The uncle who sells baked sweet potatoes on the street doesn't have to worry that the QR code pasted on the stall won't work. From March 1, the notice of the people's Bank of China on strengthening the management of payment acceptance terminals and related businesses will be implemented, and how to implement the part involving personal collection code has attracted much attention. Especially recently, there has been a lot of discussion on whether personal collection code can carry out operational collection on the Internet. In response to this doubt, on February 22, the China payment and clearing Association announced that after March 1, the personal collection code can continue to be used without closing or deactivating, and the function remains unchanged. At the same time, a new "personal business collection code" is set, and users can choose to use it freely. The reporter of economic daily interviewed industry experts on this. Can the vendor's personal collection code continue to be used The reporter of economic daily learned that for individual operators with small business scale such as mobile stalls or occasional business collection, they can continue to use the original personal collection code after March 1. On February 22, the announcement on optimizing barcode payment services issued by China payment and clearing Association said that in order to further optimize the business environment and provide more accurate and convenient payment services, a new "personal business collection code" was set up, which users can choose to use freely. Industry experts said that if users choose to use the "personal business collection code", the original "personal collection code" can continue to be retained, not closed or deactivated, and the "personal collection code" can continue to be used for personal daily collection and payment. After the announcement of the payment and clearing Association, WeChat and Alipay also announced that the personal payment code could continue to be used normally after March 1st. Wechat announced that after March 1, combined with the user's collection situation, invitations will be issued successively through wechat collection assistant message notification, providing personal business collection code and receiving material code plate free of charge if the user is willing. Alipay also said that after March 1st, Alipay's personal payroll code can continue to be used, or it can continue to enjoy a range of services including cash withdrawals. Dong ximiao, chief researcher of Zhaolian finance, believes that this move is an optimization of the requirements of the notice of the people's Bank of China on strengthening the management of payment acceptance terminals and related businesses, fully respects the choice of users, minimizes the impact of strengthening the management of payment acceptance terminals and bar code payment, and gives a "reassurance" to the market and users. Whether to transfer to personal business code is decided by the user At present, bar code payment has become an important payment method in public daily life. Among them, "personal collection code" is not only used for personal daily travel, daily necessities consumption, small payment and other scenes, but also a large number of individual industrial and commercial households, small and micro enterprises and other users for daily operation. According to the 2020 annual report of China's payment industry compiled by China payment and clearing Association, in 2019, banking institutions and Payment institutions handled 173.755 billion payment acquiring businesses, with an amount of 26.74 trillion yuan. In order to make it easier and safer for individual industrial and commercial households and small and micro enterprise users to use bar code payment for daily operation and strengthen the service awareness of Payment institutions, according to the relevant regulations of the people's Bank of China, the commercial member institutions of China payment and clearing Association have studied and put forward suggestions on industry self-discipline to further refine and improve the payment service function, A "personal business collection code" is specially set up for individual users with obvious business characteristics. In this regard, Dong ximiao said that users will have the opportunity to "choose one of two" when using bar code for payment: on the one hand, the new "personal business collection code" has more powerful functions, and users can choose to use it freely; On the other hand, the original function of personal collection code remains unchanged, and the original user can continue to use it. So, what are the benefits of using personal business collection code? Industry experts believe that the "personal business collection code" expands the service function, does not increase the service cost and does not change the user experience. On the one hand, "personal business collection code" can be used for individual operators who have not gone through industrial and commercial registration, so that they can obtain better payment services more accurately and conveniently. For example, personal business collection code can accept credit card payment, which is conducive to expanding the source of customers. In addition, you can also obtain value-added services such as accounting management, transaction reconciliation and specific marketing. Payment institutions can develop more service options on the premise of fair competition. On the other hand, personal business collection codes can also better prevent and control transaction risks, more effectively ensure the safety of users' funds, and safeguard the legitimate rights and interests of consumers, individual merchants and small and micro enterprises. Compared with the management of merchants by payment institutions, the transaction information will be more accurate and can better and faster protect rights in case of disputes. Alipay announced that after the upgrade, users will continue to enjoy the rights of free cash collection, cash withdrawals and other rights, and will enjoy higher rights and interests such as "dare to accept compensation". Wechat payment also said that it can provide services such as operation account book and operation analysis. Wang Pengbo, a senior analyst in the financial industry of Broadcom consulting, said that on the whole, the regulatory policy on individual collection barcode will not affect the sustainable development of the industry from the perspective of market operation. Ordinary users' code scanning payment experience will not be affected, and the operating costs of large, small and micro merchants such as street vendors have not increased. For users who apply to use "personal business collection code", the procedures are not complicated. It is understood that payment institutions should simplify the submission of materials in accordance with the principle of minimum and necessity, and submit them mainly online. For consumers, no matter which one of the "personal collection code", "personal business collection code" and "Merchant Collection code" is used by the merchant, consumers can pay through the collection code provided by the merchant, and the experience is the same as the current situation and there are no obstacles to payment. If the merchant uses the "personal collection code" for collection, the consumer can only use the debit card or the balance of the payment account for payment. If businesses use "personal business collection code" or "Merchant Collection code" to collect money, consumers can also use credit cards to pay. In case of disputes, they can provide more convenient and accurate evidence and safeguard their own rights and interests. Manage the collection code and protect consumers Wang Pengbo believes that the announcement issued by the payment and clearing association not only takes into account the inclusive and convenient characteristics of the collection code, but also conforms to the idea of prudent supervision put forward by the central bank, and finds a balance between development and compliance. In particular, it provides more convenient conditions for the sustainable and healthy operation of small, medium-sized and micro businesses, which is also in line with market expectations. At present, the potential risk of personal collection code can not be ignored. In October last year, the notice of the people's Bank of China on strengthening the management of payment acceptance terminals and related businesses was issued precisely to strengthen industry management, plug loopholes, cut off illegal chains, and better protect the capital security of consumers and small and micro merchants. At the same time, one of the important contents also involves anti money laundering. In order to prevent criminals from using personal static collection bar code to transfer gambling funds remotely. The central bank made it clear that individual static collection bar codes are prohibited from being used for remote non face-to-face collection in principle, and it is necessary to implement white list management. For personal dynamic collection barcodes saved by screenshots, downloads, etc., the relevant requirements of personal static collection barcodes should also be implemented. In recent years, some criminals have stolen personal information, misappropriated account funds, and even committed crimes by transforming payment acceptance terminals and applying for false merchants. For example, some people use the personal static collection bar code to remotely transfer gambling money online with gamblers "point-to-point", and split the gambling money and hide it in the normal transaction scenario. Dong ximiao believes that while bar code payment is convenient for everyone, there are indeed some loopholes that can be easily used. Strengthening management is necessary to promote the healthy and sustainable development of bar code payment business, prevent risks in the field of payment and settlement, and better protect the legitimate rights and interests of merchants and consumers. Relevant departments also reminded that in the near future, we must also beware of fraud by using "collection code upgrade". Recently, some people carried out fraud under the banner of "upgrading personal collection code" and "changing code plate". The announcement of the payment and clearing Association reminds Payment institutions to unblock channels, strengthen communication and interpretation with users, and avoid criminals taking the opportunity to defraud. Alipay and WeChat payment also remind users, if there are related people to promote, please beware of fraud. (outlook new era)