Heavy! The central bank is targeting the latest deployment of the payment/pos industry chaos! UnionPay strictly investigates such POS violations!

According to the news released by the People's Bank of China on March 1, at the central bank's 2018 payment settlement work meeting held from February 27 to 28, Fan Yifei, the deputy governor of the central bank in charge of payment, stressed that when he talked about the supervision of this year's payment field, Payment and settlement supervision should coordinate the handling of the relationship between the three. While always stressing strict "management", severely cracking down on paying chaos, and regulating market order, we must also plan to do a higher level of "putting" and "service" work, and better play the role of payment and settlement to promote economic quality. The fundamental role of development.
"Payment and settlement supervision has entered the 'deep water zone', and the problems encountered are more complicated and the task is more arduous." Fan Yifei said.
On December 27 last year, the "streaking" multi-time scan code payment ushered in the era of regulatory compliance. In the new regulations, the central bank not only imposed quota management on scan code payment, but also advanced the end of the direct banking model of third-party institutions originally scheduled for the end of June this year to April 1. That is to say, when banks and payment institutions carry out bar code payment business involving cross-bank transactions, they should be handled through the inter-bank clearing system of the People's Bank of China or a clearing institution with legal qualifications.
After issuing more than 100 tickets to payment institutions in 2017 (three times that of 2016), the central bank's branches were not soft in the first two months of 2018.
Just after the Spring Festival holiday, the branch branches of the central bank hanged five tickets for payment in one go, and Lakala and Xinlian paid were all severely punished.
Recently, a number of POS companies have issued similar notices to warn POS agents to suspend related violations!
Notice: Please use the machine! Recently, UnionPay is troubleshooting 32 domains (using the machine across regions) and found that the direct deduction is 1,000 yuan!
It is reported that the recent UnionPay has strengthened the audit of the relevant violations of payment institutions.
The Union Banking Management Committee has issued a notice to the payment institution regarding the acceptance of market violations, including the application of non-standard prices, purchase order violations, incorrect setting of MCC, 32 domain violations, etc. The relevant provisions of the “Implementation Rules for the Regulation of Violation of Regulations for UnionPay Card Acceptance Markets” shall be handled.
The notice shows that the investigation of the China UnionPay Business Management Committee confirmed that the special merchant involved in the application for compliance by a payment institution has one or more of the following violations: 1. Applying a non-standard price; 2. Signing a purchase order violation; Error setting MCC; 4.32 domain violation.
At present, many POS companies are very common in code skipping and sleeve coding.
According to the regulations, the relevant violation code set is a serious violation, which seriously infringes the rights of banks, agents and merchants, cardholders!

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