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ASME Press Select Proceedings
International Symposium on Information Engineering and Electronic Commerce, 3rd (IEEC 2011)
Editor
C. B. Povloviq ,
C. B. Povloviq
National Technical University of Ukraine
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C. W. Lu
C. W. Lu
Huangshi Institute of Technology
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ISBN:
9780791859759
No. of Pages:
562
Publisher:
ASME Press
Publication date:
2011
eBook Chapter
82 Research on Third-Party Payment in E-commerce of China
By
Sheng Zhou
,
Sheng Zhou
Department of Finance,
Military Economics Academy
, Wuhan, Hubei Province
, China
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Bangdong Sun
,
Bangdong Sun
Department of Finance,
Military Economics Academy
, Wuhan, Hubei Province
, China
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Nan Jiang
Nan Jiang
Department of Logistics Command,
Military Economics Academy
, Wuhan, Hubei Province
, China
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Page Count:
4
-
Published:2011
Citation
Zhou, S, Sun, B, & Jiang, N. "Research on Third-Party Payment in E-commerce of China." International Symposium on Information Engineering and Electronic Commerce, 3rd (IEEC 2011). Ed. Povloviq, CB, & Lu, CW. ASME Press, 2011.
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The third-party payment in China has obtained the favor of many personal users and internet businesses by virtue of its monitoring to the transaction process and guarantee to both parties' interests. In 2010, the scale of third-party payment in China mounted up to 1,010.5 billion RMB. Currently the industry of third-party payment in China faces not only opportunities, but also challenges. There are some problems such as uncertain legal status, illegal transfer of funds, tax evasion and network security, which can not be ignored.
Abstract
Keywords
I. Development of Third-Party Payment in China
II. Advantages
III. Challenges
IV. Suggestions
V. Conclusion
References
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