On July 7, the payment security seminar jointly organized by Beijing Mobile Financial Industry Alliance and the People's Bank of China Ningbo Central Branch was successfully held in Ningbo. The afternoon of the conference focused on the exchange of policy on terminal payment security and the sharing of industrial innovation results. Tan Ying, Senior Director of China UnionPay Technology Department, mainly informed about the implementation of the Notice on Strengthening the Security Management of Bank Card Acceptance Terminals issued by the People's Bank of China (Yinfa [2017] No. 21) and the “Safety Management of Bank Card Magnetic Stripe Tradingâ€. Notice of the Notice (Yin Ban Fa [2017] No. 120).
Tan Ying, Senior Director, China UnionPay Technology Department
I. Regarding the implementation of Yinfa [2017] No. 21
Specifically, the overall objective of the “Notice on Strengthening the Security Management of Bank Card Acceptance Terminals†includes five aspects: one is to achieve unified registration and management of POS and ATM terminal information on the whole network; and the other is to accurately locate and track the unique identifier of the receiving terminal. The life cycle of each terminal equipment; the third is to identify the merchants and terminal equipment that have violated the rules through data analysis; the fourth is to generate the terminal information monitoring and reporting related reports to the head office; the fifth is to conduct business compliance management, risk case investigation, etc. .
Tan Ying said that UnionPay has established a platform for terminal information verification and big data analysis, and comprehensive analysis of information including terminal manufacturers, transaction information of acquirers, and registration information of acquirers. There are two directions for the monitoring and statistical analysis of the acceptance of market terminalization. One direction is the statistics and analysis of the overall situation, including the terminal deployment and development of the entire market, as well as the changes in the form and model of the terminal products. On the other hand, for the location and tracing of the problem terminal, the report locates which specific terminal has a violation, and subsequently uses it for the violation of the governance and rectification. At present, all the work of UnionPay is progressing in accordance with the corresponding plan.
First, from the perspective of institutional transformation, UnionPay has 126 active transaction-receiving institutions in the country that have completed transformation and access. The transaction accounted for more than 95% of the market share of the acquiring market. Most institutions have completed the transformation. Access, 18 national banks and 22 major payment institutions have completed the transformation and access of transaction messages.
Secondly, from the perspective of institutional registration, ATM completed 1.11 million registrations and POS completed registration of 20.71 million units, which is close to the total market data. Among them, 18 commercial banks and 6 major payment institutions registered 840,000 ATMs and 10.94 million POS registrations. From the perspective of manufacturers' transformation, 31 manufacturers completed the transformation and access work, while 31 accounted for more than 90% of the terminal market share.
2. Implementation of the implementation of Yin Ban Fa [2017] No. 120
The Notice on Strengthening the Security Management of Bank Card Magnetic Stripe Transactions is mainly aimed at the risk control of magnetic stripe card transactions. For the magnetic stripe card information, it is easy to be made into a fake card for stealing and the old terminal only supports magnetic stripe trading. UnionPay actively promotes the corresponding work from three aspects:
1. Reform and upgrade the non-standard terminals directly connected to UnionPay, and complete the replacement and upgrade of non-standard terminals as soon as possible.
Second, combined with the No. 21 document to do the terminal data verification work, to ensure that the uploaded terminal information is true and effective.
Third, the revision of the error rules, improve the risk mechanism of the pseudo-card funds transfer, and clarify the responsibilities of the parties to the card issue and the acquirer.
Tan Ying said that the current technical standards can fully meet the corresponding policy management requirements. In the next step, UnionPay will do its best to upgrade and renovate non-standard terminals. The direct-connected non-standard terminals will be upgraded and upgraded in December this year. It is guaranteed to be sent to the regulatory authorities for follow-up work, and the revision of relevant rules is also progressing in parallel.
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