Research on Feasibility and Mana Gement Control of the Online Payment Project of LS Company in Shandong
|Keywords||Online payment Service innovation Risk management Managementcontrol|
With the development of information technology and the popularity of networkapplications, the third-party payment gradually become the main force of the paymentsystem in our country. Online payment involved in the deal provides mediation tomaintain the fairness of transactions to reduce transaction costs, reduce transactionrisks for both parties, and promote the rapid development of economy of China.Online payment depending on the Internet and other public network payment systemsis connected to the financial private network and public network medium, expandingbank payment system and social public pay system, to provide convenience for Banksand customers at the same time, innovation and development of LS company paymentsystem, is the payment system the beneficial supplement of the LS co., LTD.Aspayment services group of participants, the market orientation and resourceadvantages are different from the traditional payment service organization; Onlinepayment service organization is based on the flow of funds of the bank capital transfer,which provides payment gateway service for the main body of online trading andcarries on the service innovation.Innovation development and innovation also bringsin risks. Online payment institutions as non-financial institutions engaged in thebusiness is related to monetary fund sequestration, transfer, liquidation, etc. Financialbusiness; In the process of business operations, online payment led to the illegalbusiness risk, financial market risk, operational risk, credit risk and a series ofproblems, a potential threat to the stability of the domestic financial markets.Based on the project of the online paymen of LS company in Shandong province forcase, analyzes the online payment in the payment channel, payment systems, paymenttools, payment function of LS company to pay the innovation of the system; Revealsthe innovation can bring the risk, and then by using the experience of European andAmerican countries for the development of online payment and form of regulation, combined with the enterprise actual, around online payment to innovation and risk ofLS company system are studied, through analyzing Internet payment market prospects,the LS company to implement the development of Internet payment servicespositioning, online payment services and its implementation, the online paymentbusiness, benefit analysis and risk analysis of online payment business, and proposesthe suggestions of management control of the online paymen of LS company inShandon province.