POS machine T0 will be shut down in a large area! Otherwise involved a major violation!
Overwhelming, unconstrained T0 business will face major adjustments! The new merchant's T0 will basically stop!
At present, the payment company is releasing new regulations, as follows:
This time I have to cry a large number of agents. Once this core function is strictly implemented, market sales will be affected!
A few days ago, the central bank issued a new regulation, starting with payment settlement, further improving the security of payment settlement, and rectifying the illegality of telecommunications networks. After the 200,000 limit, Alipay and WeChat were again ravaged. After the most stringent new regulations, another knife was cut down. The central bank has done a good job in order to crack down on telecommunications crimes!
In the past few weeks, including Taobao, Tmall, Jingdong, etc., the new rules of the central bank were strictly implemented, and the POS machine was completely banned!
According to the latest regulations of the central bank, TO settlement can only be provided to old merchants in the future! Specific requirements are as follows:
Strengthen the settlement management of special merchant funds. Banks and payment institutions that provide T+0 fund settlement services for special merchants shall strengthen transaction monitoring and risk management for special merchants, and shall not provide T+0 funds for special merchants who have not entered the network for less than 90 days or have continued normal transactions for less than 30 days after entering the network. Settlement service.
According to some agents recently, a POS company's T+0 trading funds had a risk event, causing a large loss. While T+0 brings additional benefits to POS companies and agents, there is also a greater risk. The risk point lies in this kind of fund-raising behavior, which is more easily used by criminals and causes irreparable losses.
Q: I want to be the agent of pos machine. Is there any risk in doing t+0?
I got a lot of netizens' answers. The following is the most pertinent piece of netizen to answer:
"If you don't understand where the risk is, we advise you, don't do anything?", you think about it, is there a risky project in the world, and a very profitable project?
Regarding t+0, my point is that you must be cautious. If you want to do it, you must at least know, how big is the risk, and where is the risk? If you don't even realize the risk, you will do t+0, I really advise you not to do it.
Of course, if you are just an intermediary and get one, you will not be able to make a pen difference. If you have something to do and you can't find you, you can do it, huh, huh. However, if you are an agent, especially an agent, a company, or you are not an agent, but you also want to earn a share, you want to develop in the industry for a long time, we advise you, do not blindly do t + 0.
why? Very simple, because, at present, the lawless elements, basically use t + 0 to operate, can get t+1, but also get t + 0, why not get a t + 0 to brush black card. Now with the improvement of the payment company's internal black card database, the company's internal risk control, the monitoring of the transaction is perfect, if it is a t+1 machine, the next day to arrive, the success rate will be much lower.
Q: Why is it that the pos business of t+0 is not safe?
So explain to you, the normal to t+1 account is because the money you brushed through the UnionPay clearing, the process of customers swiping your account on your machine is: customer credit card, third-party company, UnionPay clearing, money ( The above is the time of day)
The concept of t+0 is that the money for the card is first cleared by the three parties, and then the money is directly paid to you, which means that your money is cleared by a third party. After all, the three parties will pay you money. In fact, you still t+1 is cleared, but after the liquidation, UnionPay is called to a third party.
As you can see above, t+1 is the liquidation of your funds with UnionPay, and the third party is the medium. t+0 is your liquidation with a third party.
Previously, UnionPay also issued a reminder about the significant risks of t+0:
Pre-authorization (UnionPay recommends that t+0 business should be prudently carried out, t+0 business should not be opened to merchants with pre-authorization authority)
t+0 settlement increases the difficulty of intercepting fake card theft (now UnionPay finds that the abnormal transaction will notify the acquirer of the delayed settlement fund at the first time)
Introduction to the risk status of the acquiring market:
1. Set of MCC猖ç—
2. Pseudo-card stealing is serious (Shenzhen, Guangdong, Tianjin)
3. Frequent account information disclosure incidents
4. Increased cross-border transfer phenomenon (Macau)
5. Credit card cashing risk increased (MCC: 5998 merchants mostly)
6. Risk of recording CPP points (17 CPP points were detected throughout the year and 15 occurred in Shanghai)
7. Self-service terminals, such as MPOS become an important tool for testing fake cards
8. The situation of cutting machine is outstanding
9.T+0 settlement increases the difficulty of intercepting fake card theft (now UnionPay finds that the abnormal trade fair will notify the acquirer of the delayed settlement fund for the first time)
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