Analysis Of China's Third-party Payment Risk And Control-The Case Of Alipay

In 2001, on the basis of bank card offline charge sheet business, la cara and unionpay began to explore and develop the third party business, and became China's first batch of the third party payment business. After nearly 10 years of tortuous development, now the third party payment business has entered a high-speed development.Booming of Internet payment gradually open the payment enterprise's main service mode. The vigorous development of China's financial sector leads to increased requirements for the safety and efficiency of funds,After several ten years of development, the third-party payment market is increasingly growing. Alipay, zhejiang pay treasure network technology co., LTD. (formerly known as pay treasure (China) network technology co., LTD.) is founded in December 2004 by alibaba.lt is committed to provide a more convenient payment environment and platform.For third-party payment, its quick and security, to a great extent, make up for the insufficiency and flaw of traditional payment. But also precisely because of these "advantage", it needs to face bigger and wider range of potential risks than traditional degree in the operation and development.This paper adopted literature retrieval method, the theoretical analysis and case analysis method combined with the research methods. The risks in the process of development and operation include:credit risk (the buyer's risk of default, the seller's default risk, bank default risk, third-party payment default risk), market risk (customer loss risk, the bank refusing to cooperate risk, competition risk, financial risk), operational risks (money laundering risk, credit card cash out risk, technology risk, legal risk) and other risk (strategic risk, reputational risk).For America, the start time of the third party business is the earliest.After a long time of exploration and practice, the United States developed a more advanced way of regulation, and has great influence in the world. In terms of the current situation, the United States take the third party payment as a branch of financial service industry and as intermediary. America emphasis on the functional regulation of third-party payment mode, especially focus on trading processAnd for our country, the third-party payment mechanism is non-financial institutions and is supervised by the people's bank of China. Our country has issued a lot of rules to monitor third-party payment since 2010.The third-party payment regulation of our country formed the government regulation, internal control and self-discipline of the new regulatory pattern of the trinity,. With the development of third-party payment market, we should improve supervision, promote the enterprise internal control. We should strengthen the government regulation, including perfecting the laws and regulations, strengthening the management of precipitation funds, improveing market access and exit mechanism, strengthen enterprise internal control including credit risk control, market risk control and operational risk control.