On December 12, 澎湃News was informed by China UnionPay official website that China UnionPay officially launched the UnionPay two-dimensional code payment standard. "UnionPay QR Code Payment Standard" mainly includes two specifications of "China UnionPay QR Code Payment Security Specification" ("Safety Specification") and "China UnionPay QR Code Payment Application Specification" ("Application Specification"). The relevant person in charge of China UnionPay said that the release of “UnionPay QR Code Payment Standard†is the first step for UnionPay's joint member institutions to promote and apply QR code payment, and will continue to release supporting business rules and product plans.
The "Safety Code" puts forward specific security requirements for the two-dimensional code receiving equipment, mobile phone client, back-end system, etc. from the security aspect, to ensure the security of account information and payment funds in the payment process, and to the next step of UnionPay and Bank Design and Development II. The code product provides a standard basis for safety.
The "Application Specification" defines the application scenario of QR code payment and the security mechanism based on digital signature, and proposes a QR code application data element suitable for financial payment, which is designed and developed in the next step of UnionPay and Bank. The QR code encoding scheme provides a standard basis for reference.
UnionPay QR code payment has the following four characteristics:First, follow the existing four-party model of bank card payment, with payment security as the bottom line, and ensure the security of key elements such as cardholder accounts and funds. UnionPay two-dimensional code payment is based on the four-party mode of card organization. The difference between payment and physical bank card payment is only the change of payment information interaction mode. The background account is still based on the physical bank card account. Because it is still based on the bank card account, there is no financial risk caused by the deposit of funds in the virtual account, and the safety of consumer funds is more secure. In addition, commercial banks can obtain transparent and complete payment information consistent with traditional bank card payments, which is beneficial to risk identification control and customer relationship management;
Second, payment tokenization (Token) technology is used to ensure payment security. UnionPay QR code payment takes payment security as the bottom line and ensures the security of key elements such as cardholder account and funds by establishing a unified technical security mechanism. The use of payment tokenization (Token) technology to protect account sensitive information, ensure the security of account information in the process of storage, processing and transmission, and prevent the risk of account information leakage;
Third, the technical modes are unified under the same scenario and can be interconnected. Adopt a unified technical solution and mode in the same two-dimensional code payment scenario to realize service interconnection between different organizations, and ensure consistency of user experience;
Fourth, compatible with relevant international standards. The technology extension is reserved, and the future can be compatible with international standards related to two-dimensional code payment through expansion, ensuring cross-border interconnection of domestic and overseas QR code payment services in the future.
Attachment: The relevant person in charge of China UnionPay issued a question on the payment of the UnionPay QR code payment standard . Q: Why did China UnionPay launch the "two-dimensional code payment standard"?A: As a card organization, China UnionPay has been actively researching and exploring various payment interaction methods including NFC, QR code and Bluetooth. With the rapid development of China's mobile payment market, China UnionPay has jointly launched “Cloud Flash Pay†jointly with industry-related parties such as major commercial banks and mobile phone manufacturers. At present, the series of products that have been released by Cloud Flash Pay mainly apply non-contact payment related technologies.
At the same time, we are also concerned that mobile payment is showing a diversified development trend, and the payment needs of small and micro merchants and cardholders also cover multiple levels. In the current market, QR code payment has gradually become popular. UnionPay's card issuance, acquiring member institutions, and UnionPay card users have certain needs for the promotion and application of this payment interaction mode, but the market demand for interconnection between banks Not well met. To this end, under the joint promotion of member institutions, China UnionPay officially released the “UnionPay QR Code Payment Standardâ€, hoping to promote related products and services for member institutions, and provide more abundant and diverse options for UnionPay cardholders. Support the orderly development of the UnionPay QR code payment business.
2. What content does the two-dimensional code payment standard issued by UnionPay contain?A: The "UnionPay QR Code Payment Standard" mainly includes two specifications of "China UnionPay QR Code Payment Security Specification" and "China UnionPay QR Code Payment Application Specification".
1. The "Safety Code" puts forward specific security requirements for the two-dimensional code receiving equipment, mobile phone client, back-end system, etc. from the security aspect, to ensure the security of the account information and payment funds in the payment process, and to the next step of UnionPay and bank design and The development of QR code products provides a standard basis for safety.
2. The "Application Specification" defines the application scenario of QR code payment and the security mechanism based on digital signature, and proposes the application data element for the two-dimensional code of financial payment, and designs and develops the QR code product for the next step of UnionPay and Bank. The two-dimensional code encoding scheme in the middle provides a standard basis for reference.
Third, compared with the two-dimensional code payment that some institutions in the market have already promoted and applied, what are the characteristics of the UnionPay two-dimensional code payment standard?A: UnionPay QR code payment has the following four characteristics:
First, follow the existing four-party model of bank card payment, with payment security as the bottom line, and ensure the security of key elements such as cardholder accounts and funds. UnionPay two-dimensional code payment is based on the four-party mode of card organization. The difference between payment and physical bank card payment is only the change of payment information interaction mode. The background account is still based on the physical bank card account. Because it is still based on the bank card account, there is no financial risk caused by the deposit of funds in the virtual account, and the safety of consumer funds is more secure. In addition, commercial banks can obtain transparent and complete payment information consistent with traditional bank card payments, which is beneficial to risk identification control and customer relationship management;
Second, payment tokenization (Token) technology is used to ensure payment security. UnionPay QR code payment takes payment security as the bottom line and ensures the security of key elements such as cardholder account and funds by establishing a unified technical security mechanism. The use of payment tokenization (Token) technology to protect account sensitive information, ensure the security of account information in the process of storage, processing and transmission, and prevent the risk of account information leakage;
Third, the technical modes are unified under the same scenario and can be interconnected. Adopt a unified technical solution and mode in the same two-dimensional code payment scenario to realize service interconnection between different organizations, and ensure consistency of user experience;
Fourth, compatible with relevant international standards. The technology extension is reserved, and the future can be compatible with international standards related to two-dimensional code payment through expansion, ensuring cross-border interconnection of domestic and overseas QR code payment services in the future.
4. Q: What is the relationship between UnionPay's QR code payment and “Cloud Flash Pay�A: The two-dimensional code payment products launched by UnionPay's joint member institutions will be one of the “Cloud Flash Pay†product series, which complements the existing non-contact payment products. As long as the regulatory approval, product technology is relatively mature, security risks are controllable, and through relevant testing and certification, there may be more interactions in the future, including the "cloud flash payment" product system.
V. Q: What is the next product launch and marketing plan of UnionPay? How will it compete with the institutions that have already developed QR code payment services?A: The release of “UnionPay QR Code Payment Standard†is an important measure for UnionPay as a bank card transfer clearing organization to propose “interconnected†technology solutions for market demanders. It is also a joint member of UnionPay to promote and apply QR code payment. The first step. Follow-up will also release supporting business rules and product plans, set up a platform, do a good job, and jointly commercial banks and other member institutions to provide cardholders with more low-cost, safe and convenient payment options. We also look forward to continuous innovation and development in the process of participating in market competition, constantly learning from and learning, and constantly improve our efficiency.
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