What are the key elements of third party payment risk control?

First, the time of swiping the card, swiping the card during normal business hours.

Second, it is best not to have whole numbers (e.g., 10,000, 100,000, etc.) and full numbers (e.g., 9999, 10001, etc.) for the amount swiped

Third, don't swipe a card more than three times, that is, don't swipe this card if you fail to swipe the card twice.

Legal analysis: The risks of third-party payment are: 1. Leakage of payment channel parameters; 2. Data leakage; 3. There is a risk in precipitating funds; 4. Money laundering and credit card malicious cash-out risks; 5. Risks of personal privacy and consumer rights protection.

Legal basis: Detailed Rules for the Implementation of the Measures for the Administration of Payment Services for Non-Financial Institutions Article 33 The standard terms and conditions of payment service agreements of payment institutions shall follow the principle of fairness, and comprehensively and accurately define the rights, obligations and responsibilities between payment institutions and customers. Payment institutions shall draw the attention of customers to the contents of the standard terms of the payment service agreement that exempt or limit their liability, and explain them.

Where a payment institution intends to adjust the standard terms of a payment service agreement, it shall notify the customer 30 days before the adjustment, and remind the content of the proposed adjustment. If the obligation to inform the customer is not fulfilled, the adjusted terms shall not be binding on the customer.

Legal analysis: the risks of third-party payment include the leakage of payment channel parameters; risk of data breaches; money laundering and credit card malicious cash-out risks, etc.

Legal basis: Article 53 of the E-Commerce Law of the People's Republic of China: Parties to e-commerce may agree to use electronic payment methods to pay the price.

Electronic payment service providers providing electronic payment services for e-commerce shall comply with state provisions, inform users of the functions, methods of use, precautions, related risks, charging standards, and other matters of electronic payment services, and must not attach unreasonable transaction conditions. Electronic payment service providers shall ensure that electronic payment instructions are complete, consistent, traceable, auditable, and tamper-proof.

Electronic payment service providers shall provide users with reconciliation services free of charge, as well as transaction records for the last three years.

Features of third-party payments:

First, the cost is low, the third-party payment is essentially a platform, so if you pay here, it is convenient for the major merchants to directly connect to the bank, and make consumption more convenient.

Second, to eliminate fraud, with a third-party platform, the buyer will pay the seller after receiving the goods, and the seller will deliver the goods after seeing the money, so everyone can rest assured halfway.

Third, the cost of payment is low, and the payment intermediary concentrates a large number of electronic small-value transactions, forming a scale effect, so the cost of payment is low.

Fourth, easy to use. For the payer, he is faced with a user-friendly interface, and does not have to think about the complex technical operation process behind it.

Extended information] Third-party payment is the payment that connects the bank card payment to an interface through various procedures, that is, it is responsible for the payment docking on the bank card side on the one hand, and the use of consumers on the other hand. In the third-party payment process, consumers and merchants do not need to open different accounts in different banks, and the cost of online shopping is reduced and the operating cost is reduced; At the same time, it can also help banks save on gateway development costs and bring certain potential profits to banks.

Advantages of third-party payments:

1. Security. Third-party payment platforms are often supported by strong financial resources and can build excellent secure payment platforms. The R&D technologies used in the third-party payment platform are the most mature related technologies at present, and they are interconnected with the payment gateways of major banks.

The password entered by consumers when choosing to pay will be directly transmitted to the banking system through the third-party payment platform, and the bank's payment gateway alone can ensure strong transaction security. Moreover, the third-party payment platform itself will also be designed with sufficient security protection procedures, which can use mature security technologies such as SSL128 encrypted channel and PKI key technology to provide comprehensive security guarantee for platform users.

2. Impartiality. A very important role played by the third-party payment platform is impartiality, and the clearing model adopted by the third-party platform can greatly reduce the probability of buyer refusal and seller fraud, and create an atmosphere and environment of mutual trust between buyers and sellers for e-commerce. Moreover, the clearing mode of the third-party platform can be settled twice between ** and major financial institutions, which ensures that the platform is not just a bank payment gateway channel, but a truly independent third-party platform, which can save the transaction information of e-commerce and provide corresponding protection for buyers and sellers.

3. Convenience. The third-party payment platform is independent for buyers and sellers, and it cooperates with major e-commerce companies and major financial institutions, and will create a unified payment page for consumers when consumers pay for goods on the e-commerce connected to the platform, and provide platform users with payment channels of various banks, so that users do not need to log in to the online banking of various banks to operate, which brings great convenience to consumers.

1. Cost advantage.

2. Competitive advantage.

The third-party payment platform is interest-neutral and avoids competition with the service company in business.

3. Innovation advantages.

The personalized service of the third-party payment platform enables it to customize personalized payment and settlement services according to the innovative business model of the market competition and business development of the service enterprise.

1. Risk monitoring: mainly responsible for the pre-monitoring of risks, each company has a system for monitoring transactions and rules for intercepting transactions, if the system detects abnormal transactions or touches the interception rules, the colleagues of the risk monitoring group will give the cardholder a ** to confirm whether it is their own transaction, if not their own operation, the transaction will fail, to avoid the loss caused by theft to the cardholder.

2. Case handling: Mainly responsible for the post-processing of risks, for the cardholder's bank card is stolen and swiped through the third-party payment platform of our company, according to the regulations of the central mother, the third-party payment platform has the obligation to advance compensation to the cardholder for the stolen money, so there needs to be a department dedicated to the bank and customer service to deal with this part of the compensation.

3. Merchant review: Because the third-party payment platform will eventually land in each merchant as a payment channel, it is necessary to have a team to review the qualifications of merchants and monitor whether there are risks of illegal operations, money laundering and so on from the merchant side.

4. Transaction analysis, in point 1, it is mentioned that the payment company sets the rules for interception of the transaction, and the transaction analysis team is responsible for setting these rules. They will use big data, user portraits, etc., and through modeling to set reasonable transaction rules, so as to judge fraudulent transactions as accurately as possible through the system. (The so-called rules, simply put, are unreasonable transactions, such as a newly registered user who just registered and bought four Apple phones, this kind of transaction is a high-risk transaction; For example, an old user, whose ID card belongs to Beijing, and whose historical login IP is also Beijing, but suddenly logged in with Guangxi's IP in the early hours of the morning and bought four large gold bars, which is also an unconventional risk transaction).

5. Data mining: The work of this group is actually a relatively high-level job, and small payment companies rarely have this kind of position. In fact, through the first-hand information of massive transaction data, theft case data, etc., through the difficult means of mining and modeling, a more reasonable risk control model is constructed, and the risk control ability is improved, and the external output of the solution is implemented.

6. Business development post, before the network has not been launched, at present, all payment companies are through direct connection to the bank to complete the transaction, then the channel expansion ability and the bargaining power at both ends of the channel become very important, business development is to do this, their goal is to connect more channels, increase the limit, and lower the rate. If these three points can be completed properly, it can directly benefit the company. However, after April 17, the central bank will slowly cancel the direct connection model, and at the same time, the network connection platform will be launched, and all payment companies will be connected to the clearing institutions similar to the network (the nature of the network is the same as the role played by UnionPay in the offline business), and then the network will directly connect with the banks, so the ability to expand the channel has become less important, and I don't know where the focus of the work after this post is.