Shulou(Shulou.com)11/24 Report--

CTOnews.com, December 21, according to WeChat Pay's official website, Tenpay payment Technology Co., Ltd. today issued an "initiative to further strengthen risk prevention and control of credit card business" (hereinafter referred to as "the initiative").

The Initiative points out that partners need to effectively fulfill the main responsibility of merchant management. Strengthen merchant access, transaction monitoring, investigation and verification, disposal constraints and other management measures, the credit card business risk control measures throughout the whole life cycle of merchant management.

CTOnews.com learned that Tenpay said that partners need to further strengthen the monitoring, analysis, identification, and control of abnormal transactions with risks such as credit card cashing, and actively verify, dispose of merchants and transactions with suspected risks such as cash out, and submit them in accordance with the law; at the same time, strictly control the flow of credit card funds, and strengthen the management of merchants' credit card transactions.

In addition, Tenpay pointed out in the "proposal" that the company will also continue to strengthen the risk monitoring and prevention and control of the credit card business and improve the risk control mechanism. If it is found that the partner fails to implement the regulatory requirements and the merchant has the risk of credit card transaction, corresponding measures such as adjusting the transaction quota and suspending cooperation will be taken according to the default and risk situation.

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