Brainless went to the store to buy a bottle of fat house happy water, and then the merchant scanned the code collection.
In a mindless world, he thought his money went straight to the merchant’s pocket.
The real world
The real world is always a little more complicated for a variety of reasons.
Offline charge sheet
POS offline receipt
When we go to a physical store, whether we use Alipay or wechat to pay, or merchants scan us with pos machines, we all receive orders offline.
We (cardholders) go to shopping malls (specially engaged merchants) and pay by swiping or waving the card through POS machines (provided by receipt institutions). After that, the funds are cleared to the account of specially engaged merchants through clearing institutions (such as UnionPay).
The basic process is as follows:
The concept is introduced
There are a few basic concepts involved here, and I’ll just repeat them from the book.
I am relentless by definition rereader:
(1) Card issuing bank
The issuing bank issues various bank cards to cardholders (i.e. users or consumers) and charges service fees by providing various related bank card services. It is the initiator and organizer of the bank card market and the seller of the bank card market.
(2) Receipt mechanism
Responsible for the development and management of the specially engaged merchants, authorization requests, bill settlement and other activities, and its interests mainly come from the sharing of the transaction fees and service fees of the specially engaged merchants.
(3) Bank card organization
Establish, maintain and expand the inter-bank information exchange network, provide member institutions with information exchange, clearing and settlement, unified authorization, brand marketing, assist member institutions to carry out risk control and anti-fraud services, such as UnionPay Electronics, by establishing a public information network and a unified operating platform.
Ps: For example, Shanghai Clearing House, China Bond Board, and China Foreign Exchange Trade Center are worth a brief introduction to explain the important role of each institution in promoting financial development.
(4) Special merchants
A retailer, individual, company or other organization that has a merchant agreement with a receipt agency to accept bank cards.
Barcode charge sheet
2015 can be said to be the first year of barcode payment.
Difference with the traditional offline and online network payment bank card, bar code is in a kind of new payment mode, but WeChat, alipay and Banks pay for barcode is through offline business travel document management, bar code pay rates also refer to below rate, therefore generally paid the barcode in the offline charge list.
So, in fact, we use scan code payment is not long, to life really brought great convenience.
Taking single line
The common scene of online order collection is to awaken APP or H5 to aggregate the cashier page to complete payment or gateway payment and quick payment on PC terminal.
After placing an order on the mobile APP, the customer submits the order and evokes the payment process. After selecting the corresponding payment channel, the customer completes the payment process through the APP or H5 interface evoking the corresponding payment channel.
After placing an order on the PC-side e-commerce website, the customer submits the order, evoking the PC-side payment process, and the customer selects the corresponding payment method, such as quick payment or e-bank payment, to complete the payment process.
Now we use app payment more scenarios, it is estimated that many people do not use PC for payment.
In fact, PC quick payment is much more convenient than the traditional payment mode. It was launched by Taobao in 2013 for the convenience of users to pay.
From the perspective of user experience, the experience of using quick payment is better than using online banking. On the one hand, quick payment does not need to open online banking, and after tying the card once, the second time can be directly paid, which is convenient and fast.
But mobile payment is more convenient, it can be seen that payment is always evolving towards a more convenient reverse, of course, security has been improving.
Improve the security of transactions, which is partly due to the risk control system to reduce the risk of transactions, and we will discuss this in more detail when we have time.
Who’s going to share this cake
You may have noticed that scanning code became popular in 2015, and before that it was all about POS.
In fact, sweep code development so fast, a certain Angle is to go around the ball to have today’s brilliant.
But regulations have since been introduced to direct transactions to more secure POS machines.
There are mainly three kinds of POS receipt institutions to share the cake, namely commercial banks, UnionPay commerce and third-party payment companies.
Commercial Banks
The main business scope of commercial banks includes taking deposits from the public, enterprises and institutions, granting loans, discounting bills and receiving bills.
In offline receipt business, commercial banks are card issuing bank, receipt bank and receipt institution.
Ps: This is more severe, their basically all earned.
Firstly, the merchant opens an account at the bank (receiving bank), and the bank installs POS machines for the merchant. When the cardholder purchases goods at the merchant, he/she pays by swiping the card, and the receiving bank is responsible for recording the consumption funds after deducting certain service charges into the merchant’s account.
When A cardholder uses A bank card (issuing bank A) to make inter-bank consumption on the POS machine, the debit instruction is first transmitted from the POS terminal to the host system of receiving bank B, then transferred to unionPay for inter-bank transfer, and then transferred to issuing bank B via UnionPay electronic transfer, and finally the issuing bank is responsible for withholding funds.
Of course, none of the organizations do charity work. The basic proportion of the organizations here is as follows:
Generally, the handling fee of the above three parties is divided into: issuing bank: receiving bank: UnionPay electronic =7:2:1.
That’s why so many banks let you get credit cards.
Unionpay business
Founded in Shanghai in 2002, China UnionPay has two subsidiaries, UnionPay Commerce (mainly engaged in offline POS receipt business) and UnionPay Electronics (mainly engaged in Internet payment business), as well as solving the common problems of bank card networking, that is, integrating the gateway interfaces of major banks to realize the interconnection between banks. Solve the problem of interchange and qing settlement), union pay data service co., LTD. (provide bank card data processing services to financial institutions), bank card test center, China’s financial certification center (namely CFCA, by issuing a digital certificate, offer online banking, e-commerce, e-government safety certification services) and other subsidiary.
When UnionPay commerce acts as a receipt institution, it is signed by UnionPay Commerce and the merchant, and the subject of receipt is UnionPay Commerce.
Third party payment receipt agency
In the offline bank card billing market, third-party billing agencies are developing rapidly across the country.
Third-party payment institutions need to first obtain closed single licence issued by the central bank, then signed a contract with merchants, offline cloth POS machine, for merchants to accept single, third-party payment institutions tend to find one or more Banks cooperation, open cover in cooperative bank deposit account, used for money with the bank settlement, we are called cooperative bank third-party payment institutions cooperation.
There are a lot of scenes involved here, just say a more classic quadrangle mode.
Why quadrilateral?
The core role of quadrilateral mode is to balance the relationship between all parties in the payment process and form a closed loop of payment chain. It not only meets regulatory requirements, but also benefits all participants. It is a relatively mature and effective operation mode.
In fact, sometimes there are too many people to go round. In fact, in Sifang payment, there are very few third-party payment institutions, so it is relatively recommended that the third-party payment should develop into value-added service platforms.
There is domestic clearing and settlement, which facilitates the unified control of all capital flows. In addition, risk control service, invoice service, recommendation system, capital management and so on can be the development direction of value-added services.
Don’t always stare at the porridge in the pot, the amount is limited, always give priority to the son to drink.
As for the others, nothing down the mountain pick water, do some ice cream to sell, also quite good.
