The formation of the deposit capital is the basis of the third party paying enterprise to carry out all other business.

With the gradual development of the third party payment business, the large number of payment agencies occupying the market will have the strength to get involved in the wider field, and then the transformation, which is an important aspect of the long-term strategic planning and the central bank's supervision and management. At the beginning of 2012, the People's Bank of China issued the "payment agencies Internet payment business management measures (draft)", the payment institutions of the scope of business and management methods made a further clear and limited to the interests of the parties to pay the business to give further protection.

After nearly ten years ' development, the third party payment tool has basically realized the functions of credit intermediary, payment intermediary and financial service. The credit intermediary is the third party payment platform with its commercial credit as the guarantee, provides the guarantee for the buyer and seller, causes the network transaction to carry on safely smoothly, this is also the third party payment tool creation original intention. The rapid development of third-party payment tools has benefited from the support and cooperation of commercial banks, and banks have provided them with more solid basic services in capital security and commercial credit. This has made a great contribution to the rapid growth of the third party payment industry.

But it is noteworthy that the number of users in the third party payment platform has grown rapidly in the past two years, and its business scope is more and more extensive, many commercial banks to handle the water and electricity costs, telephone fees and other payment services through Third-party payment tools can easily handle, which makes commercial banks lost a part of non-interest business income. At the same time, the banking system internal accounts transfer and telegraphic transfer and other business is to charge a certain fee, the emergence of third-party payment tools so that these costs in the Third-party payment platform to be exempted, more and more money flow business from the banking system leakage, on the Third-party payment platform to be completed, Then, the periodical settlement between the third party payment platform and the commercial bank leads to the decline of the liquidity of the capital in the commercial bank. Not long ago, the Third-party payment platform creatively with the Enterprise ERP system, enterprise users can in the internal ERP system, directly to the Enterprise Account Fund Management, complete information inquiries, bulk payment, transfer, and so on. This further enables a growing number of enterprise users through Third-party payment platform for the management of funds, eliminating the interbank remittance costs and time to wait.

At the same time, third party payment in the exercise of credit intermediary and payment intermediary functions of the formation of a large amount of precipitation funds. The deposit of funds refers to the payment to a third party, after a trading cycle, third-party payments to the seller's capital holding process. Due to the time difference between the buyer and the seller, the deposited funds will bring a considerable interest income for the third party to pay the enterprise, which provides some help for the third party to pay the early accumulation of capital. At the same time, the formation of deposit funds is the third party to pay the enterprise to carry out all other business basis

Author Unit: School of Economics, Nankai University