Three big forces snatch the two-dimensional code to pay the cake

According to the economic voice of "world Company" disclosed the news that UnionPay began to lay out its own two-dimensional code to pay. It is understood that, after the prophase of technology research and development, UnionPay two-dimensional code payment system has been developed, and the Bank is currently discussing cooperation promotion issues. The news shocked the industry immediately.

In just a few hours, China UnionPay related officials issued a statement that the security issue based on two-dimensional code has not been completely resolved, UnionPay in the market has never launched a two-dimensional code payment business applications. However, UnionPay does not deny that all the parties have been actively studying and exploring all kinds of innovative payment models including two-dimensional code payment.

Small series learned that UnionPay's two-dimensional code payment system scheme consists of 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 pay-the distribution system, to sweep code instead of swipe 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.

Three big forces snatch the two-dimensional code to pay the cake

The two dimensional code payment mode of UnionPay does not open up a new payment mode, its essence or offline payment, just use "sweep code" instead of "swipe" process, while Tenpay and Alipay two-dimensional code payment mode, through the scanning two-dimensional code of the original offline payment conversion to pay, realized the O2O closed loop, Walk is the third party internet payment channel.

In addition to UnionPay and Alipay, Tenpay and other third-party payment agencies, commercial banks are also in the layout of their two-dimensional code payment system, such as Citic Bank's different payments. However, commercial banks ' own two-dimensional code payment systems usually apply only to their own bank cards. At present, in Alipay, Tenpay is still being "closed" time, although UnionPay has been the first layout of two-dimensional code to pay the market, but the central bank is subject to the pressure of public opinion and the impact of market demand, presumably will not let UnionPay a single big.

Payment criteria to be issued

March 2014, the central bank issued an emergency document to stop Alipay, Tencent's virtual credit card products, but also to stop the bar code (two-dimensional code) payment and other face-to-face payment services. Central bank When given the reason is the security issue, the central bank informed that offline barcode (two-dimensional code) payment broke through the traditional technology terminal business model, the level of risk control directly related to customer information security and capital security. Virtual credit card breaks through the existing credit card business model, and it needs to be further studied in implementing the customer identification obligation and safeguarding the customer information security. In this regard, insiders believe that whether from "model safety" or "technical security" in security notices is the central bank's rationale, the real reason is that, first, the central bank fears a positive mindset that it is not fully in control and not facing new things, and then touches vested interests, such as UnionPay. Now, UnionPay's move proves that the "security" issue is just a cover.

Xiao Bian believes that with China's current mobile internet and smartphone development posture, as long as the policy allows, the two-dimensional code payment will be overwhelming, the size of its business can not be imagined. Now, in addition to UnionPay, the major financial institutions and third-party payments are in the implementation of their own two-dimensional code payment system, a market set of standards, if not from the outset to standardize and unify, the long-term situation may be difficult to clean up.

Since April this year, the central bank has been in conjunction with the Pay Clearing Association, Ministry of Industry, bank card Testing Center, with UnionPay, Alipay, Tenpay and other third-party payment agencies to discuss the two-dimensional code payment related standards, insiders said that the two-dimensional code to pay the relevant standards or will be released next month, but the use of which side of the proposed standards are not conclusive.

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