What is the registration process for electronic payments?

1) Order Of course, you have to place an order to buy something, otherwise the other party doesn't know what you want to buy.

The same is true for transactions in electronic payment, first place an order in the network, the school will enter the computer purchase quantity, graphics card, sound card model and other information on the computer, of course, the delivery time and place of this important information, the two parties will definitely value each other

2) Negotiation According to the book, it is divided into two aspects, on the one hand, the first business requires the school to confirm the accuracy of the information, the model of the computer is often easy to make mistakes, a small number error may lead to the difference of the first day, on the other hand, the first business asks the school whether the information is modified, maybe the school for the performance of the host is better, will configure the host to be particularly excellent, so it is very clear, the negotiation includes: the confirmation of the accuracy of the information, whether the information needs to change to make a choice

3) After the two parties confirm the information in the order, the school begins to choose the payment method (for example, we have also seen it when buying Q coins, and it is required to choose the payment method), the school will definitely choose the online payment method, because it is a large amount of transactions, online payment is more convenient, and the e-commerce database (+; 4%81-!55'51$ to issue payment instructions, at this time the school will consider the security of the transaction, after all, it is the purchase of a large number of computers, if the account information and other information is leaked, it is not good, so set (electronic secure transaction protocol) began to intervene, it uses signature technology to protect the security of the consumer's account information, and the account information is not known by the merchant

4) Review Since the order and payment instructions are encrypted by the school with signature technology, the first business must find an institution to unravel the encrypted information to confirm whether the information is complete, so through the payment gateway (a group of servers connected to the Internet and the banking network), the information enters the acquiring bank, and then to the electronic money company, which is the card-issuing bank in the figure, they can confirm the security and integrity of the information, this is the process of auditing, ** store through the information through the payment gateway, Enter two banks and they audit them

5) Approval This is easy to understand, if the issuing bank finds that the data is safe and complete after review, it will convey the information to the acquiring bank

6) Confirmation The acquiring bank will convey the confirmation information to the merchant, and the merchant will then send the confirmation information to the school, so that the school can also understand the feasibility of the transaction

7) The school will receive dozens of excellent computers to replace the rubbishcomputers that are not played by people at all, and finally the merchants will ask the acquiring bank or the issuing bank to transfer the funds from the school to the company's account.

Supplement: Authentication At every step of the operation, consumers, stores, and payment gateways verify the identity of the subject of the communication through a CA certification authority to ensure that the other party communicating is not an impostor.

The main process of electronic payment is as follows:

1. The payment process includes: the initiation of payment, the exchange and clearing of payment instructions, and the settlement of payment; Potato State.

2. Clearing refers to the processing of sending, matching and confirming payment instructions before settlement, and may also include the netting of instructions;

3. Netting refers to the hedging of various balances or liabilities between trading partners or participants to produce the final balance of settlement;

4. Settlement refers to the repayment of debts related to payment transactions by two or more parties;

5. Clearing and settlement are different processes, and the purpose of clearing is settlement. However, in some financial systems, there is no strict distinction between clearing and settlement, or clearing and settlement occur at the same time.

Legal basisArticle 53 of the E-Commerce Law of the People's Republic of China.

The parties to the 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 and transaction records for the last three years free of charge.

Electronic payment refers to the use of secure electronic means between consumers, merchants and financial institutions to securely transmit payment information to banks or corresponding processing institutions through information networks, and is used to realize monetary payment or capital circulation. Payment form: 1. Online payment, 2. ** payment, 3. Mobile payment.

Online payment is a form of electronic payment. Online payment is a financial exchange between buyers and sellers based on the Internet and using a digital financial instrument supported by banks.

**Payment is a basic offline form of electronic payment, which refers to the way that consumers can directly complete the payment from their personal bank accounts through the banking system using **or other similar terminal equipment.

Mobile payment is a new type of payment method that uses YTO mobile devices to complete payment behavior through wireless means.

The so-called electronic payment refers to the payment or capital flow carried out by the parties engaged in e-commerce transactions, including consumers, manufacturers and financial institutions, through the Yusong information network, using the information transmission means of Ampere Yuanquan, and using digital means. Compared with traditional payment methods, electronic payment has the following characteristics: electronic payment uses advanced technology to complete information transmission through digital circulation, and its various payment methods are paid in a digital way; The traditional payment method is to complete the payment through the circulation of cash, the transfer of bills and the exchange of banks.

The working environment of electronic payments is based on an open system platform (i.e., the Internet); Traditional payments, on the other hand, operate in a more closed system. Electronic payments use the most advanced means of communication, such as the Internet, extranets; Traditional payments, on the other hand, use traditional communication mediums. Electronic payment has high requirements for software and hardware facilities, and generally requires networked microcomputers, related software and other supporting facilities; Traditional payments, on the other hand, do not have such high requirements.

Electronic payment has the advantages of convenience, speed, efficiency and economy. As long as the user has a PC with Internet access, he can complete the entire payment process in a very short time without leaving home. The payment fee is equivalent to only a few tenths or even a few hundredths of a traditional payment.

1) Consumers use their own computers or mobile terminal devices to select the items to be purchased through the Internet.

The data flow of the payment system can be divided into two modes based on the merchant ** and non-merchant **, the system adopts the non-merchant ** model based on the current e-commerce transaction in China, from the customer initiates the purchase request to the customer receives the goods, the merchant receives the funds, and the entire transaction process needs to go through the following payment process:

1. The user browses e-commerce**, selects the product he likes, and makes a purchase request to the merchant.

2. The merchant will digitally sign the order after being verified by the user and submit it to the payment system.

3. The payment gateway calls the payment interface and asks the user to fill in the account information.

4. The user encrypts the account information with the public key of the payment gateway of the payment system and transmits it to the payment gateway of the payment system;

5. The payment gateway of the payment system checks the account information provided by the user for data conversion, and sends it to the financial institution through the financial network or special line, requiring the verification of the user's account information.

6. The financial institution will pass the results of the verification and the information used by the user for payment confirmation to the payment system.

7. The payment system will transmit the user's payment confirmation information from the financial institution to the payment confirmation system and request payment confirmation.

8. After receiving the information required for confirmation, the payment confirmation system will pre-process the payment confirmation, and then notify the user (real-time confirmation, time-sharing confirmation) according to the pre-selected confirmation method for confirmation.

9. The user fills in the corresponding confirmation information according to the selected confirmation method, and submits it to the payment confirmation system after filling it out.

10. The payment confirmation system compares the payment confirmation information submitted by the financial institution and the user, and if it is consistent, the next step of the confirmation will be carried out, otherwise an error will be returned, and the final payment confirmation system will return the confirmation result to the payment gateway of the payment system.

11. Confirm the success and inform the user by e-mail that his payment request has been approved and the funds have been debited from his account, otherwise inform the user by e-mail that his payment request will not be recognized.

12. If the confirmation is successful, the return result of the digital signature financial institution will be sent to the merchant, and the merchant will be notified of the delivery, otherwise the merchant will be notified of the failure of the transaction;

13. Confirm the success and ask the financial institution to transfer the money.

14. The financial institution returns the digitally signed transfer information to complete the transaction.

Alipay, mobile online banking, credit cards, Anfutong, yuan, etc.

1. Alipay.

Alipay (China) Network Technology is a leading third-party payment platform in China, committed to providing "simple, safe and fast" payment solutions. Since its establishment in 2004, Alipay has always taken "trust" as the core of its products and services. It has two independent brands, "Alipay" and "Alipay Wallet".

2. Mobile Internet Banking.

Mobile Internet banking is to access online banking through mobile WAP, which is more convenient for users to manage various banking businesses, as a new service that combines electronic money and mobile communication, mobile banking business can not only enable people to handle a variety of financial services at any time and anywhere.

3. Credit card.

A credit card, also known as a credit card. It is a non-cash transaction payment method and is a simple credit service. Credit cards are generally special carrier plastic cards with a length of millimeters, a width of millimeters, and a thickness of 1 millimeter with consumer credit.

4. Anfutong.

Anpay is a third-party payment system provided by eBay for online shopping, which is a payment method provided by eBay in conjunction with Industrial and Commercial Bank of China, China Construction Bank, China Merchants Bank and UnionPay electronic payment services**** to facilitate secure online transactions.

5. Dollars. Fast Money is a leading information-based financial service institution in China, committed to using information technology and disruptive innovative thinking to lower the threshold of financial services, improve the efficiency of financial services, so that thousands of Chinese enterprises can equally enjoy the opportunity of efficient financial services, so as to accelerate the development of enterprises.