Prior to this, the central bank officially issued the "Notice of the People's Bank of China on regulating payment innovation business". In this new regulation, for the first time, it was recognized from the official documents that some small and micro-businesses without business licenses can handle POS machines and other acquiring products. . The regulations are as follows:
Standardize the management of small and micro merchants' acquiring business
For entity-specific merchants (small and micro-businesses) who are exempt from industrial and commercial registration in accordance with laws, regulations and relevant regulatory requirements, the acquiring institution may, after complying with the principle of “know your customerâ€, review the identity documents of the principal responsible person of the merchant. And the supporting documents provide the acquiring service for them. Auxiliary supporting materials include, but are not limited to, business premises lease agreements or property rights certificates, and certification documents issued by the management of centralized business sites, etc., which reflect the fact that small and micro businesses are actually engaged in commodity or service trading activities.
If the acquiring institution provides the acquiring service for the above-mentioned small and micro merchants, it shall not open the function of accepting the magnetic stripe transaction of the terminal. The acquiring institution shall dynamically adjust the types of bank cards and transaction limits that can be accepted in combination with the risk level of small and micro merchants. The maximum amount of credit card acceptance for all small and micro merchants handled by the same identity card at the same acquiring institution is The daily total is 1,000 yuan, and the monthly total is 10,000 yuan.
The clearing institution shall establish a business rules and management system for small and micro merchants to collect orders, and refine risk management measures such as small and micro merchant access, merchant registration, transaction limits and transaction monitoring.
Interpretation: Previously, the central bank issued the "Notice of the People's Bank of China on Further Strengthening the Risk Management of Bank Cards". The notice clearly requires that the chip magnetic stripe composite magnetic stripe transaction (downgrade transaction) be completely shut down from May 1, 2017. Restrict the management of small businesses and limit the amount of transactions, thus solving the high transaction volume and high risk behavior of small businesses.
It can be seen that the central bank has a clear definition of small and micro merchants, and it is not completely restricted to hand POS and MPOS!
In the next 2018, the author is still full of confidence in the new wave of payment.
Of course, hardship and arduousness are still difficult to avoid! But hope is still...
1. The central bank has issued a new policy to strengthen the regulation of bar code payment, whether it is a limit, a credit card restriction or a policy of restricting unfair competition. Both will usher in new development opportunities for the POS acquiring industry!
2. The online transactions of all payment companies will have to access the network. At that time, the new specifications will inevitably limit the illegal operation, and the scanning code payment industry will be re-introduced;
3, online payment limits and other measures, will greatly stimulate the rapid development of pos machine;
4. Unlicensed payment business will be severely hit. At present, the central bank has already taken action, and next year will be a crucial moment for formal action. As of today, there are dozens of card-free payments that have been shut down for payment channels...
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