Contention on the technical standard of mobile near-field payment

Summary: Mobile near-field payment technology standard for mobile near-field payment technology currently there are three kinds of mobile near-field payment mainstream technology scheme: NFC, Simpass, Rf-sim, these three ways are through the money-free RF signal to achieve information transmission. NFC RF Unit Set

Technical standard for mobile near-field payment

Contention on the technical standard of mobile near-field payment

At present, there are three kinds of mobile near-field payment mainstream technology program: NFC, Simpass, Rf-sim, these three ways are through the money-free RF signal to achieve information transmission. NFC's RF units are integrated on mobile phones and need to be modified to be ready for use, while Simpass and Rf-sim are integrated on the SIM card without having to reinvent the phone. The Rf-sim carrier frequency is 2.4 Ghz,simpass and NFC is 13.56 MHz. Mobile payment technology adopted by China Mobile has a signal frequency of 2.4GHz, while the technical signal frequency used by Chinese UnionPay is 13.56MHz.

13.56MHz is a commonly used standard in the world, its radiation range is relatively near, when used close to POS machines and other terminal equipment. But the disadvantage is that this technology program needs to change the mobile phone (there are also institutions in the study directly attached to the card function), unable to penetrate metal. 2.4GHz radiation distance, seven or eight meters or even 20 meters can be induction, the biggest advantage is not need to change the phone, only need to change a card with the function of the SIM card.

The disparate standards have created confusion for users and have left companies at a loss in the mobile payment industry chain. Mobile payment is not promoted, a very important reason is that the technical standards are not uniform, conflict of interests and the desire to control the standard, will be hampered the development of mobile payments.

Central bank publishes mobile near-field payment technology national standards

Our government has realized the extreme importance of the unified mobile near-field payment technology standard to promote the development of mobile payment. In order to guide and standardize the development of China's financial mobile payment business, realize resource sharing and effective allocation, the People's Bank of China officially released the Chinese financial mobile payment technology standard on December 14, 2012 on official website, and established a technology architecture with the goal of "networking common, safe and trustworthy". Technical standards cover the application base, security, equipment, payment applications, networking Universal 5 categories of 35 standards, this technical standard covers the non-financial payment institutions, bank card organization, mobile communication operators, mobile terminal manufacturers, card dealers, chip dealers, receiving terminal manufacturers, certification bodies, Testing agencies, such as mobile payment industry chain involved parties.

The release of China's financial mobile payment series of technical standards of financial industry standards to 13.56MHz as the basis for near-field payment non-contact communication technology, applicable to the Open Network general environment, but the domestic manufacturers of independent innovation 2.4GHz can only be in the closed environment such as city bus or campus network to continue the pilot application. From the current trend of mobile payment field, the mobile payment method based on 13.56MHZ technology standard and adopting Nfc-sim (USIM) card scheme will become the leading of mobile payment market.

The mobile payment action of the bank

UnionPay to form a mobile payment industry alliance

In terms of user size, the bank's users almost cover 1.3 billion of China's population, the user scale is very large, with the development of mobile payment of the strong user base. But the number of banks in China is equally large, with more than dozens of. Therefore, the bank's user, the organization is more dispersed, this is disadvantageous to the bank development mobile payment. To this end, China UnionPay in May 2010 together with the commercial banks, telecommunications operators and some mobile phone manufacturers jointly set up a "mobile Payment industry Alliance", the first group to join the industrial Union, including ICBC, Agricultural Bank, CCB, Bank of Communications and other 18 national and regional commercial banks, China Unicom, China Telecom's two telecom operators, as well as a number of mobile phone manufacturers and other related enterprises and institutions.

Banking and mobile operators cross-sectoral cooperation

At present, the main service providers of mobile payment in China are banks and mobile operators. They have advantages: banks can provide customers with efficient and flexible payment guarantee system, with customers to pay the trust of consumption, but lack of mobile payment required access to communication networks and mobile users. While mobile operators have the basic environment for billing and mobile communications networks, they lack the ability of the banking industry to manage the risk of payment and to support large sums of money. Therefore, in the mobile payment industry chain, mobile operators and banks must cooperate closely, reasonable division of labor, establish a reasonable business model and benefit distribution mechanism, in order to promote the healthy development of the business and achieve a total win. In this multiple competing market, commercial banks have opted to "strike together" with their respective strategic partners.

ICBC and China Unicom signed a strategic cooperation agreement in December 2009, decided to use their own network resources, customer resources and channel advantages, in the expansion of international business, mobile banking, mobile payments, e-commerce and related value-added areas of all-round cooperation.

Chinese merchants Bank and China Unicom in December 2012 launched a joint mobile phone payment products "Unicom mobile phone wallet", the mobile wallet products will be the bank's PBOC2.0 credit electronic cash application loaded in the mobile phone Usim card, become China's first Swp-usim card as a carrier, Rely on Unicom wcdma3g network, through NFC smartphone and handheld mobile phone clients to manage the bank account solution. The scheme can use mobile phone card consumption, replace the function of the bank card, can support the near-field small offline payment, also can achieve large real-time credit card payment. The mobile wallet has taken the lead in the commercial operation in Shanghai, the first batch of merchants including Starbucks, Watson, DQ, Ctrip, the public comment network.

In addition, CCB and UnionPay launched the silver Joint machine to pay, ABC and UnionPay, China Telecom cooperation, "palm wallet." Cross-cross-industry cooperation becomes the most important movement of bank mobile payment.

Strategic cooperation between banks and mobile operators in stock swap

On the basis of the cooperation of mobile payment business, the bank has adopted the way of stock swap in order to have a stronger foundation for cooperation with mobile operators. Among them, the Shanghai Pudong Development Bank and China Mobile stock swap most typical.

On March 10, 2010, the bank sold more than 2.2 billion new shares to China Mobile at a rate of 17.82 yuan per share, a deal that brought 39.801 billion yuan to the Pudong bank. After the deal was completed, China Mobile held 20% per cent of the Pudong bank through its subsidiary, Guangdong. According to the Memorandum of strategic cooperation signed by both sides, Pudong Development Bank and China Mobile will work closely together on mobile finance and mobile commerce, including mobile payment, mobile bank card and mobile transfer. At the same time, the two sides will jointly promote cooperation in basic banking and basic telecommunications, and give full play to their resources and synergies. At the same time, this is the mobile operators in order to better control the capital chain, occupy the dominant position of mobile payment, not hostage to a big action. Since then, the Shanghai Pudong Development Bank and China Mobile have launched 32 cooperative projects in the four areas of mobile finance and mobile E-commerce, basic banking, basic telecommunications, customer service and channel sharing.

Bank to carry out e-commerce business and extend to mobile commerce and payment

The bank carries out the electronic commerce business mainly takes the independent platform and the third party electric business platform cooperation two kinds of modes, prepares for the next development mobile electronic commerce.

The construction Bank chooses the independent platform of the electric power supplier. June 2012, CCB commercial banking platform "good business" officially opened on the line to provide business-to-business and customer operating mode, business covers wholesale, retail and housing transactions and other fields, and to provide customers with information dissemination, transaction matchmaking, community services, online financial management, online customer service and other ancillary services , this became the first batch of domestic banking industry to build and operate a comprehensive platform for the "crab eating." As of December 26, 2012, only half a year, the business of good and financial platform daily turnover reached 17 million yuan, total turnover exceeded 3 billion yuan.

In addition, Citic Bank set up a similar Taobao independent financial mall, using open-shelf sales of funds, wealth management products, credit cards, personal loans and other financial products placed in the mall sales. At present, the mall is in the internal public test. Bank of communications "exchange", the Bank of China's "cloud shopping" independent electric business platform has also been launched, ICBC and Citic Bank, Huaxia Bank has also begun to build their own independent electric business platform.

The Bank of communications has chosen the mode of cooperation with the third party electric business platform. Bank of Communications Taobao flagship store opened on July 23, 2012, became the first bank to land Taobao. At present, the bank Taobao flagship store interface divided into precious metals, funds, insurance, credit and small business loans, VIP customer service and bank cards, such as six modules.

The bank launches the electricity business, not only is moves the counter to move forward, is realizes the network to be omnipotent the core strategic step. With the increase in the number of trading data on the electricity quotient platform, the accumulation of personal customers and enterprise customers, the Electronic Business financial platform on the one hand, in the external business to the bank to bring new customers, customer funds information and financial consumption, including loans, payments and even financial management, on the other hand, in the internal business process to achieve transaction data, upstream and downstream, Credit Approval Department, product Supervision department through the network link up, make the loan more targeted, the wind control system more clear. With the transformation of the platform from traditional PC to mobile phone, the bank's electric business also extends to mobile commerce and payment with the help of mobile app.

The bank seizes the opportunity and the gradual balance in the mobile payment business

To carry out mobile payment service is a big strategy for banks to control the future domination based on information technology revolution. Every change in communication technology in history will bring about changes in banking. The mobile payment market is a "battleground" for banks, and no bank will give up the "big cake".

In the rapid development of electronic banking today, the banks through the distribution network silver payment, know in the mobile payment "take the initiative" the importance. For banks, whether they are involved in E-commerce, or the layout of mobile payment, its essence is to stabilize customers, bonding customers, customer service, especially for some short development of the bank. They want to use mobile commerce and pay the preemptive entry to achieve "corner overtaking." such as China Merchants Bank, it is clear that they are hard to compete with the four banks in the number of entity service outlets, therefore, CMB has made a strategic plan to drive the whole retail business by giving priority to the development of Internet business, and mobile finance has become a strategic component of the overall development of its banks.

In the development of mobile payment business, banks generally take the initiative in strategy, but take a gradual and balanced arrangement in tactics. In addition to the technical transition, commercial banks have taken "step-by-step" steps in terms of consumption and funding of mobile payments. China Merchants Bank recently launched the mobile payment products, for example, "mobile wallet" must be tied to the card to recharge the CMB, and each time the maximum amount of up to no more than 1000 yuan. This is because, the customer new mobile payment consumption habit of nurturance still need a certain amount of time to nurture waiting. For financial security concerns, customers just started to pay with mobile phones can only accept small amount, and as the entire mobile market matures, the bank will gradually improve the "mobile wallet" quota.

In view of the current bank layout of mobile finance, the bank in the mobile payment business to take the overall planning of banking, preemptive mobile payment opportunities, step-by-step, steady, strategic and tactical overall balance of corporate behavior, which has become two key points.