The Impact Of The2nd Payment System On G Commercial Banks And Countermeasure Analysis

Payment system is an important infrastructure to support social economic development and financial operation and one of the main functions of modern financial service system. Payment and clearing system, as the artery of national economy and social fund flow. It plays a vital role in smoothening market deals, reducing currency use, maintaining market order, regulating accounts settlement, preventing payment risks, accelerating capital turnover, conducting currency policies, strengthening the organic relation between financial markets, promoting the innovation of financial tools, improving the efficiency of resource distribution, and cracking down on money laundering, debt escaping, load escaping and corruption. Creating secure and effective payment and clearing system helps to promote the effective operation of various payment and clearing tools and maintain the security and stability of financial system through controlling systematic risks.Through decades of efforts, our construction of clearing and payment system has begun to take shape with the formation of the structure of Chinese payment system centered on Chinese payment system (including payment system in large amount and small amount) based on internal fund remittance and transfer system in commercial banks with shared existence of all the local clearing systems. Besides, we have created a payment and clearing system composed mainly of "draft, cashier’s check, check and credit card" and developed credit payment tools. With the constant development of modern technology, payment tools such as online payment and third-payment has been electronized and the payment system has been improved constantly. Up to now, the payment system has covered the application of nearly all the payment tools and provided an important channel for the rapid operation of social capital.With the rapid development of Chinese social economy and the constantly increasing economic scale, recent years has witnessed profound changes in the business operation and management system of commercial banks, which brings many new and harder challenges to the payment and clearing system of central bank. In order to adapt to new development demands, People’s Bank of China has officially conducted the construction of The2nd payment system. The system will provide commercial banks with more flexible inserting methods, more complete floating risk management, more convenient network of online banks, more global professional technology standards and stronger data digging function. The construction of The2nd payment system will play a positive role in meeting the payment demands of social economy, and promoting quick and sound development of economy and finance. Commercial banks, as the center of finance, play a vital role in the financial system. Clearing and payment is a traditional business of commercial banks. The credit and survival of commercial banks depends on legal and smooth operation of it, witch can further influence the stability of finance.The thesis analyzed the current development of payment system at home and abroad from the perspective of the overall structure of Chinese payment system. Illustrated by a commercial bank, the thesis gave a specific analysis to the current situation of the payment system of Bank G. Focused on problems during the development of payment system, it analyzed the advantages, disadvantages, opportunities and challenges brought by The2nd payment system to Bank G, its measures in reply and put forward personal advice on the development of The2nd payment system so that we can give more consideration to the relevance of business concerned in the development of Chinese payment system to improve the efficiency of the system. Commercial banks ought to properly view the changes in payment and clearing system in the aftermath of the appearance of The2nd payment system. They are supposed to positively face the challenge and make proper plans and arrangements to adapt to the construction of modern payment system in the new situation.