Xinhua News Agency, Beijing, February 22, 2019 Title: What is the impact of the new personal operation collection code on you and me from March? The authoritative interpretation is coming!
Xinhua News Agency reporter Wu Yu
On the 22nd, the China Payment and Clearing Association, WeChat Pay, and Alipay respectively issued announcements proposing a series of measures to optimize bar code payment, among which the newly established "personal operation collection code" attracted widespread attention.
Can I still use the personal payment code? Who can use the Personal Business Collection Code? Will user costs increase? The reporter exclusively interviewed the relevant person in charge of the China Payment and Clearing Association on the 22nd and made an authoritative interpretation of the hot issues.
The picture shows a citizen scanning the code to pay after buying vegetables at the Yuzhong Street Vegetable Market in Lanzhou City. Photo by Xinhua News Agency reporter Chen Bin
Personal collection codes continue to work
Order pancake fruits at the early stall, scan the QR code to pay the two-dimensional code of the stall owner's plastic seal; buy vegetables in the vegetable market, scan the "code card" to pay; find the favorite object in the night market, scan the QR code to pay through the QR code printed by the vendor...
From March 1, for consumers, these familiar payment experiences have not changed, and QR code collections can still meet payment needs. The difference is that in the background of payment institutions, some merchants will switch from the previous personal collection code to the personal operation collection code or the merchant collection code.
In October last year, the People's Bank of China issued the Notice of the People's Bank of Chinese china on Strengthening the Management of Payment Acceptance Terminals and Related Businesses, which put forward a series of management requirements for payment of receipt barcodes, which will be implemented from March 1 this year. According to the relevant requirements, users who "have obvious characteristics of business activities" apply to be converted to commercial collection codes through collection service institutions (such as WeChat, Alipay, etc.).
In accordance with the relevant regulations of the People's Bank of China, the Payment Association has put forward industry self-discipline suggestions, set up a special "personal operation collection code", and WeChat Pay and Alipay will provide personal collection code upgrade invitation services from March 1.
What are the benefits of using a personal business payout code? The relevant person in charge of the payment association told reporters that on the one hand, the personal operation collection code can accept credit card payment, and can also obtain value-added services such as account management, transaction reconciliation, and specific marketing. On the other hand, the personal operation collection code can also better realize the prevention and control of transaction risks and more effectively protect the safety of user funds.
Alipay announced that after the upgrade, users' original rights and interests such as free money collection and free withdrawal will continue to be enjoyed, and they will also enjoy higher rights and interests such as "dare to collect and dare to lose" protection quota. WeChat Pay said that it can provide services such as operating ledgers and business analysis.
The picture shows a passenger on the G8516 train in the Chongqing passenger section using a mobile phone to scan the code to pay for drinking water. Photo by Xinhua News Agency reporter Liu Liu
Which users can create a new personal business collection code?
As March approaches, many stall owners and vendors are particularly concerned about whether they need to transcode. The payment association announcement clearly states that users can freely choose to use the newly created personal business collection code.
In other words, whether the user has set up a new personal operation collection code is up to him. The relevant person in charge of the payment association said that users with obvious business activity characteristics are encouraged and guided to use personal operation collection codes, but it is by no means mandatory "one-size-fits-all", and the vast majority of users are not affected, especially the township residents who sporadically sell their own seasonal agricultural and sideline products or their own handmade small commodities, urban street vendors and other users are basically unaffected.
The announcement of WeChat Pay said that after March 1, combined with the user's collection situation, invitations will be issued successively through WeChat collection assistant message notification and other means, and personal business collection codes will be provided if the user voluntarily. Alipay also said that it will issue a personal collection code upgrade invitation to users in combination with the user's collection characteristics.
If you do not want to apply for a personal business collection code, the existing personal collection code is not unusable. WeChat Pay and Alipay also said that after March 1, regardless of whether it is upgraded, personal collection codes can continue to be used.
Does using a personal business collection code increase costs?
After the notice was issued in October last year, the relevant people of the People's Bank of China clearly proposed to formulate supporting service solutions to ensure that service costs do not rise and service quality does not decrease.
The announcement of the payment association proposes that the service is not reduced, the experience remains unchanged, and the coding process is free. In this regard, Alipay said that the upgrade process is completely free; WeChat Pay proposes that users can receive material code plates for free.
According to the relevant person in charge of the payment association, fully considering the actual situation of customers such as mobile vendors, for small and micro merchants and individual operators who apply for personal business collection codes, in accordance with the principle of "low is not high", refer to the standard charges of personal collection codes to reduce the financial costs of merchants.
Some people are worried that the procedures for applying for a personal business collection code are cumbersome. According to the relevant person in charge of the payment association, the payment institution will streamline the submitted materials in accordance with the principle of minimum and necessity, and submit them mainly through online means. Some individual merchants only need to provide personal information, store avatars or booth photos.
Manage the collection code to guard the people's "money bag"
At present, the hidden risks of personal collection codes cannot be ignored. The introduction of relevant requirements is precisely to strengthen industry management, plug loopholes, cut off illegal chains, and better protect the safety of individual merchants' funds.
The central bank previously proposed that for personal dynamic collection barcodes saved through screenshots, downloads, etc., it should be clear that reference should be made to the implementation of personal static collection barcodes related to transaction limits and prohibitions on remote non-face-to-face collection.
Some people are worried that some reasonable remote collection needs will be affected, such as teachers using personal collection codes in parent groups to collect fees. The relevant person in charge of the payment association said that Alipay and WeChat Pay can implement whitelist management for users with legitimate and reasonable needs, and support remote collection functions.
Recently, some users have reported that some people have carried out fraud under the banners of "personal collection code upgrade" and "replacement code card". The announcement of the Payment Association reminds member units to smooth the channels, strengthen communication and explanation with users, and avoid criminals taking advantage of the opportunity to defraud. Alipay and WeChat Pay also remind users that if there are relevant people to promote, please beware of fraud.
Source: Xinhua Net