The content of the measures for the handling of the micropayment system

The main characteristics of micropayment are efficient, safe and fast.

Bank card online micropayment business is a new online payment model, which is characterized by the fact that online payment can be completed even if online banking is not opened. The service can be activated through multiple channels. At the same time, you can also choose to receive the verification code on your mobile phone (when making micropayment transactions, CCB will send the dynamic password to your designated mobile phone in the form of SMS) or the dynamic password card as the payment verification method.

The business supports a variety of dragon cards.

In order to ensure the security of transactions, you can also set personalized single-transaction, daily accumulation and total payment limits within the limits of online micro-payment stipulated by CCB. The total payment limit refers to the total payment limit of the online payment account opened by the bank card under the name within a certain period (natural month).

Safe and fast, this is the online micropayment business of CCB's bored bank card.

Summary. Hello, I am happy to answer for you, the types of business and processing methods of large and small payment systems are different. The large-value payment system mainly handles payment services with large one-time amounts and low settlement frequency, such as inter-bank transfers, merchant payments, etc.; The micropayment system mainly handles small-amount daily consumption payments, such as UnionPay***, Alipay, WeChat Pay, etc.

The large-value payment system adopts an asynchronous processing method, that is, the transaction request is initiated first, and the settlement is carried out after the bank verifies the information, which takes a long time; The micropayment system uses synchronous processing, that is, the transaction is settled immediately after initiation, and the response speed is faster than that of the large-value payment system. The security requirements and processing methods of large and small payment systems are also different, with large payment systems emphasizing the accuracy and security of transactions, while micropayment systems pay more attention to user experience and convenience.

Hello, I am happy to answer for you, the types of business and processing methods of large and small payment systems are different. The large-value payment system mainly handles payment services with large one-time amounts and low settlement frequency, such as inter-bank transfers, merchant payments, etc.; The micro-payment system mainly handles the payment of small daily consumption stools, such as UnionPay***, Alipay, WeChat Pay, etc. The large-value payment system adopts an asynchronous processing method, that is, the transaction request is initiated first, and the settlement is carried out after the bank verifies the information, which takes a long time; The micropayment system uses synchronous processing, that is, the transaction is settled immediately after initiation, and the response speed is faster than that of the large-value payment system.

The security requirements and processing methods of the large and small payment systems are also different, the large-value hail payment system needs to emphasize the accuracy and security of the transaction, and the small-value payment system pays more attention to user experience and convenience.

The large-value payment system and the micro-value payment system are two different payment systems, and they have some similarities and differences in the way they handle business. 1.Transaction Amount Limit:

The large-value payment system mainly handles payment transactions of large amounts, usually involving transactions of more than millions of yuan; On the other hand, a micropayment system mainly handles payment transactions for smaller amounts, usually involving transactions of less than a few thousand yuan. 2.Transaction processing time:

The transaction processing time of the Daxiao Duan Appreciation Payment System is relatively long, and it usually needs to go through multiple links of review and confirmation to ensure the security and accuracy of the transaction; However, the transaction processing time of micropayment is relatively short, and it can usually be instantaneous. 3.Security Requirements:

Since large payments involve large amounts, there are higher requirements for the security of transactions, which require stricter identity verification and risk control; Micropayment systems, on the other hand, have relatively low security requirements and often employ simplified authentication and risk controls. 4.Processing Fee:

Transaction fees for high-value payment systems are usually higher because of the need for more services and guarantees; The transaction fee of the micropayment system is usually low, so as to promote the popularization and convenience of micropayment.

The micropayment system handles the following inter-bank payment transactions:

a) Ordinary credit business:

It refers to the payment business initiated by the paying bank to the beneficiary bank. Including the following types of business:

1.Exchange; 2.Entrustment collection (transfer);

3.Collection Commitments (Transfers);

4.Treasury credit remittance business;

5.online banking credit payment business;

6.Other ordinary credit payment operations stipulated by the People's Bank of China.

b) Periodic credit business:

It refers to the batch payment business initiated by the paying bank to the designated beneficiary bank on a regular basis in accordance with the agreement signed by the parties in advance. Including the following types of business:

1.payroll business;

2.payment of insurance premiums and pensions;

3.Other regular credit payment operations stipulated by the People's Bank of China.

c) Real-time credit business:

It refers to the business initiated by the paying bank on behalf of the payer to credit the confirmed amount to the designated payee's account in real time. Including the following types of business:

1.Personal savings and deposits;

2.Other real-time credit payment operations stipulated by the People's Bank of China.

4) Ordinary debit business:

It refers to the collection business initiated by the beneficiary bank to the paying bank. Including the following types of business:

1.People's Bank of China inter-agency debit business;

2.Treasury debit remittance business;

3.Other ordinary debit payment operations stipulated by the People's Bank of China.

5) Periodic debit business:

It refers to the batch collection business initiated by the beneficiary bank to the designated paying bank on a regular basis in accordance with the agreement signed by the parties in advance. Including the following types of business:

1.collection of water, electricity, gas and other public utility fees;

2.Treasury bulk tax deduction business;

3.Other regular debit payment operations stipulated by the People's Bank of China.

6) Real-time debit business:

It refers to the business initiated by the beneficiary bank on behalf of the payee and debits the confirmed funds to the designated payer's account in real time. Including the following types of business:

1.Personal savings exchange business;

2.Redemption business;

3.real-time tax deduction business of the treasury;

4.Other real-time debit payment services stipulated by the People's Bank of China.

7) Other payment operations stipulated by the People's Bank of China.

For example, for micropayment, you don't need to enter the payment password to pay.

Credit transactions below 50,000 yuan, as well as debit transactions.

The micro-payment system is an important part of the modern payment system of the People's Bank of China, which mainly handles the debit payment business intercepted by paper vouchers in the same city and other cities and the small credit payment business with an amount below the specified starting point (currently tentatively set at 20,000 yuan by the People's Bank of China below the limit), so as to realize the resource sharing of different regions and different bank branches.

According to whether the initiating and receiving participants of the payment business belong to the same city processing center, the business processed by the micropayment system can be divided into intra-city business and non-local business. Intra-city business refers to the payment business between participants belonging to the same city processing center; Off-site business refers to the business that occurs between participants belonging to different urban processing centers.

For the intra-city credit payment business processed by the micropayment system, the payment instruction is initiated from the paying bank and passes through the payment clearing bank, the city processing center, and the collection and clearing bank to the receiving bank; For the remote credit payment business processed by the micropayment system, the payment instruction is initiated from the paying bank and goes through the payment clearing bank, the city processing center of the paying bank, the national processing center, the city processing center of the receiving bank, and the receiving clearing bank, and ends at the receiving bank.

For the intra-city debit payment business processed by the micro-payment system, the payment instruction is initiated from the receiving bank, and after passing through the collection clearing bank, the city processing center, the payment clearing bank and the paying bank, the paying bank will issue the payment receipt information within the prescribed time limit and return to the receiving bank in the original path; For the remote debit payment business processed by the micropayment system, the payment instruction is initiated from the beneficiary bank, and after passing through the receiving clearing bank, the receiving bank's city processing center, the national processing center, the paying bank's city processing center, the paying bank's city processing center, the paying bank's clearing bank, and the paying bank, the paying bank will issue a payment receipt information within the specified time limit and return to the receiving bank through the original path.

Measures for the Handling of Micropayment System Business (Trial Implementation) Notice of the General Office of the People's Bank of China on the issuance of the Measures for the Handling of Microvalue Payment System Business (Trial Implementation), the Business Processing Procedures for Microvalue Payment System (Trial Implementation), and the Measures for the Operation and Management of China's Modern Payment System (Trial Implementation).