With the popularity of smartphones and the shift in payment concepts, the trend of “de-cash†consumption payments has become more and more obvious. Many young people will subconsciously take out mobile phone payments when they consume, and it is a habit of this part of people to go out with only mobile phones without cash.
In the face of the huge mobile payment market, the banking industry is also active. Recently, ICBC's two-dimensional code payment was launched, indicating that the bank was once again applying the QR code application scene after the two-dimensional code was withdrawn, and the two-dimensional code payment market monopolized by the third-party payment institution ushered in the rival.
Banking Department once again "strives" the QR code payment market
When shopping in the supermarket, the front customer takes out the mobile phone to open the payment interface, and the cashier holds the machine to complete the payment. After eating at the snack bar, the customer takes out the mobile phone and scans the QR code of the front desk to complete a transaction... Many people in urban life have seen such a sight. It is not difficult to find that whether it is active scanning or scanning code, QR code payment has penetrated into the daily life of most people. ,
Affected by the habit of payment, many people said that the first reaction to scan code is a third party such as Alipay. In fact, the banking industry has been involved in the QR code payment market for several years, and many banks such as Minsheng, CITIC, and Pufa have launched two-dimensional code payment products. However, for security reasons, the bank did not get involved again after being stopped by the central bank in March 2014.
However, in recent years, the rapid development of electronic payment has been ushered in. Recently, China Internet Network Information Center (CNNIC) released the 38th "Statistical Report on the Development of China's Internet Network". According to the report, as of June 2016, the number of users using online payment in China reached 455 million, an increase of 38.57 million compared with the end of 2015, with a growth rate of 9.3%. The scale of mobile payment users grew rapidly, reaching 424 million, with a half-year growth rate of 18.7. %. Under this circumstance, the banking industry continues to enrich the mobile payment business and compete for market share.
In July, ICBC issued a high-profile two-dimensional code payment business, which was regarded as a clarion call for the banking industry to “blow†the QR code. It is understood that the two-dimensional code payment service launched by ICBC covers the online and offline and O2O payment scenarios through a simple “sweepingâ€, seamlessly linking merchants and customers, greatly improving the efficiency and convenience of payment. At the same time, the product not only has all the functions of the current mainstream scanning code products, but also uses the leading token technology of the International Clearing Organization to mutate the card number for the first time, which can effectively protect customer funds and information security. At present, this QR code payment product only supports ICBC cards, and will gradually support bank cards of other commercial banks in the future.
Is the banking industry restarting the QR code payment service approved by the regulatory authorities? It is understood that not long ago, the central bank took the lead in the China Payment and Clearing Association issued the "Bar Code Payment Service Specification (Draft for Comment)", this document is intended to regulate the offline QR code payment business operations, which means that they are streaking two Years later, the central bank finally recognized the status of QR code payment.
Withdrawal new game method to scan QR code withdrawal free appointment
With the popularity of mobile banking, banks have launched online reservations and withdrawals. Users only need to make reservations through mobile banking and keep the withdrawal code. It is very convenient to arrive at the ATM machine at the appointed time and easily complete the card-free withdrawal. This feature has also been loved by many “Ma Daha†users once it is online.
Recently, the bank's card-free cash withdrawal function has been upgraded again. In addition to mobile banking reservations, the mobile phone can scan the QR code on the ATM machine to complete the withdrawal.
The author has learned that many banks such as ICBC, China Construction Bank and China Merchants Bank have launched the scanning code withdrawal function. "Two-dimensional code withdrawal business is to generate a QR code on the ATM. You can log in to the mobile bank to scan the QR code, specify the card number and amount, and enter the withdrawal password on the ATM to complete the withdrawal." Merchants Bank customer service introduced.
It is not difficult to find that the two-dimensional code withdrawal business has once again streamlined the withdrawal process compared with the mobile banking no card reservation cash withdrawal service. If there is no card reservation, you must first reserve the withdrawal amount through mobile banking, then enter the reservation code at the nearby bank outlet, and the scan code withdrawal eliminates the manual entry of the reservation code.
At the same time, in order to protect the user's account security, the bank also set some terms for the scanning code business. For example, the two-dimensional code withdrawal of the recruitment behavior sets the upper limit of the quota of 3,000 yuan for a single-day single card; ICBC users need to open the “ICBC e-payment†function to use the QR code withdrawal service, and the maximum amount of the scanned code is 5,000 yuan per day. In the actual processing, the cash withdrawal amount is also limited by the customer's artificial silver e payment transaction limit and other conditions.
In addition, some banks have stipulated that when ATM generates a two-dimensional code, it needs to complete the withdrawal within 150 seconds. If the time-out causes the two-dimensional code to fail, it is necessary to re-generate the two-dimensional code on the ATM. When the cash withdrawal exceeds 500 yuan, the system will send the SMS verification code to the cardholder's mobile phone. The cardholder needs to input the SMS verification code to verify the withdrawal.
The bulls are competing for the mobile financial market.
Due to the pre-emptiveness of third-party payment institutions such as Alipay and WeChat, many people are accustomed to using such apps for consumer payment, which also has a certain impact on the traditional financial industry. In the face of the increasingly hot mobile financial market, the banking industry is also actively seeking innovation, and the banking department's re-occupation of the two-dimensional code financial application is a microcosm of its multi-party initiatives.
In fact, the bank has been walking on the road to mobile finance, and the mobile payment method is also constantly advanced, gradually adapting to the user's payment habits and needs. The two-dimensional code financial application and the previous cloud flash payment and various types of Pay prove the determination of the banking department to force mobile finance.
It is understood that the "flash payment" introduced by the bank first appeared on the UnionPay card. On the POS machine that supports the flash payment function, the bank card for "flash payment" is opened without a password, and it can be "payable". At the end of last year, the “Flash Pay†function was upgraded again. UnionPay launched “Cloud Flash Pay†with more than 20 mainstream banks in China. UnionPay cardholders can add UnionPay cards to mobile devices with cloud flash payment function. Pay directly through the mobile phone when paying the bill.
In 2016, the emergence of Apple Payments, Samsung Payments, and Huawei Payments once again enriched the bank's mobile payment method. On the basis of “Cloud Flash Paymentâ€, users added UnionPay cards to mobile phones and generated a virtual bank card, and then paid. You can easily complete the payment simply by swiping your phone.
In addition, the parties also provide a lot of technical support in the security of mobile payment that users are most concerned about. For example, the bank's “flash payment†method, with innovative technology, brings multiple security guarantees such as dynamic key and cloud authentication, and does not display the real card number when paying, which can effectively protect the cardholder's privacy and pay sensitive information.
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