United States group pay violations reported again hundreds of millions of acquisitions of payment licenses or furnishings

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United States group pay violations reported again hundreds of millions of acquisitions of payment licenses or furnishings

United States group pay violations reported again hundreds of millions of acquisitions of payment licenses or furnishings

August 30th, Phoenix WEMONEY noted that micro-blog name authentication @ Beijing Hirohito law firm issued micro-blog said to China real-name reporting/real-name whistleblowing payments clearing Association, the United States "collection of payment" suspected undocumented illegal business operations. It is understood that the current China Association for payment and clearing official website shows that the report has been accepted, is under investigation.

United States group pay violations reported again hundreds of millions of acquisitions of payment licenses or furnishings

United States group pay violations reported again hundreds of millions of acquisitions of payment licenses or furnishings

The official website of the China Association for payment and clearing shows that the report has been accepted and reported in the investigation. (photo source: Fortune law firm, micro-blog)

According to a report in the material trading records and beauty group net "merchant services agreement", users buy businesses through meituan products after the payment should be paid to the business by the United States delegation comment and its affiliates, "Beijing three fast online Technology Co. Ltd." (hereinafter referred to as the "three fast online" interception, and settlement, in) the precipitation after a period of time to pay the merchant.

Phoenix WEMONEY contacted Yu Jen law firm and received material for reporting. The report pointed out that the material, according to the U.S. mission network collecting payment business model, large merchant settlement mode to take the U.S. group net, namely consumer payment funds transferred to the U.S. group comment or third party three On-Line Company, the U.S. group comments or third party three fastest On-Line Company settlement to the US network business platform.

United States group pay violations reported again hundreds of millions of acquisitions of payment licenses or furnishings

The U.S. group's transaction record shows that the user's transaction is collected by the online registration company three online (picture source: Yu Ren law firm micro-blog)

At the same time, the U.S. group net consumers using WeChat or Alipay to pay the amount of consumption, the U.S. mission network to meituan docking platform of WeChat or Alipay and other payment institutions, interception meituan merchant settlement funds, and then deducting net cost (service fee) and merchant settlement. However, the U. S. Treasury review did not obtain a license to finance payment services.

Accordingly, in this case the attorney Hirohito law firm Zhang Liang think, according to the "non financial institution payment service management approach", "non bank payment institutions online payment service management approach" and other laws and regulations, the U.S. mission network payment collection business behavior, suspected unlicensed unlicensed payment service first class bank card acquiring the core business and the second types of unlicensed online payment service, has constituted the illegal business behavior.

Zhang Liang told Phoenix WEMONEY, the United States group this move is equivalent to the merchant's reserve payments and their funds confused, there is a huge financial risk.

For Yu law firm's report, Phoenix WEMONEY linked to the U.S. group commented on the relevant person in charge. The other side said that in September 2016, the company has completed the third party payment company's wholly-owned acquisition of pocketbook, access to third party payment license. Since last September, the United States mission has completed the system integration with wallet treasure.

It is worth noting that last year, the United States Group in violation of the "non-financial institutions to pay service management approach", in the absence of third party payment license in the case of third party payment and settlement business, the media exposure. Afterwards, the central bank interviewed and stopped the U.S. group to pay, the United States Group wallet recharge function offline.

Insiders pointed out that last year, the focus of media reports is the United States Group unlicensed operating payment business in the "open category payment account" electronic wallet, with recharge, consumption, cash withdrawals and other payment functions, this violation. But for the collection and payment, and no treatment and merchant settlement this violation.

Since then, the United States Mission reviewed the wholly-owned acquisition of third party payment company pocketbook, curve obtained third party payment license.

Zhang Liang said, in accordance with the regulations, the U.S. group want to pay compliance there are two ways: first, the U.S. group as the main body to apply for payment of licenses of third parties, so as to use three fast online as a payee, is compliance. Two is for the United States group users open pocketbook purse accounts, all payments are switched to wallet treasure collection. Now it seems that the beauty group acquired purse Baocheng decoration, still does not solve the problem of illegal operators to pay u.s.." Zhang Liang says.

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