Credit Card Service Industry Classification Will Abolish Rate Uniform Or Break Code.

The general office of the State Council issued several opinions on promoting healthy development of domestic trade circulation, and put forward "perfecting the pricing mechanism of bank card credit card fees as soon as possible". Pay by card The classification of fees industry will further reduce the cost of credit card fees in the catering industry as a whole.

A joint-stock bank receipts business leader told reporters that the abolition of credit card fees classification, on the one hand is aimed at the current single price war and the serious code of chaos, on the other hand is to reduce the burden of real business.

　 to Real economy Continue to burden

It is understood that under the leadership of the central bank, the UnionPay, together with the third party payment institutions, has discussed rounds with the regulatory authorities including the NDRC, and has formed a new rule of "separation of loans and businesses". Abolish the classification of credit card service charges, and regulators have long been blowing the wind to commercial banks.

In February 2013, under the leadership of the NDRC, there was a round of downward adjustment in bank card charges. The fee standard of four categories of food and entertainment, general, people's livelihood and public welfare categories changed from 2%, 1%, 0.5%, 0 to 1.25%, 0.78%, 0.38% and 0 respectively. Among them, catering and entertainment decreased to 37.5%, and the rest dropped to 22% to 22%.

"The last reduction focused on reducing the burden on the real economy, and this time it focused on eliminating the price of multiple credit card fees, but reducing the burden is also part of the reason." The head of the bank's receipts business told reporters that "the final buried single person in the market is still the cardholders and merchants. Now the profit margin of the entity business is getting thinner and thinner. Every year there are many proposals in the" two sessions "to reduce the bank card handling fee.

　　 Offline acceptance Differential rates will end

The abolition of the industry classification of credit card charges means that the differentiated tariff system, which has been implemented for many years, will end.

As early as 2003, the central bank has promulgated the "China UnionPay network entry institutions bank card cross line transaction income distribution method", that is, number 126, which has become the starting point of the bank card differential rate standard, and has been implemented for nearly 11 years.

A senior person in charge of the industry recalled that the motive of the central bank to formulate differential rates was to encourage the collection of orders. At that time, POS machines were very expensive, and the initial investment was too large, so no one was willing to make the order. Therefore, several high yield markets were set up artificially: Dining Entertainment, guesthouse, jewellery, gold jewelry, etc., the rate of card printing was 2%; the whole receiving market was also divided into four categories according to the industry.

But in recent years, as the acquirer market has become more and more profitable, and banks and third parties have realized the special value of acquiring business, everyone is willing to make the order, and the players in the acquiring market have nearly 100 times. The original price loopholes were also magnified at once.

The so-called price loophole is the code practice of increasing the collection market. "Code" refers to the violation of the low rate industry category code (MCC). According to the main business and industry attributes of merchants, the acquirer set up a "MCC code" for merchants, which is decided by the code. Different MCC correspond to different rates. In order to seize the market, many acquirers will arrange lower MCC codes for merchants. Merchants will be able to pay less service fees, and the acquirer will get the corresponding rebate accordingly.

For example, a hotel merchant originally installed the POS card printing machine for restaurant code, and charged it according to the corresponding standard, but now some third party payment agencies directly install the "three agriculture" POS machine to help merchants reduce the cost of credit card.

In response to this phenomenon, according to media reports, China UnionPay has paid a large number of tickets to third party payment enterprises, and the central bank has suspended many new businesses of acquiring institutions this year.

"However, under the current fines transmission mechanism, the fines paid to the third party payment enterprises by UnionPay were not borne by them, and finally fell to the head of the agents. Therefore, we can not restrict the behavior of third parties to continue to code. The responsible person of the aforementioned joint stock bank acquiring business. This person believes that in this case, the industry classification of canceling credit card fees, the advantage of illegal code will be smaller, which is conducive to the development of bank acquiring business.

At the same time, the personage thinks, with the flourishing development of O2O format, the online transfer of receiving business to online is a major trend. The cost of online collection is much lower than that under offline, so the rate is lower (debit card 0.25%, credit card 0.5%), and the price of offline acceptance will gradually move closer to the line. "The acquirer terminals of the acquirer are now developing towards miniaturization and cheaply, which is a manifestation."