Our reporter Li Bing
A few days ago, according to the latest administrative punishment information publicity form of the People's Bank of China, the third party payment licensed company UnionPay Commerce Co., Ltd. (hereinafter referred to as "UnionPay Commerce") was warned and fined 550000 yuan for violating the clearing management regulations. At the same time, another responsible person was warned and fined 50000 yuan for the illegal act.
On May 23, UnionPay Commerce responded to the reporter of Securities Daily that "the comprehensive rectification of the problems involved has been completed."
According to the data, UnionPay Commerce is a large domestic non bank payment institution. Founded in December 2002, it is one of the first payment institutions to obtain the Payment Business License issued by the Central Bank of China. At the same time, it can carry out "cross-border RMB payment business". Its payment license business types include Internet payment, mobile phone payment, bank card receipt, and prepaid card acceptance. The business covers the whole country. The license is valid until May 2026.
According to the reporter, from June 20, 2023 to September 15, 2023, the central bank carried out a special law enforcement inspection on the implementation of bank card acquiring business management regulations by UnionPay Commerce from January 1, 2019 to December 31, 2021, and issued the Notification of Administrative Punishment Opinions of the People's Bank of China Shanghai Branch on May 7, 2024, regarding the "violation of clearing management regulations" of UnionPay Commerce The rectification opinions and suggestions are put forward.
UnionPay Commerce said to the reporter of Securities Daily: "For the problems found in the inspection, our company attaches great importance to them, compares them one by one, and carefully analyzes them. During the inspection, we will complete the comprehensive rectification of the problems involved."
UnionPay Commerce said that it would take this regulatory reform as an opportunity to take the lead in implementing the regulatory requirements of the regulatory authorities, sincerely accept the Central Bank's problem feedback and rectification measures, and draw inferences from one example to ensure that there is no tail left, no hidden dangers left, thorough rectification, actively improve the long-term management mechanism, and continue to earnestly implement various industrial policies and regulations, Strive to be a model of compliant operation in the payment industry.
The latest data shows that by April 2024, the cumulative number of UnionPay commercial service merchants has exceeded 26 million, and the cumulative number of terminals has exceeded 40 million.
Liu Gang, the founder of Payment Industry Network, told the Securities Daily that "UnionPay Commerce, as an old state-owned payment enterprise, has always been at a good level in the industry in terms of overall compliance risk management status, industry classification rating results and other assessments. The supervision will impose strict and fair punishment on its existing shortcomings and problems, which will strongly deter and promote other payment institutions to check against each other, check and fill gaps, thus playing a positive role in promoting the self purification of the entire payment industry. "
On the whole, "strict supervision" is still the key word in the payment industry. According to incomplete statistics by the reporter of Securities Daily, as of May 23, more than 20 tickets had been received by payment institutions this year, and the total amount of fines exceeded 10 million yuan.
For example, according to the administrative punishment publicity information released by the Central Bank, in January, Beijing figures Wangfujing Four licensed payment institutions, including Science and Technology Co., Ltd. and Beijing Qianbaobao Payment Technology Co., Ltd., received a central bank fine for depositing violations of laws and regulations, and a single institution was fined 10000 to 100000 yuan. The reason for the fines of the above four institutions was "violation of account management regulations"; On March 8, Lebrush Technology Co., Ltd. Fujian Branch was fined 27543800 yuan in total for four illegal acts.
From the perspective of comprehensive punishment reasons, violation of clearing management regulations, violation of account management regulations, and failure to perform customer identification obligations as required are the main reasons for being punished. At the same time, some institutions were fined for failing to strictly implement the regulations on the management of special merchants' acquiring bank settlement accounts and providing "T+0" capital settlement services to unqualified special merchants.
The punishment of financial violations in 2023 reported by the Central Bank in March 2024 shows that non bank payment institutions are the key objects of administrative punishment in 2023, involving nine non bank payment institutions, accounting for 69% of the punished institutions. Among all the penalties, the amount of fines imposed in violation of the provisions on payment and settlement management is the largest, and the amount of fines and confiscations accounts for 82.8%. The intensity of "double punishment" has not been reduced. 85% of cases have been punished at the same time for institutions and directly responsible persons. The maximum amount of a single fine imposed on directly responsible persons is 200000 yuan.
Wang Pengbo, a senior analyst in the financial industry of Broadcom Consulting, said to the reporter of Securities Daily: "On the whole, the trend of stricter regulation in the third-party payment industry remains unchanged, and 'double penalties' are the standard configuration of industry tickets. Based on the fines issued by the payment institutions in the previous five months, violation of the relevant management regulations on clearing is one of the important areas of regulatory concern. It is recommended that the payment institutions pay attention to sorting out such business processes, check the deficiencies and fill the gaps, conduct retrospective self-examination against the situation of the institutions whose bids have been punished, take one example as an example, and check whether similar problems exist in similar businesses, strengthen management, and compact responsibilities. "
When the stock market recovers, open an account first! Intelligent fixed investment, condition sheet, individual stock radar... for you>>
Massive information, accurate interpretation, all in Sina Finance APP
Editor in charge: Zhang Wen
