The Principles of Risk Management in Third-Party Payment

Along with the rise of third-party payment service has changed the payment pattern of e-commerce. It impacted not just the interests of buyers and sellers but also a more comprehensive and extensive levels of economic and financial. In 2012, Taiwan started to coordinate the relevant ministries to deregulate the third-party payment services. the nature of the operation in terms of third-party payment services has been discussed.
This thesis uses the Value Creation Cycle to analyze the business models of third-party payment service. Try to evaluate what kind of risks will be involved during its business processes, and understand the current status of the third payment services industry in the United States and China. Find out the applicable third-party payment services and ideal risk management principles in Taiwan.
The conclusions of this study presented the principles of risk management in the third party payment industry. Expect the third-party payment industry, authorities, users and markets to coordinate with each other to develop an innovative financial platform with more safety and lower risk. This research provides a reference for future development or improved business model. Prudently analyze the process, users, industry, and the entire related network of Third-Party Payment, in order to promote the development and improve the overall social benefits. Increase the support and trust of Third-Party Payment and build a convenient payment environment with more trust and safety.