When will the new barcode payment regulations come into effect?

The news said that it will be implemented from April 1, and is it the new rule that will require a handling fee for daily payments of more than 500?

Legal analysis: After March 1, 2022, there are two changes in the collection and payment code: First, the central orange manuscript bank has standardized the personal collection code used to operate Yuandouxiao, which further protects the rights and interests of ordinary users. Because the vendor wants to register the merchant collection code, it will inevitably ask the vendor to provide a certain sales qualification.

Second, the personal payment code cannot be used to collect money remotely. Prevent some criminals from taking advantage of this loophole to collect money and harm the rights and interests of ordinary users. Legal basis:

Circular of the People's Bank of China on Strengthening the Management of Payment Acceptance Terminals and Related Businesses" For individuals with obvious characteristics of business activities, barcode payment and collection service institutions shall provide special merchant collection barcodes for them, and refer to the implementation of relevant management regulations of special merchants, and shall not provide them with collection services related to business activities through personal collection barcodes.

Banks and payment institutions shall comply with the relevant technical standards and norms issued by the People's Bank of China to ensure the transaction security and information security of barcode payment business.

Legal basis: Barcode payment business specification (trial).

Article 13 Where a payment institution sends a payment instruction to the customer's bank account and deducts the funds from the customer's bank account, the provisions of Article 12 shall apply to the cumulative daily transaction limit of all the customer's bank accounts.

Article 14 Where banks and payment institutions provide payment scanning services, they shall have differentiated risk control measures and a sound mechanism for resolving damage to customer rights and interests, and clearly remind customers of payment risks in core business processes such as bar code generation, reading, and payment, so as to effectively prevent criminals from causing customer information leakage and capital loss by implanting Trojan horses and viruses in the bar code.

Article 15 Banks and payment institutions that provide collection scanning services shall use dynamic barcodes, set the validity period of barcodes, the number of uses, etc., to prevent barcodes from being reused and lead to repeated deductions, and ensure that the barcodes are true and effective.

According to the regulations of the central bank, the cumulative transaction amount of a single bank account or all payment accounts and quick payment of the same customer should not exceed 500 yuan for static barcode payment. Seeing this regulation, the first reaction of some consumers is to complain that the limit is too low: "In the future, the daily payment of scanning the code cannot exceed 500 yuan, which is really not enough?"

In fact, this is a misconception among everyone.

News with pictures. Industry insiders pointed out that the 500 yuan limit is mainly limited by the use of static street vendors, most of the scan code payment, especially the larger amount of consumption or use dynamic code, that is, merchants use code scanning guns to scan the dynamic on consumers' mobile phones. Judging from the past consumption data, the limit of 500 yuan also fully meets the needs of the vast majority of consumers.

News with pictures. There will be rules to follow for scanning and paying from April 1. At the end of last year, the People's Bank of China issued the Notice of the People's Bank of China on Printing and Distributing Barcode Payment Business Specifications (Trial), which accompanied the issuance of the Technical Specifications for Barcode Payment Security (Trial) and the Technical Specifications for Barcode Payment and Payment Acceptance Terminals (Trial), which came into effect on April 1, 2018.

According to reports, the People's Bank of China recently issued the "Barcode Payment Security Technical Specification (Trial)" and "Barcode Payment Acceptance Terminal Technical Royal Number Specification (Trial)", which will be implemented from April 1, 2018, and then Alipay expressed its agreement with the central bank's specifications, and actively develops new technologies and explores the feasibility of new technologies applied to the field of barcode payment.

It is reported that Alipay responded that in recent years, under the guidance and support of the People's Bank of China and various regulatory departments, China's mobile payment has developed rapidly, ranking first in the world. Mobile payment has become one of China's "four new inventions" in the new era, playing an active role in serving public life, promoting inclusive finance, improving people's quality of life, and serving the real economy.

These achievements are inseparable from the tolerance and support of regulators for innovation, and Alipay agrees with the central bank's efforts to standardize barcode payment and mobile payment. For the relevant content of this specification, we will continue to collect the actual needs of users and merchants, and work with the industry and regulatory authorities to continue to actively develop new technologies and explore the feasibility of new technologies applied to the field of barcode payment.

Continuous innovation on the basis of standardization and security is the development principle of Alipay. In the future, we will continue to explore and use technological innovation to solve the problem of unbalanced and inadequate development according to the spirit of the document, and continue to work hard for a better life for small and micro enterprises and the general public!

I hope that relevant institutions can actively comply with the new regulations of the central bank!