The personal collection code is not closed, not used, and the function remains unchanged——
There is no need to worry about the QR code collection of small vendors
Our reporter Chen Guojing
The uncle who sells roasted sweet potatoes on the street does not need to worry that the QR code posted on the stall will not work.
From March 1, the "Notice of the People's Bank of China on Strengthening the Management of Payment Acceptance Terminals and Related Businesses" will begin to be implemented, and the implementation of the part involving personal collection codes has attracted much attention.
Especially recently, there have been many discussions on the Internet about whether personal collection codes can be used for business collection.
In response to this doubt, on February 22, the China Payment and Clearing Association announced that after March 1, the personal collection code can continue to be used, and it will not be closed, disabled, and its functions will remain unchanged.
At the same time, a new "personal business receipt code" is set up, which users can freely choose to use.
The Economic Daily reporter interviewed industry experts.
The vendor's personal payment code can continue to be used
The Economic Daily reporter learned that for individual operators with small business scales such as mobile booths, or occasional business receipts, they can continue to use their original personal receipt codes after March 1.
On February 22, the China Payment and Clearing Association issued an announcement on optimizing barcode payment services, saying that in order to further optimize the business environment and provide more accurate and convenient payment services, a new "personal business collection code" was established, and users can choose freely. use.
Industry experts said that if the user chooses to use the "personal business collection code", the original "personal collection code" can continue to be retained, not closed or used, and the "personal collection code" can continue to be used for personal daily receipts and payments. .
After the announcement of the Payment and Clearing Association, WeChat and Alipay also announced that after March 1, the personal collection code can continue to be used normally.
The WeChat announcement stated that after March 1, based on the user's collection situation, invitations will be sent out through WeChat collection assistant message notification and other methods, and the personal business collection code will be provided if the user is voluntary, and the material code will be received free of charge.
Alipay also stated that after March 1, Alipay's personal collection code can continue to be used, and it can continue to enjoy a series of existing services including free cash withdrawals.
Dong Ximiao, chief researcher of China Merchants Union Finance, believes that this move is an optimization of the requirements of the "Notice of the People's Bank of China on Strengthening the Management of Payment Acceptance Terminals and Related Businesses", fully respects the user's right to choose, and minimizes the need to strengthen payment acceptance terminals and barcode payment management. The impact brought a "reassurance" to the market and users.
It is up to the user to decide whether to transfer the personal business code or not
At present, barcode payment has become an important payment method in the daily life of the public.
Among them, the "personal collection code" is not only used for personal daily travel, daily necessities consumption, micropayment and other scenarios, but also a large number of individual industrial and commercial households, small and micro enterprises and other users are used for daily operations.
According to the "China Payment Industry Annual Report 2020" compiled by the China Payment and Clearing Association, in 2019, banking institutions and payment institutions processed a total of 173.755 billion payment and acquiring businesses, with an amount of 26.74 trillion yuan.
In order to allow individual industrial and commercial households and small and micro enterprise users to use barcode payment methods for daily operations more conveniently and safely, and to strengthen the service awareness of payment institutions, in accordance with the relevant regulations of the People's Bank of China, the China Payment and Clearing Association has researched and put forward industry self-discipline suggestions from member institutions. Further refine and improve payment service functions, and set up a "personal business receipt code" for individual users with obvious business characteristics.
In this regard, Dong Ximiao said that users will have the opportunity to "choose one of two" using barcode payment: on the one hand, the new "personal business receipt code" is more powerful, and users can choose to use it freely; on the other hand, the original The personal collection code function remains unchanged, and the original user can continue to use it.
So, what are the benefits of using a personal business receipt code?
Industry experts believe that "personal business receipt code" expands service functions, does not increase service costs, and does not change user experience.
On the one hand, the "personal business receipt code" can be used for individual business operators who have not gone through industrial and commercial registration, so that they can obtain better payment services more accurately and conveniently.
For example, the personal business collection code can accept credit card payment, which is conducive to expanding customer sources.
In addition, value-added services such as accounting management, transaction reconciliation, and specific marketing can also be obtained.
Payment institutions can develop more service options on the premise of fair competition.
On the other hand, personal business receipt codes can also better prevent and control transaction risks, more effectively protect the safety of user funds, and safeguard the legitimate rights and interests of consumers, individual merchants, and small and micro enterprises.
The payment institution will compare it with the merchant management, the transaction information will be further accurate, and in the event of a dispute, the rights can be better and faster.
Alipay announced that after the upgrade, users will continue to enjoy the original rights such as free money collection and free cash withdrawal, and will also enjoy a higher "dare to receive and dare to pay" guarantee amount and other rights and interests.
WeChat Pay also stated that it can provide services such as operating account books and business analysis.
Wang Pengbo, a senior analyst in the financial industry of Broadcom Consulting, said that on the whole, the regulatory policy on personal collection barcodes will not affect the sustainable development of the industry from the perspective of market operation.
The payment experience of ordinary users by scanning the code will not be affected, and the operating costs of small and micro merchants such as street vendors will not increase.
For users who apply for the use of "personal business receipt code", the procedures are not complicated.
It is understood that payment institutions should submit materials in a simplified manner according to the principle of least and necessary, and mainly submit them online.
For consumers, no matter which one of the "personal collection code", "personal business collection code" and "merchant collection code" the merchant uses, the consumer pays through the collection code provided by the merchant, and the experience is the same as the status quo. Payment hassle-free.
If the merchant uses the "personal collection code" to collect money, the consumer can only pay with a debit card or payment account balance.
If the merchant uses the "personal business collection code" or "merchant collection code" to collect payment, consumers can also use credit cards to pay, and in the event of a dispute, it is more convenient and accurate to provide evidence to protect their own rights and interests.
Manage the collection code to protect consumers
Wang Pengbo believes that the announcement issued by the Payment and Clearing Association not only takes into account the inclusiveness and convenience of the collection code, but also conforms to the prudential supervision idea proposed by the central bank, and finds a balance between development and compliance.
In particular, it provides more convenient conditions for the sustainable and healthy operation of small, medium and micro merchants, which is also in line with market expectations.
At present, the hidden risks of personal payment codes cannot be ignored.
In October last year, the "Notice of the People's Bank of China on Strengthening the Management of Payment Acceptance Terminals and Related Businesses" was released, precisely to strengthen industry management, plug loopholes, cut off illegal chains, and better protect the funds of consumers and small and micro merchants. Safety.
At the same time, one of the important contents also involves anti-money laundering.
In order to prevent criminals from using personal static collection barcodes to transfer gambling funds remotely.
The central bank clarified that it is required that personal static collection barcodes are prohibited from being used for remote non-face-to-face collections in principle, and it is necessary to implement whitelist management.
For personal dynamic collection barcodes saved through screenshots, downloads, etc., the relevant requirements for implementing personal static collection barcodes should also be referred to.
In recent years, some criminals have stolen personal information, misappropriated account funds, and even committed crimes by means of transforming payment acceptance terminals and applying for fake merchants.
For example, some people use personal static collection barcodes to remotely transfer gambling funds with gamblers "point-to-point" online, and hide gambling funds in normal transaction scenarios.
Dong Ximiao believes that while barcode payment is convenient for everyone, there are indeed some loopholes that are easy to be exploited. Strengthening management is necessary to promote the healthy and sustainable development of barcode payment business, prevent risks in payment and settlement, and better protect merchants and businesses. legitimate rights and interests of consumers.
Relevant departments also reminded that in the near future, we must also beware of fraudulent behaviors using "receipt code upgrades".
Recently, some people have committed fraud under the banner of "upgrade of personal collection code" and "replacement of code plate".
The announcement of the Payment and Clearing Association reminds payment institutions to unblock channels, strengthen communication and explanation with users, and avoid criminals taking the opportunity to defraud.
Alipay and WeChat Pay also remind users to beware of fraud if any relevant person comes to promote it.