The Research On Risk Monitoring For China's Electronic Payment

With the emergence of electronic payments, people break through the limitations of time and space and carry on e-commerce transactions freely. As an important means of supporting e-commerce, e-payment is becoming what people concern. Compared with the industry at abroad, the development of China's electronic payments is not yet ripe. The electronic payment system is lagging behind, resulting in a number of risks facing the electronic payments, so it is particularly important to supervise risks arising from electronic payments today.In the electronic payment industry in China, the risks are generally divided into the basic risk, legal risk, operational risk and other risks. The main reason causing risks is that the electronic payment legislation is incomplete in China. The supervision of the electronic payment platform on behalf of third-party payment agencies stays undetected, including the banking system of internal control and so on.Combining the causes of risks of electronic payments, e-payment risk-based supervision should start the improvement of legislative system, keep on learning foreign experience and domestic innovation in the legislation, coordinate the existing legal systems, institutions and rules, combine the guiding principles of gradual improvement and division after gathering and put stress on the respects of the customer access system, electronic payment rights and obligations of the parties, online banking norms and so on. Third-party payments can not be ignored in electronic payments, and a large number of third-party payments business claim China Banking Regulatory Commission should strengthen the risk-based supervision. The supervision of risks arising from third-party payment agencies in terms of defending consumers'financial security and building a secure electronic payment industry chain is the necessary condition of the fast and healthy development of the electronic payment business. At present the main e-payments are taken on by commercial banks, therefore, electronic payment regulation should start with three aspects, namely, coordination of bank electronic payments for international and domestic regulation, strengthening the bank's internal operational risk control, and improving bank information disclosure system. Needless to say, the effective supervision of risks of electronic payment needs multi-angle and all-round consideration, as well as the accumulation of time and experience.