Last week, a certain box stopped the personal version of the hand brush APP, and upgrading to the merchant version conforming to the mPOS version caused a huge fallacy in the market. Various negative attacks and guessing occurred in an endless stream. The version is also officially not used. To use the latest mPOS merchant version, this means that UnionPay has officially requested that all APPs that need to be swiped need to conduct business under the merchant payment collection rules, which means that all subsequent hand brushes may need to be available. Upgrading to meet the mPOS merchant payment collection criteria can only be carried out in the hand brush business. It is expected that in the next two months, a large wave of hand brushes will face the pain of re-downloading the APP. UnionPay’s determination to push hand brush to mPOS is clear:
Upgrade the personal hand swipe APP to the merchant version APP, and then upgrade the mobile phone swipe head to mPOS with password keypad
UnionPay defines:
The mPOS terminal is a special device that collects and encrypts relevant information of UnionPay cards (including transaction passwords) through an external dedicated device connected to a mobile device that uses a specific application, and transmits the transaction information by the mobile device and prompts the operator to complete the transaction. The mPOS terminal generally includes modules such as a mobile device, an external dedicated device, and a specific payment application software. Mobile devices are any electronic handheld devices (such as smart phones, tablet computers, etc.) that are non-payment-specific and have transaction information exchange and transmission.
The external dedicated device refers to an external device that provides specific function support for the payment service based on the mobile device and connects to the mobile device through a data/audio port or a local wireless technology (such as Bluetooth technology). External dedicated devices include readers, PIN input devices (PEDs), signature boards, user interfaces (UIs), and printing devices.
Payment application software refers to a collection of applications that complete the storage, processing, or transmission of transaction information, including but not limited to general-purpose device payment clients such as mobile phones, browser payment plug-ins, smart payment terminals (based on a smart operating system, with multiple application management and post-application Download dedicated payment terminal) applications such as payment application software. The mPOS payment service is a collective term for mPOS terminals to initiate and complete cross-bank payment services for various types of bank cards.
mPOS products mainly consist of mPOS acceptance terminals, APP application software and back-office service systems.
In the past two years, the hot market hand-brushes, mobile phone card readers, and swiping cards have all come from this business. However, the terminal equipment with a password keyboard was originally required to be a card information collector, and the password keyboard module and display module were reduced. , Non-connected modules. This allows the hardware cost to be greatly reduced, allowing thousands of units to be laid out within a short period of less than two years. The user size is conservatively estimated at more than 3 million.
According to the data published by UnionPay, the application scenarios of mPOS are:
The mPOS terminal is mainly applied to special merchant payment and personal payment application scenarios.
1.2.1 Merchant Application Application Scenario
Merchant application scenarios include mPOS terminal on-site consumption. On-site consumption of mPOS terminals refers to face-to-face payment services initiated by specific merchants through mPOS terminals, which are basically similar to those initiated by POS terminals. The acquirer shall use the POS terminal to carry out terminal access and management work when the merchant deploys the mPOS terminal for sales collection.
1.2.2 Personal Payment Application Scenarios
The acquiring institution issuing mPOS terminals to individuals for personal payment should be managed according to individual payment terminals. In this application scenario, the acquirer can only open self-service payment services, such as self-service consumption of the bond card number and self-service transfer (transfer only) with bound card transfer number.
Personal payment application scenarios include self-service consumption of bundled card numbers, self-service transfer transfer, and credit card repayment. mPOS terminal self-service consumption refers to the inter-bank payment service in which cardholders independently initiate bundled card numbers through mPOS terminals for goods or services provided by specific merchants. Currently includes paying utilities and paying bills.
The self-service transfer of mPOS terminals refers to the cross-bank transfer and transfer service initiated by the cardholder through the mPOS terminal. The mPOS terminal credit card repayment means that the cardholder binds the card number through the mPOS terminal and only initiates fund transfer to the credit card account for the interbank transfer service for repaying the credit card transaction.
(This personal payment application scenario is too pitted. It doesn't take a lot of hard work to see the future. Do you want to collect funds?)
According to the risk prevention and control guidelines issued by UnionPay: 3.5 Business transaction fund settlement
The acquirer can't use early-entry (T+0) method for fund settlement of small micro- merchant mPOS transaction
Regarding this article, regardless of various regulations, it is indeed a violation of the law of market development. The timeliness of arrival services is a rigid demand. For example, because blind control of risks prevents market demand, it is bound to be eliminated!
About the terminal hardware:
The domestic card swipe or card swiping head products currently come from three major manufacturers, the largest being the New World, the second being Ai Chuang, and the last being Huanhui. These three shipments accounted for more than 70% of the total market volume. Others were each. Homegrown products and other slightly smaller manufacturers' products.
A lot of Erqing companies or OEMs purchase card readers in these three companies, which also facilitates UnionPay's investigation of unregistered blacklists. After all, the commissioning of machine programs and the management of terminal equipment numbers are provided by manufacturers. It is undoubtedly the most convenient for manufacturers to directly retrieve data. So from a technical point of view, UnionPay shuts down the hand brush channel of a non-reported brand with no problem!
end:
It is expected that the development of hand-brushing will be inevitable. The card-sweeping heads frequently used for transactions cannot be used as terminals for merchants to collect orders. Recently, several major brands have introduced the password keyboard version mPOS. All acquirers have already prepared for the replacement of the card reader to the keyboard mPOS. Under the conditions of compliance with supervision and acceptance of orders, another market battle will be created!
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