The future of mobile payments is linked to biometrics
Author: huifan Time: 2019-07-25
Use qr code scan, brush face in front of camera...The rapid development of mobile payment is welcoming more ways of identification。
At present, fingerprint, face and other biometric identification methods have been applied in many payment scenarios such as shopping, transportation and medical treatment, and new technologies such as two-dimensional code, biometrics and NFC (near field communication) have brought fast and convenient consumption payment.
According to ao xiang, senior vice President of kuangshi technology, the future of mobile payment will definitely be related to biometrics.Compared with the password and U shield used in the payment process in the past, biological features such as face, fingerprint and voice print have individual uniqueness, which can be used for the identification of payment transactions and have higher security.
He found that at present, some unmanned supermarkets in the United States do not even need special face payment, and consumers' real-time actions and behaviors in the supermarket can be sensed by machines and devices throughout the process, and correspond with the identity of the person, and finally complete the settlement.
But there are concerns about the development of biometrics.San Francisco recently passed a policy banning government departments from using facial recognition technology, media reported.
At present, the use of biological information is restricted by international laws and regulations.In the view of fan zhigang, former deputy director of urban finance research institute of industrial and commercial bank of China, personal information protection has become a factor restricting the development of mobile payment abroad, and with the emphasis on personal privacy information protection in China, this issue will also become the focus of national attention.
As for biometrics, cheng hua, deputy director of the digital economy research center at renmin university of China, said there are still uncertainties and risks.
HFSecurity biological recognition is a company, the company CEO XinWang Gao thinks, if the brush fingerprints, face, voice print these various biological characteristics of fusion, will make the trade pay for more security, but more investment is needed for a variety of biological characteristics identification of costs, not all are suitable for third-party payment companies and scene, "mobile payment way of identifying judged according to the specific application scenario, the scene and the future of mobile payments will form two differentiation."
One is based on low-volume high-frequency payments in daily life, such as those in supermarkets, buses and tolls. In these scenarios, mobile payment emphasizes convenience and rapidity.
The other is high and low-frequency consumption scenarios. For example, for large amount of payment such as insurance purchase and bank financing, multiple ways such as fingerprint, face painting and harmony print are needed for identification to ensure the security of large amount of transaction.
"Multi-check biometrics is definitely the way to go, and interactive biometrics with logical judgment is definitely a trend," noted PingPong partner luo yonglong, noting that there is currently no unified technical standard for payment recognition. "every house has its own technology."
This is not the view of luo yonglong alone, other industry participants also believe that although mobile payment is fast, but alipay, WeChat and other payment platforms, are a closed-loop ecology, and have not established a unified technical standard, in payment can not achieve interoperability.
"Open WeChat code scan box can not scan the qr code of alipay, alipay can not scan WeChat," bai chunyu thinks, especially the use of elderly users, is not very convenient.In the future, the technical level of mobile payment still needs to establish a unified standard.
Compared with the rapidity of mobile payment, cheng hua pays more attention to the depth of the future of mobile payment in the scene.In her view, the speed of mobile instant payment have quickly, should pay attention to future development and the depth of the fusion of the scene, such as some code function associated restaurant not only pay link, also associated with the front order link, some locations and code can also realize queuing function, after the payment institution can help some of the real economy to better improve operational efficiency."
Cheng hua believes that the competition of third-party payment institutions in the future lies in how to deeply enter into different application scenarios, such as smart campus and smart medical care.
In fact, the development speed of mobile payment in our country has exceeded many people's expectation.China's mobile payment business grew rapidly in the first quarter of this year, with banking financial institutions handling 48.151 billion electronic payment transactions worth 742.01 trillion yuan, according to data released by the central bank.Among them, the online payment business was 16.286 billion, with a total amount of 622.68 trillion yuan, with a year-on-year growth of 34.59%.There were 19.69 billion mobile payment services, amounting to 86.62 trillion yuan, up 79.6% and 22.32% year-on-year respectively.Non-bank payment institutions handled 148.532 billion online payment transactions, totaling 58 trillion yuan, up 34.8% and 13.44% year-on-year, respectively.
However, the development of mobile payment industry also brings some security risks. How to balance innovation and regulation has become an inseparable problem in the development of mobile payment.
In 2017, the payment and settlement department of the people's bank of China issued the notice on transferring the online payment business of non-bank payment institutions from the direct connection mode to the online connection platform for processing, which clearly required that the online payment business of non-bank payment institutions should be transferred from the direct connection mode to the online connection platform for processing. Thus, third-party payment began to enter the era of "disconnection from direct connection".
At the same time, the central bank also issued a notice regarding the storage and management of the provisions for customer service of payment institutions, requiring them to deposit all the provisions centrally.
The introduction of regulatory measures has accelerated the development of the mobile payment industry towards the direction of standardization. However, according to cheng hua, different from traditional payment, mobile payment has developed into a profit-seeking competitive industry. Although the supervision of this field should be strengthened, it must be built on the basis of respecting market rules.
"Mobile payment industry has developed into a competitive profitability, the market there will be some confusion, this is always happens in any industry," Cheng Hua think, for the development of the third-party payment platform, does not apply to a uniform policy, and to cover the depository, Banks should also consider pay interest, at the same time, for the industry should yu-jong fault mechanism, to the mobile payment a innovation and development of space.
Fan zhigang believes that in addition to the risks of personal privacy disclosure, mobile payment also has the risk of fraud in the past payment field, as well as excessive competition and monopoly.
In his opinion, to strengthen the risk control of mobile payment needs to solve the problem from the technical level.Meanwhile, payment institutions should also consider the innovation of payment mode and improve their ability of risk prevention and control. "the competition focus of payment institutions should gradually shift from scene construction to providing customers with a safer and lower risk service."In addition, fan zhigang believes that regulators should play a leading role and gradually shift the focus of supervision to the risk control in the payment field and the safe operation of the payment system.