Two dimensional code after the safety standards or can be extended

On the morning of March 18, the executive vice president and Secretary-General of China's payment and liquidation Association, Caihongbo, delivered a speech at the conference on "Reform and innovation of China's modern payment system" held by the Central University of Finance referring to the central bank's moratorium on two-dimensional code payments and virtual credit cards, he said that the reason for the suspension of the two-dimensional code payment is mainly the lack of technical safety standards , it is possible that the future two-dimensional code payment security system should be popularized.

Caihongbo said that the technical safety standard of two-dimensional codes is missing, and how to guarantee the uniqueness and security of two-dimensional codes and the non-repudiation of transactions are still to be perfected in payment circulation. In fact, the two-dimensional code is now a certain security, but this security has reached the standard of financial payment is not unified, this is the main reason to call off the two-dimensional code payment, which requires the future of this security system to establish, meet the standards, and then spread, I think it is possible to launch, the key to see how to do.

For virtual credit cards, Caihongbo said that the issuance of bank cards required a face sign, this is not only our China is such, but the common practice in the world, is a system formed over the years, and virtual credit card in the online payment account is not fully real name, through the wire card, eliminating and weakening the authentication link, In terms of compliance and risk requirements, there are some problems to be said.

Caihongbo that innovation should take into account market tolerance, risk tolerance and regulatory guidance. We should strengthen self-discipline and regulation, rectify and improve the innovation which is obviously unfair and cooperate with the supervision.