Why is mobile payment safer and more convenient than traditional payment?

Compared with traditional offline credit card swiping, Internet payment and mobile payment present some new features and advantages:

First, user orientation is more prominent. According to statistics, 27% of customers will be lost when waiting for more than 5 seconds in Internet payment, and the concept of "people-oriented" is increasingly reflected in the development of emerging payment forms.

Second, the participants are more diverse. In the field of Internet payment and mobile payment, participants have expanded from card issuers, acquiring institutions and bank card transfer clearing institutions to Internet companies, communication operators, mobile phone manufacturers, chip manufacturers and even operating system development enterprises.

Third, the innovation of payment media is more diverse. Payment media have become more diverse from card to no card, from bank account to virtual account; The acceptance terminal has evolved from a traditional POS machine to a portable and pluggable device, which has become more intelligent. Authentication methods have developed from signature and password to biometric authentication methods such as fingerprint and iris, and become more abundant.

Fourth, the trend of integration of payment services is more obvious. The rise of the Internet, especially the development of a new generation of communication technology and intelligent terminals, has promoted the integrated development of payment and social platforms, e-commerce, financial services and other formats. The value of payment institutions is not only reflected in the payment business itself, but also in the ability and level of providing value-added services.

Some disadvantages of online payment:

In the process of payment innovation, there are still some problems that need attention.

On the one hand, it is a matter of convenience and safety. Some institutions pursue payment convenience too much, which brings some security risks, such as relaxing transaction security verification and saving customer information in merchants, which is easy to be used by criminals. There are also some internet payment institutions that block transaction information from banks, and the stability of the transaction processing system is not enough, which is not conducive to the risk monitoring of the payment system.

On the other hand, it is the problem of innovation and development and market regulation. In the name of innovation, some institutions alter and forge transactions, apply merchant identification codes, and fail to review the qualifications of online merchants. These practices have harmed the rights and interests of bank card organizations, issuing banks and consumers. Therefore, encouraging innovation, regulating the market and strengthening supervision must be equally important.

Extended data:

Looking forward to the future, the three elements of macroeconomic stability, rapid technological development and improved consumption capacity will become the main driving forces for the development of the payment industry. In the next few years, the main trends in the development of the payment industry are: Internet payment will maintain a high growth, and the trend of cross-border integration will be more obvious; Mobile payment is expected to achieve all-round improvement and usher in a leap from quantitative change to qualitative change.

The demand for cross-border payment is growing strongly, and the degree of market opening will continue to increase. Especially for online payment institutions, to improve security, it is necessary to strengthen their own system security operation and business risk control capabilities; Government supervision departments should also create various external environments and supporting mechanisms for safe payment and stable development.

Users should also change from "passive application" to "subjective initiative" to participate in the security construction of online payment.

People's Daily-People's Daily: Mobile payment will usher in a qualitative leap.