In terms of the providers of online payment, besides commercial banks and subordinate institutions of the central bank (e.g. bank card information exchange), many non-bank financial institutions are also involved in the providers of online payment services.
In terms of the development of online payment business, banks providing online payment services have intervened in B2C, B2B e-commerce. In B2C e-commerce, banks provide payment and settlement services for individual users through cooperation with B2C e-commerce platform providers; in B2B e-commerce, banks' support for B2B settlement business has evolved from simply providing corporate users with online
In B2B e-commerce, banks' support for B2B settlement business hasonline payment processors developed from simply providing online transfer settlement services for enterprise users to intervening in enterprises' procurement and distribution systems, and the means of payment settlement has also developed from simple transfer function to online letter of credit services combined with comprehensive credit lines for enterprises. From the perspective of B2C online payment technology, SSL-based payment system is the mainstream form of online payment, while the development of SET-based online payment is relatively slow. China Merchants Bank provides both SSL-based small online payment and unlimited payment based on digital certificate, and the development form is good.
In general, it seems that China's bank online payment system is still in the initial stage of development, and there are still many problems: most banks are unable to provide nationwide networked online payment services; multi purpose steam mopin the process of realizing the transformation from traditional payment system to online payment system, there is a lack of cooperation among banks, each bank works separately, no large-scale payment gateway has been formed, and the coverage of online payment settlement system is small; the standard of online payment business is poor and Data transmission and processing standards are not uniform; the legal framework of online banking needs to be improved and perfected, etc. In addition, the development of China's online payment system is also restricted by factors such as the social credit system. Credit is one of the key prerequisites for the development of e-commerce. However, from the current situation of China's credit system, the overall credit system of society is not sound enough, which seriously affects the market players' awareness of e-commerce security; at the same time, the constraints of underdeveloped basic communication facilities and low degree of enterprise informationization, the development of online payment system can be said to be a long way to go.
However, we should see that, corresponding to the current situation of e-commerce development in China, the payment system can basically meet the real needs in B2C. Although the bank payment system is the key support for e-commerce development, the role played by banks is still only an intermediary organization providing settlement services. Many policies, regulations and standards have not yet been formulated, and the social credit system is still intact, so it is unrealistic to expect banks to take the risk of setting up a perfect online settlement system ahead of time.
Second, in the short term, although technical standards, certification centers and payment gateways are still constrained by the establishment of the online payment system. However, with the development of e-commerce and online banking in China, leading enterprises (banks) resulting from the role of market selection will arise, and the authority of industry standards set by these leading enterprises will gradually be established. In this case, cross-certification among enterprises will strengthen the construction and development of online payment systems. Finally, after further selection and testing by the market, the few enterprises with vitality and authority will develop a unified technical standard through negotiation and consultation.
Thirdly, the Central Bank is taking a positive attitude to promote the development of online payment business together with the national legislature, and the administrative measures for online banking business will be introduced soon, and the relevant legal framework for online payment is gradually taking shape, which will further promote the development of online payment settlement system.
Fourth, to finally build a perfect online payment system to support mature e-commerce operation, the banking industry has to realize the completion of a nationwide inter-bank network clearing system. Commercial banks in China are actively accelerating the construction of their own online payment and settlement systems, and it is foreseeable that in the near future, a Chinese online payment system will be built to effectively support the development of e-commerce.
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