Online payment real-name registration system’s single-day and annual transaction volume will be restricted from now on.

　　BEIJING, Beijing, July 1 (Qiu Yu) On the 1 ST, the Measures for the Administration of Online Payment Services of Non-bank Payment Institutions (hereinafter referred to as the Measures) came into effect, and payment institutions will implement real-name management for customers. After the implementation of the new regulations, when users use Alipay balance and WeChat change to conduct transactions, the single-day and annual transaction amount will be restricted.

　　What is real-name authentication?

　　You can’t transfer money and send and receive red envelopes without authentication.

　　Ms. Tian recently tried to transfer money to her son through Alipay, but she failed because "real name authentication has not been carried out". She successfully completed the transfer after uploading photos of her ID card.

　　According to the Measures, payment institutions should implement real-name management of customers, register and take effective measures to verify the basic information of customers’ identities, check valid identity documents as required and keep copies or photocopies of valid identity documents.

　　Without real-name authentication, the user experience will be affected. Alipay said that it will not be able to receive red envelopes, rewards, transfers, etc. from others without real-name authentication. According to the WeChat payment team, if the user does not have a real name, functions such as collecting money and using change to send red envelopes may be restricted.

　　Real-name accounts account for about half of personal accounts for online payment. According to China Payment and Clearing Industry Operation Report (2016), by the end of 2015, there were 2.630 billion personal payment accounts opened by non-bank payment institutions, and 1.346 billion payment accounts had completed real-name authentication, accounting for 51.07%.

　　What are the ways of real-name authentication?

　　Many external authentication channels do not need to open a "I am me" certificate.

　　The "Measures" stipulate that in real-name authentication, users need to verify their basic identity information through external channels.

　　A related person from the public relations department of Ant Financial told the reporter of Zhongxin.com (WeChat WeChat official account: cns2012) that there are many external channels used by Alipay to verify identity, such as uploading ID cards and binding bank cards; Pay water, electricity, gas and cable TV fees in Alipay; Buy insurance in Alipay; Open sesame credit and so on.

　　The relevant person in charge of the central bank said earlier that in the process of identity verification, customers only need to fill in and upload relevant information online according to the requirements of payment institutions, and do not need to go to relevant departments to prove that "I am me".

　　What kind of account do you belong to?

　　Associating the mobile phone number with the bank card and paying the electricity fee can improve the account authority.

　　The Measures divide individual payment accounts of non-bank payment institutions into three categories, and manage the balance payment transaction amount separately.

　　Specifically, Class I accounts are the most restricted, and the balance payment transactions have not exceeded 1000 yuan since the account was opened; The annual accumulative payment transaction of the balance of Class II account shall not exceed 100,000 yuan; The annual accumulative payment transaction of the balance of Class III account shall not exceed 200,000 yuan.

　　Among them, the limit of Class II and Class III accounts does not include the transfer from the payment account to the customer’s own bank account with the same name, and Class I accounts include.

　　The classification is based on the number of external channels in real-name authentication. If the face-to-face method is adopted, the external channels required for the above three types of accounts are one, three and five respectively.

　　For example, if you upload an ID card to a payment account, associate a real-name mobile phone number, bind a bank card, buy a train ticket, and pay the electricity bill, even if there are five external channels, it belongs to a Class III account. If two bank cards of different banks are bound, it is considered as two external channels.

　　What if the balance payment amount is not enough?

　　200,000 yuan/year is a hard rule, and the quota cannot be increased after it is used up.

　　The reporter noticed that the Alipay client has hung up the prompt of "current balance payment amount". For example, the Class III account will display "existing amount of 200,000 yuan/year" and the remaining amount.

　　What if the annual quota of 100,000 or even 200,000 yuan is not enough? In this regard, Alipay said that if the balance payment amount of Class I and Class II accounts exceeds the limit, it can continue to increase the amount by improving the identity information; If the balance payment amount is already 200,000 yuan/year, it will be impossible to continue to increase the amount.

　　The relevant person in charge of the central bank said that after statistical analysis, the annual accumulated limit of 100,000 yuan and 200,000 yuan for Class II and III personal payment accounts can meet the needs of most customers to use the "balance" of payment accounts for payment.

　　What should I do if the single-day balance transaction is excessive?

　　Can be combined with payment tools such as bank cards.

　　The Measures set a limit for one-day transactions. For transactions verified by payment institutions with two or more effective elements, excluding digital certificates and electronic signatures, the cumulative amount of all payment accounts of a single customer in a single day should not exceed 5,000 yuan (excluding the transfer from the payment account to the customer’s own bank account with the same name).

　　If you use Alipay to buy goods with a price of 7,000 yuan online, because it exceeds 5,000 yuan, you can’t pay with the balance of Alipay. How should users pay? According to the explanation of Alipay client, transfer, consumption and wealth management through other payment methods such as bank card express payment, online banking and ant flower garden are not subject to this quota.

　　Similarly, if you transfer money to someone else’s account, more than 5000 yuan, you can’t transfer money with Alipay balance, but there is no restriction on fast payment by bank card.

　　Will personal information be leaked?

　　Payment institutions shall not store sensitive customer information.

　　Some users are worried that real-name authentication will reveal too much personal information and there are security risks. In this regard, the public relations department of Ant Group said that after the identity information is more perfect, users can not only enjoy more comprehensive services, but also improve the security level of accounts and better protect their rights and interests.

　　Li Jiquan, a senior partner and lawyer of Beijing Junbang Law Firm, said in an interview that after real-name authentication, it means that everyone who makes online payment is transparent, and everyone’s traces are traceable, which will help to trace after problems appear, but will increase the security of online transactions.

　　The relevant person in charge of the central bank pointed out earlier that in terms of information security, the Measures require payment institutions to formulate customer information protection measures and risk control mechanisms to ensure that they and special merchants do not store sensitive customer information, and bear the losses and responsibilities caused by information disclosure according to law.