Research On Consumer Data Protection System In Third-party Payment Platform

Different from traditional transactions where payment only involves two parties,third-party payment refers to a third-party payment platform other than the bank and the user,which connects with the bank on the premise of credit and capital protection to provide payment and settlement services for transactions between the user and the merchant.In the process of online transactions,the third-party payment platform establishes a transitional virtual account to make the flow of funds between the two parties controllable and solve the problem of distrust between the buyer and the seller.Because of the security,credit,convenience and economy of third-party payment platforms,third-party payment has become the main means of social payment for consumers in China.With the advent of the era of big data,consumer data has become a resource of great commercial value and economic benefits while bearing the personality rights and interests.The third-party payment has been developing rapidly in China for more than ten years,which is convenient for many consumers.At the same time,due to its high dissemination,liquidity and risk,consumers are faced with such risks as illegal collection.However,there are some problems in the consumer data protection in the field of third-party payment in China,such as scattered legislation system,inadequate supervision,lack of industry self-discipline mechanism and insufficient remedy mechanism.In addition,the third-party payment runs in a special network virtual environment,which makes the traditional "information asymmetry" problem more obvious,and the lack of legal system for consumer data protection on the third-party payment platform urgently needs to be solved.Taking the protection of consumers’ data rights of third-party payment platforms as a foothold,it is necessary to first confirm consumers’ data rights,make clear the boundary between consumers’ data rights and those of third-party payment platforms,and balance the conflicts between the protection of consumers’ data rights and the data circulation of third-party payment platforms.Under the guidance of paying equal attention to the development of the industry and the protection of rights,balancing the information asymmetry,and the principle of data property rights and ensuring the free flow of data,we should accelerate the special legislative process,fully elaborate existing laws and regulations,and form a "unified,divided and combined" legislative protection mode for consumer data in third-party payment.At the same time,the specific right relief system should be improved,the administrative supervision of the third-party payment industry should be strictly enforced,the self-discipline of the third-party payment industry should be brought into full play,the awareness of data rights of the third-party payment industry and consumers should be improved,so as to achieve the actual effect of protecting the data rights of consumers of the third-party payment platform.