The news that "personal collection codes will be banned for business services from March 1, 2022" and "personal static collection barcodes are forbidden to be used for remote non-face-to-face collections" have recently swept the Internet.
The reporter was informed that the news originated from the new notice of barcode payment supervision issued by the central bank recently.
In the daily life of consumers, payment methods such as QR code payment are not uncommon, and such behavior will be included in supervision.
On October 13, 2021, the central bank’s official website issued the "Notice of the People’s Bank of China on Strengthening the Management of Payment Acceptance Terminals and Related Businesses (Yinfa [2021] No. 259)", covering the management of payment acceptance terminals, special merchant management, and acquiring business monitoring Starting from three aspects, a series of management requirements are put forward for the acquiring institution and the clearing structure.
At the same time, barcode payment has also been included in the supervision, and specific regulations have been made on the use of barcodes for personal collections, which will be implemented on March 1, 2022.
The person in charge of the relevant department of the central bank specifically explained that in recent years, the barcode for personal collection has been widely used, which has improved the efficiency of fund collection and payment, but there are also some hidden risks.
For example, some lawbreakers use the "score platform" to attract a large number of people to use personal static collection barcodes to remotely transfer gambling funds with gamblers "point-to-point" online, hiding gambling funds splitting in many normal trading scenarios.
In order to better utilize the inclusiveness and convenience of the barcode for collection under the premise of preventing risks, the "Notice" puts forward some targeted requirements.
Among them, the "Notice" explains the management of receipt barcodes. For payees such as individuals or special merchants, the receipt barcodes used by the payer to read and initiate payment instructions should effectively distinguish between personal and special merchants. Scenarios and uses of payment barcodes to prevent payment barcodes from being rented, lent, sold, or used for illegal activities.
For individuals with obvious characteristics of business activities, barcode payment collection service agencies shall not provide them with collection services related to business activities through personal payment collection barcodes.
The "Notice" also explains the remote non-face-to-face collection of payments.
Bar code payment collection service agencies shall take effective measures to prohibit personal static collection bar codes from being used for remote non-face-to-face collection.
For personal dynamic receipt barcodes saved through screenshots, downloads, etc., the relevant regulations on the implementation of personal static receipt barcodes shall be referred to.
"Incorporating bar code payment into supervision has made up for the loopholes in the bar code payment channel that may have been used by money laundering." Wang Pengbo, chief analyst of Broadcom Consulting, analyzed that, especially for the management of personal collection codes, the requirements of the "Notice" will be effectively avoided. The personal collection code channel is used by the trading platform.
What impact does the "Notice" have on consumers and small and micro businesses?
The relevant person in charge of the central bank stated that the "Notice" generally helps to better protect the legitimate rights and interests of consumers, and helps prevent lawbreakers from stealing consumer personal information and even embezzling account funds by modifying payment acceptance terminals and applying for false merchants. It is conducive to improving the service quality of banks and payment institutions such as account statements and transaction information inquiries, fully guaranteeing consumers' right to know, and reducing related disputes and complaints; in the long run, the relevant requirements of the "Notice" regarding the regulation of personal payment codes will be further improved The quality of acquiring services for individual operators and small and micro merchants.
Beijing Daily Client | Reporter Pan Fuda