Two-dimensional code payment suspended March time, UnionPay matching standard began to lay out its own two-dimensional code to pay

The central bank suspended the two-dimensional code payment three months later, UnionPay side with Alipay, Tenpay and other third parties to pay together with the central bank, pay clearing center and other regulatory departments to discuss or develop a two-dimensional code payment standards, the other side also began to layout two-dimensional code payment.

21st century Economic report exclusively learned that UnionPay's two-dimensional code payment system scheme includes two parts, one is the line and window sweep code payment, the second is the line sweep code payment, the latter is attached to the original line of the pay-order layout system, to sweep code instead of card link. In the application scene, UnionPay's line two-dimensional code payment and Alipay, Tenpay sweep code flow is just the opposite, that is, consumer mobile terminals to generate bank card information two-dimensional code, the Merchant to scan the code after the completion of the transfer of funds and payment.

Because of this, there are insiders believe that the two-dimensional model of UnionPay payment and payment of treasure, Tenpay mode of the major difference is that its essence or offline payment, but "sweep code" replaced the "swipe" process, is a natural technology upgrade.

Simply put, UnionPay's move to change space in time, should be fashionable "two-dimensional" scene, also did not touch the central bank's real bottom line.

According to the reporter survey learned that, after the prophase of technology research and Development, UnionPay two-dimensional code payment system has been developed, is currently working with the Bank to discuss cooperation promotion issues.

"Several areas have been reported to the local people's bank, but now the central bank has no clear attitude to the two-dimensional code payment, the mainland can not be officially promoted, can only do outside." "An authority close to UnionPay said to the 21st century economic reporter.

A BOC Hong Kong official confirmed the statement to reporters, "we have been promoted in Hong Kong and are now upgrading the offline poss system and have not yet been formally applied." Where there is a receipt business qualification, we will update the promotion. ”

The UnionPay mode of two dimensional code payment

On-line and window-sweeping payment, the UnionPay mode is mainly for the online or window advertising platform customers to provide payment solution form.

"Internet online payment itself has a jump function, but in addition to the need to have another way to verify the road, the original is through the text message verification, we can now by scanning code to verify." The two-dimensional code only transmits the fund payment information, the platform does not grasp the consumer comprehensive identity information. "The authorities close to UnionPay said.

The two dimensional code payment mode of UnionPay has the most breakthrough is the line sweep code payment. This model is based on the payment system under the UnionPay line, online under the merchant end, its original poss machine receipt system upgrades, implanted scanning two-dimensional code function; On the consumer side, UnionPay has developed a two-dimensional code generation system in the form of plug-ins that will embed the mobile internet terminals of each bank, Finally, a two-dimensional code that reflects the bank card information is generated at the bank terminal.

"This two-dimensional code reflects the bank card information and IC card technology similar to the principle of it is a kind of virtual encryption information which is realized by TalkingData digital technology, and it is not equivalent to all information of bank card, and the system can only read the encrypted funds information needed for payment, all the other information can only be mastered by the card issuing bank. The authorities close to UnionPay said to the 21st century Economic report that UnionPay is currently doing a competency service, not a mobile client terminal, and must work with the banks to embed their banks ' mobile phone banks in plug-in form. ”

In fact, commercial banks are also considering their own independent two-dimensional code payment system, such as Citic Bank (4.27, 0.01,0.23%) of the different payments. "The bank's own code can only be identified by itself, different banks, the standard is not the same, do not know each other's code, usually involved in the two-dimensional code exchange scene (that is, card and receipts are not the same bank) will have to be unified by the system of UnionPay, this system is compatible with the code of each bank. said the person.

He also said that with the spread of two-dimensional code payments, the future UnionPay will also be unified development of mobile terminal app, can bind a number of bank cards, "equivalent to a lot of bank cards in the mobile electronic wallet, payment scene no longer use card, Instead, select any bank card to generate two-dimensional code and through the merchant's Terminal scan code can be completed payment information transfer, enter a password to confirm can be completed payment. ”

According to the reporter understand, UnionPay line of the two-dimensional code payment system has been developed, some areas have been reported to the local people's bank, because the central bank of the two-dimensional code payment has not yet been clear attitude, has not yet been promoted in the mainland, but has been in with the card issuing banks, receiving agencies to discuss the future cooperation UnionPay has been promoted through local cooperative receipts agencies.

"Domestic promotion also have to see the central bank's attitude, UnionPay short-term also not anxious to promote, otherwise Shiri, but into another dilemma." "The authorities close to UnionPay said.

Game of all parties

Although the two-dimensional code payment has been suspended by the central bank, but in view of its technology to pay the convenience of the scene, the future market potential is huge, in the long term the problem of deregulation, the parties are fierce game.

A third party billing agency believes that UnionPay's two-dimensional code payment model does not open up a new payment model, its essence or offline payment, but with "sweep code" instead of "swipe" process, from the point of view of UnionPay, is a natural technology upgrade, "Just like from the brush of the magnetic stripe card to the Brush IC card, and then to NFC near-field contact" While Tenpay and Alipay's two-dimensional code payment mode, then by scanning two-dimensional code way to the original offline payment conversion to online payment, realized the O2O closed loop, walk is the third party internet payment channel.

Behind the game of all parties is the interest drive. In fact, UnionPay two-dimensional code payment mode, did not break the original line under the credit card payment "card issuing bank: the receipt institution: UnionPay =7:2:1" rate-sharing mechanism, while Tenpay, Alipay's two-dimensional code payment model is based on online payment, card issuing bank interface fee is lower or even free, Online payment is to put aside the role of the offline billing agency.

Central Bank Financial IC card promotion work, Director of the Office of the Li Xiaofeng April 22 in the sixth annual China Mobile Payment Industry forum, said, "Two-dimensional code to pay low-cost but not safe, using it to the offline receipts business into online receipts, is the extension of the gray zone of regulatory arbitrage, Therefore, the two-dimension code technology without password authentication can not be widely promoted as the trusted payment technology on line. ”

"I think the reason for the central bank to suspend the two-dimensional code payment surface is to pay the security problem, deep because the Tenpay and Alipay model broke the original online credit card payment of the ecological environment, they replaced the UnionPay and the recipient of the role of the agency, the split is greatly compressed." "The above-mentioned third party receipts agency said to the 21st century economic reporting reporter.

The authorities close to UnionPay believe that the online payment system of UnionPay has been tested by practice, and that the second dimension code payment belongs to the method of payment with password verification, there is no regulatory arbitrage problem, it should be widely promoted.

Although the two-dimension code payment of UnionPay does not open up another payment scenario, the security problems brought by two-dimensional code technology are still unresolved.

"The security of two-dimensional code technology is a secondary issue compared with the payment system." The two-dimensional code is only a medium, the magnetic stripe card also has the security problem, the standard is the person to decide. Now there is no uniform standard for Internet payment, and it is meaningless to talk about the standard of two-dimensional code before establishing standard. These people reported to the 21st century economic reporter.

"I think there is no difference in the security of two-dimensional code," he said. "One of the shares of the Retail business department responsible for this evaluation of UnionPay and Alipay, Tenpay two models," in the payment model and application scenarios have their own advantages, do not say who subvert who, the final trend is that everyone symbiotic coexistence, complementarity, our bank does not care about this. As for the benefit of the split is the problem of negotiation, Alipay and Tenpay interface We are not free, divided into high and low to the bank's strength. Specific business, we are talking about, and ultimately to wait for the central bank to set standards to say how to do. ”

In response to a moratorium on two-dimensional code payments in late March, the central bank expressed the hope that all parties concerned can actively collaborate in the technical rules, technical standards, especially safety control standards, as soon as possible to form a unified standard, under this standard, gradually and steadily to promote.

According to the reporter understand, April, the central bank has in conjunction with the Payment Clearing Association, the Ministry of Finance, the bank card Testing Center, with UnionPay, Alipay, Tenpay and other third-party payment agencies to discuss the two-dimensional code payment related standards, but for the final formulation, improvement and introduction of the standard has no timetable.