This time, the personal operation collection code was reset between the personal collection code and the merchant collection code, which reflected the characteristics of further layered optimization of the collection service, and gave more accurate regulatory measures for different specific entities.

Does not affect user costs, value-added services more

"Wouldn't the formalities be troublesome?" "Is there a charge for withdrawals?" ...... Many people have similar questions about the newly established "personal operation collection code".

Using a personal business collection code does not increase user costs. According to the relevant person in charge of the payment association, fully considering the actual situation of customers such as mobile vendors, for small and micro merchants and individual operators who apply for personal business collection codes, in accordance with the principle of "low is not high", refer to the standard charges of personal collection codes to reduce the financial costs of merchants. WeChat Pay announcement said that users can receive material code plates for free. Alipay said that the upgrade process is completely free, and the original rights and interests such as free money collection and free cash withdrawal will continue to be enjoyed, and will also enjoy higher rights and interests such as the guarantee amount of "dare to collect and dare to lose".

The procedures for applying for personal business collection codes are streamlined. According to the relevant person in charge of the payment association, the payment institution will streamline the submitted materials in accordance with the principle of minimum and necessity, and submit them mainly through online means. Some individual merchants only need to provide personal information, store avatars or booth photos.

What are the benefits of using a personal business payout code? The payment association said that on the one hand, the personal operation collection code can accept credit card payments, and can also obtain value-added services such as account management, transaction reconciliation, and specific marketing. On the other hand, the personal operation collection code can also better realize the prevention and control of transaction risks and more effectively protect the safety of user funds.

Overall, for consumers, the payment experience will not change, and QR code collections can still meet daily payment needs. For merchants, if they do not want to upgrade, they can continue to use personal payment codes; if they upgrade to "personal business collection codes", they can get more value-added services.

Prevent risks and prudently implement whitelist management

The payment acceptance terminal involves the reading, collection and generation of payment instructions for payment information, and its security and compliance are of great significance to ensuring the security of payment information and funds.

The relevant person in charge of the People's Bank of China said that there are some hidden risks in the bar code of personal collection. For example, some institutions use personal collection bar code transfer business to handle a large number of production and operation and daily consumption transactions, which not only confuses the nature of the transaction, leads to distortion of transaction information, affects the effect of risk monitoring, and is not conducive to the use of payment services to empower value-added business activities. There are also some criminals who use the "running sub-platform" to attract a large number of people to use personal static collection barcodes to transfer gambling funds remotely online with gamblers "point-to-point" with high returns, which affects the effectiveness of the "capital chain" traceability mechanism involved in gambling.

The "Notice" proposes that the relevant requirements for personal dynamic collection barcodes saved through screenshots, downloads, etc. are referred to to implement the relevant requirements for personal static collection barcodes, so as to prevent criminals from circumventing policy requirements by means of personal dynamic collection barcodes.

Some people are concerned, will some reasonable remote collection needs be affected? The relevant person in charge of the payment association said that Alipay and WeChat Pay can implement whitelist management for users with legitimate and reasonable needs, and support remote collection functions. At the same time, the Notice proposes to carefully determine the access conditions and scale of the personal static collection bar code whitelist, the validity period, the number of uses and the transaction limit of the personal static collection bar code, and prevent the risk of whitelist abuse.

In addition, recently some users have reported that some people have committed fraud in the name of "personal collection code upgrade" and "replacement code card". The announcement of the Payment Association reminds member units to smooth the channels, strengthen communication and explanation with users, and avoid criminals taking advantage of the opportunity to defraud. Alipay and WeChat Pay also remind users that if there are relevant people to promote, please beware of fraud.

(People's Daily)