On May 16, the netizen of Li Fei, a full-time lawyer of Shanghai Yijin Law Firm, signed on Weibo, said on Tencent’s Weibo website that Tenpay was illegally providing payment services for the “secondary liquidation” agency Jingdong Mall. It was ordered by the People's Bank Shenzhen Branch to be rectified.
Posted by Li Feibo on the Shenzhen Branch of the People's Bank of China ( The "Central Bank Deep Branch" will be referred to below as the mail issued on May 14. The e-mail stated that of the three transactions provided by lawyers, two transactions were indeed transactions of the Tencent Company’s contracted merchant Jingdong Company. The order funds had been settled by Jingfutong to Jingdong and the other had not been paid. It is understood that these three businesses are lawyers who are shopping on the third-party platform of Jingdong Mall.
The central bank’s Shenzhen Zhongzhong believes that Tenpay’s company has provided payment services for Jingdong Mall affiliates suspected of “secondary liquidation”.
The term "secondary liquidation" referred to as "two clear" means that the payment company or bank first pays the POS machine's settlement money to an individual or a certain company, and is settled by the company or individual. Merchants are illegal.
Because Jingdong Mall Affiliates was not a financial or financial institution, There is no payment of licenses, and uniform receipt of customer's payment, and then distributed to various companies on the platform, there will inevitably be funds deposited on its platform, most likely to lead to national risk events.
The central bank Shenzhong Zhi said that it has now requested that TenPay cooperate with Jingdong Mall to carry out rectification work. At present, Tenpay will settle the trading funds of Jingdong Mall to China UnionPay Co., Ltd. and then China UnionPay. The joint stock limited company liquidates the funds to the actual transaction merchants.
In order to crack down on Erqing, at the end of 2017, the Central Bank issued the “Notice on Further Strengthening the Remedy of Unlicensed Payment Business”, which is known as the strictest “second clearing” in history, and clearly proposed rectification in phases. time limit. Requires local residents to begin major inspections before the end of February 2018; by the end of April 2018, the PBC will organize on-site inspections; the punishment and summary will be completed by the end of June 2018jobs.
The deadline set by the central bank for Erqing reform is approaching, and violations by large payment agencies and large companies are of particular concern.
It is reported that Li Fei has continued to follow up and report violations of Jingdong Mall and its affiliates for more than two years. Before the Central Bank’s Shenzhen Zhongzhong Branch determined that the company had provided services for the Jingdong Mall affiliate suspected of “Yiqing”, the Payment and Clearing Association paid a positive response to Li Fei’s reporting behavior.
In the first "Administrative Report," Li Fei said: "Beijing Jingdong Lu Xicou E-commerce Co., Ltd., Beijing Jingdong Century Trading Co., Ltd., Beijing Jingdong Century Information Technology Co., Ltd., The seven JD companies of Shanghai Fengyong Financial Information Service Co., Ltd., Jiangsu Circular E-Commerce Co., Ltd., Shanghai Yuanmai Trade Co., Ltd., and Shanghai Yuda Yuan Information Technology Co., Ltd. did not have a “Payment License” and they were unified. The third-party sellers of the Jingdong Mall JD.COM, the third-party trading platform, collect and transfer the funds for payment on behalf of the customers. After receiving the payment from the customers, the funds are transferred to the third-party sellers in a delayed manner. The fund pool is formed for a long time. The scale is particularly large and the amount is special. Gao, and with other serious circumstances, engaged in the secondary liquidation of third-party seller's payment funds, allegedly constituting unlicensed business payment and settlement business."
Li Fei cited an example of his purchase of mobile phone chargers in third-party sellers of Jingdong Mall. Line, by Jingdong Express delivery, third-party sellers to provide their own after-sales service, the recipient is "JD.JD.COM" (Beijing Jingdong Lu Xun degree e-commerce has Limited company).
Li Fei also believes that the payment institutions have not yet performed the obligation to review Jingdong, and the payment institutions and the acquiring (acquisition) banks of the channel online banking online have still collected bills to Jingdong, actually assisting Jingdong to engage in the “II Clearing”. "Businesses violate the relevant provisions of the "Administrative Measures for Bank Card Receipt Business".