From April 1st, 2018, whether the static scan code payment time limit of 500 yuan will re-ignite the POS market!

The competition between the scanning code payment online payment and the offline payment of the POS machine can be said to be intensified. Originally, every store will have a pos machine. Now, personal retail vendors must have a personal collection code, which is enough to see mobile payment. The potential and penetration in the payment market. Today Xiaobian came to tell my friends that the central bank’s provision for a static scan code payment of 500 yuan from April 1, 2018 will re-ignite the POS market! Let's take a look at the friends.

According to the understanding and market statistics, 95% of the bar code payment business is a small transaction of less than 500 yuan. In the first half of 2017, the average is about 100 yuan. The limit requirement of static scan code of 500 yuan basically meets the convenient payment needs of users in daily life. Two-dimensional code payment has penetrated into every aspect of life, but there are still many chaos behind the payment of QR code. User funds are stolen, mobile phone scan code poisoning and other chaos occur.

On December 27, 2017, the central bank issued the “Bar Code Payment Service Specification (Trial)” (hereinafter referred to as “Specification”), and at the same time issued two specifications for security technology and acceptance terminal technology. The above specifications will be implemented from April 1, 2018. . By delineating the scope of business and technical standards, the chaos of the current bar code payment field is being cleaned up. The "Specifications" clarify that the provision of bar code collection and payment business or liquidation should have the corresponding business qualifications.

The static scan code has a limit of 500 yuan per day. The central bank has clearly defined the bar code payment for small and convenient people, and the bar code payment is based on the technical security level. Regardless of the bank or the payment institution, for dynamic bar codes, if two or more valid elements including digital certificates or electronic signatures are used for verification, the one-day transaction limit can be agreed with the customer. Regardless of the transaction verification method of static bar code payment, the daily limit does not exceed 500 yuan. Due to the current low threshold for industrial and commercial registration of small and micro-merchants, some lawless elements abused the preferential policies of small and micro merchants in the business registration management and tax reform policies, and even colluded with small and micro merchants to cash out large amounts of credit card funds. To this end, the "Specifications" require all small micro-businesses in the same institution to pay the credit limit of 1,000 yuan / day, 10,000 yuan / month.

Do not abuse market position and unfair competition. The central bank also pointed out the main chaos of the current bar code payment business. First, the barriers to entry for merchants are reduced. Some market institutions use bar codes to transmit remotely and are not restricted by professional acceptance terminals. In the process of merchant expansion, they have not fulfilled the obligation of “knowing your customers” and passed the “one card down” method. Violating the development of merchants has intensified the phenomenon of cash receipts such as cashing, clearing, and outsourcing management. Second, some institutions adopt unfair competition methods such as dumping and cross-subsidy in pricing and marketing strategies when they carry out bar code payment business, abuse the market advantage position of this institution and affiliated enterprises, and exclude and restrict the competition of payment services, leading to the payment industry. Disorderly development and unfair competition. The central bank pointed out that stable and sustainable investment and operation are the guarantee for the long-term development of the payment business. It is not possible to adopt unscrupulous means such as “burning money” and “subsidy” in order to pursue short-term market share. The "Code" states that payment institutions may not engage in or disguise in securities, insurance, credit, financing, wealth management, guarantees, trusts, currency exchange, cash access, etc. based on bar code technology. Previously, a bank in the west launched a scan code to withdraw cash, and was called to stop in one day.

Summary: As the competition in the payment market intensifies, some of the payment agents' violations have become the subject of supervision. Xiao Bian believes that with the supervision of the state, it is believed that the payment market in 2018 will be exchanged for a new development opportunity. However, it is still necessary to remind friends that whether it is a POS machine or a scan code payment, the security of the stolen brush and the funds must be given the same attention. Only when you keep your money safe, can you have better income and development. I hope this information will help my friends.