Impact Of Third-party Payment On Traditional Business Of Commercial Bank

With the development of Internet technology,the third party payment mode becomes more and more convenient,whereas the settlement system of commercial bank falls behind,therefore,traditional commercial banks are suffering a negative impact from the third-party payment system.Especially the popularization of mobile Internet,such mobile payment as WeChat,Ali-pay,these convenient cardless payment service through the third party payment platform and terminal mobile phone which can complete payment of consumption and investment etc.,put great pressure on traditional financial services of commercial banks.Time flies,technology develops.Internet payment services ecosystem gradually sinks in daily life,provides 24-7 convenient payment services.The rise of the third party payment,which leads to the falling-down of the traditional business from commercial bank,prompts commercial banks into an new era that no longer limited to on-site financial service mode and pos mode,which takes banking industry to a new and comprehensive opening for the Internet age.Therefore,research of commercial bank on how to deal with the impact of the third party payment service,and seek breakthrough in difficulties,seize the opportunity,try to look for the effective method to comprehensively promote on competitiveness of the bank settlement system,has the very good practical significance.This paper introduces the definition of bank settlement system and classification of settlement system,the work-mode of the third-party payment system,and elucidates the impact from the third-party payment system on traditional settlement system of banks based on examples,and analyses the facing problems of traditional financial system,finally comes to conclusion to these problems.Studies show that,in different fields,as the third-party payment service coming in,the traditional channel,settlement system,customer service and derivative financial of commercial banks still carry both advantages and disadvantages,and embrace the comprehensive new space of both sides.This paper also tries to analyze the competitive relationship between the third-party payment service and traditional commercial bank payment service,by taking modern situation of A bank's payment service system and settlement system of Q hospital as an example.Finally it concludes the maximum-benefit mode by combining traditional bank payment system and third-party payment system,and leads to a strategic cooperation of both sides.Meanwhile,as to the problems and difficulties of the cooperation between A bank and Q hospital in Wenzhou,this article makes several suggestions and author's own opinion on marketing mode,deal with advantages and disadvantages,construction of service team and future direction and mode of marketing,therefore,provides the experience and suggestiong for reference from the example.