Research On Depository System Of Customer Excess Reserves For Third-Party Payment Institutions

Payment institutions,especially engaged in network payment business often deposit payments in commercial banks and provide online payment services based on a customer’s payment account or bank account.Payment institutions customer reserve deposit control system include payment institutions reserve account management,customer reserve deposit control supervision and payment organization network payment clearing mechanism.Customer excess reserves for third-party payment institutions refers to the advance receipt of monetary funds actually received by the payment institutions for the payment business entrusted by the customer.China’s regulatory system for customer excess reserve is not perfect.There are several major problems:First,the problem of non-compliance with bank account management,resulting in violations of the payment institution.The risk of misappropriation and occupation of reserves is outstanding.Second,the deposit reserve supervision of the customer excess reserve has a lack of independence.The bank’s supervision of the payment institution is insufficient,and the information between the banks is not circulated.The payment information verification check mechanism implementation progress is slow.The People’s Bank of China’s customer deposits supervision has problems such as passive supervision,lack of a complete supervision system,lack of dynamic supervision capabilities,and obstacles to remote supervision.The paper starts with the main problems existing in the customer deposit and deposit management,proposes to improve the centralized deposit and deposit management system for customers,and formulates and implements the administrative regulations on the deposit and payment of deposits by customers of payment institutions,making clear provisions on the management of accounts after the centralized storage of the payment agency’s reserve,including funds used by payment institutions to centralize storage accounts using a reserve payment,how the use of funds in a centralized depository account of a reserve differs from the funds of its own account,and abolishes regulation on the payment institutions customer reserve deposit control procedures,establish a dynamic risk identification model,and establish and improve the payment organization clearing platform for payment institutions,clarify the business scope of the network platform,including the type of payment business for the provision of funds clearing services due to the networking platform as well as whether the platform provide funds clearing service for the network payment business of foreign payment institutions is not clear,and add automatic risk monitoring functions to the platform.