The first is the illegal cashing of credit cards. In fact, everyone understands this. At present, many POS machines on the market, especially users of hand-brush machines, are basically individual users. Their POS machines are not used to collect money normally at all. It's used to raise cards. Of course, to be honest, this kind of behavior is definitely illegal in principle. Because credit cards explicitly prohibit all cash-out behaviors. It is aimed at the current social problems of high debt and bad debt rate of credit cards. Most card issuers turn a blind eye to this behavior. As long as it is not overdue, there is basically no problem. However, with the continuous regulation of financial policies by the state, banks may gradually strengthen their management in this area.
Secondly, there will be illegal collection, even stealing credit cards and other illegal and criminal acts, because now many POS machines can be switched between multiple merchants. Relatively speaking, if the above-mentioned criminal acts occur. It will be more difficult for relevant departments to verify. That is, the problems mentioned in document No.85 should be strengthened in safety management. Strengthen the management of real name system. Make the transaction of POS machine collection clearer.
I think you can find the specific content of document No.85 at any time. In order to rectify the financial order, strengthen the safety management of funds and prevent criminals from using these multi-merchant pos machines to carry out illegal and criminal activities, I summarized my views on this issue.
Of course, the biggest impact of this move is definitely the major payment companies. In particular, these payment companies, which mainly use hand-brushing machines, may also have a great impact on some cardholders who are using these multi-merchant POS machines to cash in their cards.
The first shot was fired by "China Payment and Bill Collection Agency", which took the lead in shutting down the function of self-selected merchants. Of course, it is also because China was fined for paying. Subsequently, Credit Suisse Bank and accompanying payment were closed one after another, and all other institutions were closed before 24:00 on 6. 14.
Whatever the reason, the essence is fine. POS machines are supposed to serve merchants. Where do you need more merchants? What's more, cardholders who didn't choose before use it as usual!
The choice of merchants has become a stranger, and we will never have it!
Cardholders should be calm whether they choose by themselves or by plane. The brush should be brushed naturally, which has nothing to do with how to choose, and the mentality cannot be changed.
After the option is closed, the acquiring institutions have launched their own intelligent matching systems. What about those institutions that are in such a hurry to go online? These two days are not very good according to the feedback from cardholders all over the country.
In fact, if you think about it carefully, it is completely understandable. First, colleges and universities urgently started the matching system, and college technicians were not prepared; Second, every time the industry changes, most acquirers will always make a profit.
There is a transition period from independent selection to matching and then to intelligent matching, which is neither too long nor too short. As before, a stable POS machine will naturally be reliable and stable in the future, because intelligent matching is the main competitive means of future institutions.
Personally, I think:
1. In the short term, closing the option will affect the normal card use of cardholders, and payment institutions and employees will also suffer the most.
2. In the long run, closing the option will make the acquiring industry more formal, and it is also a big reshuffle. Taking the essence and removing the dross will also have certain constraints on cardholders' card use.
My personal suggestion:
1, closing the option doesn't mean it's a bad thing. You still need it when you need it.
Don't try to find a machine of your choice. Many people have been cheated these two days.
3. The optional number will be strictly checked until June 5438+00, but please be calm in the future.
4. Don't overuse the card. Credit card is a double-edged sword. You can turn around but remember to be a slave.
5. Smart matching will definitely rise, and changes in the industry do not mean that the industry will disappear.
There are policies on the top and countermeasures on the bottom. This is from the pos machine sold by my circle of friends.
In March this year, the central bank issued the Notice on Further Strengthening the Management of Payment and Settlement to Prevent New Crimes in Telecommunication Networks (Yinfa [2065438+09] No.85), referred to as "Document No.85". Requirements for banks, payment institutions and clearing institutions:
Subsequently, the UnionPay Management Committee issued the Notice on Comprehensive Self-inspection and Rectification of Some Normative Issues before the Dragon Boat Festival in response to the No.85 Document of the Central Bank. This also doomed the industry to usher in a major reshuffle and rectification, and the supervision will rise.
The notice clearly mentioned that it is strictly forbidden to have more than one merchant on one machine. All acquiring institutions should comprehensively investigate and sort out the development of their own acquiring business to ensure the authenticity of trading merchants. It is strictly forbidden to have violations of one machine and multiple vendors, including various derivative means such as end user selection, APP user selection, WeChat official account selection, and coupon selection. Ensure that the rectification is completely completed before June 20 19 and June 20 15, and submit true and accurate transaction data. No one can resist a paper policy, and it is foolish to go upstream!
As the saying goes, there are policies above and countermeasures below! This is not "dispensable". Just after the close, various institutions have launched the "smart matching" function, and the manual gear has been changed to automatic gear. As for whether to shut down permanently, we can only wait and see, and the official will certainly not make it clear. It is understood that this strict investigation will last until 10.
Closing "optional" does not mean the end of the world. Before, when there was no "optional" or even "T+0", everyone was operating well. I think we all know the merchant types of POS agents, but we don't know them here. The credit card amount of these people accounts for most of the total transaction volume, and the probability of rectifying TX across the board is extremely low. There are many factors in this, and it can only be said that it will improve little by little. I believe that it will definitely be a benign market in the end, but this time is slow.
To put it simply, the "smart matching" function means that according to the amount and time of your credit card, the system will automatically help you match the right merchant, from the previous manual file to the current automatic file. But now the tables of various institutions are not ideal, and the quality of merchants needs to be improved. 10000 yuan to eat mutton, more than 6000 yuan to get a haircut, and so on. It's not good.
However, catching up with the line will definitely give technicians some time to adapt and solve related logical problems. Next, "smart matching" is a sharp weapon for payment companies to compete. Any company that does not do well may be eliminated, so we still have reason to expect "smart matching".
Generally speaking, this must be a local area. Although this is not guaranteed to be 100%, I believe that the cross-regional jump zone does not exist. At the beginning of the article, it is also mentioned that many payment companies have also issued notices prohibiting the use of mobile phones in different places, and the first regulatory documents of the central bank and UnionPay are not allowed to be used across regions. In principle, you can only use them in the region where you are registered.
The answer is definitely not credible! There are many problems involved in this investigation, and the supervision and crackdown are also very strong. For a payment license that is hard to find, no matter which institution, it will not make fun of its own license. What are the good consequences of going upstream at rush hour? Desperate people will only fall badly unless they really don't want to mix in this industry! It is wise to follow this policy. So please don't believe any "false propaganda".
I'm glad I don't have to worry about not paying my credit card every month. I used to be a slave, and I owed a lot of credit cards. During the period when I learned to repay by steps, I felt good on the surface, and the money on my credit card 10 ~ 20% could be turned around! The crisis has been temporarily lifted!
But today, I picked two bricks from this wall and put them on the other wall, and the limited funds are constantly being eroded! Because there is no way to get the money, such repayment will die sooner or later! Now there may be many people around you who can't repay on time with their credit cards. With the strict supervision of banks, it is estimated that a large number of untrustworthy people have surfaced and received serious attention.
Document No.85 of the People's Bank of China is true in terms of requirements. It only requires that the self-selection function of merchants be turned off, but does not require that individual users be turned off. The payment company is self-sufficient, that is, the real merchant and the individual cash account are synchronized. In addition to their daily transactions, real merchants will also enter the so-called merchant pool of payment companies for code hopping. At this time, because of the requirements of the People's Bank of China and UnionPay, they suddenly shut down. After closing, it will check the quality of the payment institution's merchant pool and the background computing power.
Closing the self-selected merchants can effectively prevent code skipping and code violation in hand brushing.
In fact, one machine with multiple merchants and self-selected merchants has always been the selling point of some illegal publicity. Respondents can say responsibly through their own computer experience that the so-called self-selected merchants are far deeper than the merchants matched by the system, and often unconsciously skip codes, especially when the credit card swipes a large amount, which is basically 5000, and the code skipping is more frequent, and most of them skip preferential codes and zero-rate codes.
No one can change the national policy. As for the future, no one can say for sure, just do your own thing. For a person who has been in business for many years, he has experienced a fee change and a thousand free flights. In short, to do a good job in the present, there are policies at the top and countermeasures at the bottom, but it has just come out and is at the forefront. Nobody knows what will happen in the future. Of course, it still has a slight impact on a card slave, so be sure to pay attention to the same card when swiping, and wait for more than 3 hours. Chang Jie, oh, brushing your teeth is ok.