What is POS receipt? What is the MCC code? When the cardholder successfully prints the card on the merchant's POS machine, it will print a small ticket with the merchant number. From the 8th to the 11th (4 digits), it is the MCC code of the POS machine of the merchant. This code corresponds to The industry is operated by the merchants. The people's livelihood is 0.38% of the handling fee, the general category is 0.78%, and the entertainment category is 1.25%. The hazard of the nesting code: disrupting the financial order of the POS acquiring industry, allowing the POS acquiring industry to breed unsafe factors, and is the cause of the second liquidation. Development of foreign POS acquiring market From the perspective of the global acquiring market, the payment processing service industry based on the acquiring business in North America has been highly concentrated and integrated; the integration in Europe is weak, and more than a dozen companies are competing for market share; and the situation in the Asian market More special, independent industries that provide third-party payment services have not yet been formed, and bank card acquiring business is mainly taken over by financial institutions. The development of POS receipt in China From the overall perspective of the POS acquiring market, there are the proportion of card consumption, the frequency of card use, and the low penetration rate of merchants; the development is uneven, the acceptance environment in small and medium-sized cities and rural areas is poor, and the expansion motivation of small and medium-sized merchants is insufficient; the construction of relevant legal systems Lagging behind, lack of industrial support policies, and market size. The unbalanced development of the POS acquiring market is mainly manifested as follows: From a geographical perspective, the acceptance rate of merchants and the distribution of POS machines in the developed coastal areas are higher than those in the less developed regions of the Mainland, and most of the merchants and POS machines are concentrated in large and medium cities. The deployment of small and medium-sized cities is generally small; from the perspective of industry, merchants, large retailers and other merchants accept a higher proportion of bank cards, while large-scale industry merchants such as petrochemicals and insurance, as well as small and medium-sized merchants closely related to people's daily lives. For example, the proportion of bank cards accepted by convenience service outlets such as hospitals, schools, and transportation is relatively low; the size of the acceptance market is insufficient, and the POS investment gap is large. In some regions, merchants, hotels, and large and medium-sized retail businesses, there are repeated POS placements. The POS acquiring business, as the terminal part of the bank card system operation and the most important part of the bank card acceptance environment, has always been a concern of the industry. Despite the development of the bank card industry, the POS acquiring environment has been greatly improved. However, due to China's special environment and slightly backward industries, the domestic acquiring market is still not developing well, and the overall development speed and quality are still far. Not yet at the international standard level, so China's POS receipts still have a lot of room for development, and the subtle changes in the domestic financial payment environment will bring valuable development opportunities, so each third-party payment company should monitor the domestic financial payment environment. Change, seize valuable opportunities After two years of leaping development, China's third-party payment industry has gradually formed a convergence of multiple offline and online payment methods. At the same time, the market competition for offline POS receipts has gradually become hot. Each payment company's online POS acquiring business has deepened and expanded, and a three-dimensional, multi-dimensional, value-added online payment form has gradually formed. This is also an important development direction for the third-party payment industry in the future. It not only covers investment and financial payment services, but also gradually expands the business scope to meet the needs of B2B enterprise liquidity management. Highly anticipated pre-authorization event The central bank demanded that eight of these institutions will stop accessing offline new orders to new merchants nationwide from April 1, 2014. The eight payment institutions are: remittance world, accompanying payment, Fuyou, Kayou, Shengfutong, Jiefu Ruitong and so on. There are also two other institutions that need to self-examine, namely UnionPay Business and Guangdong Jialian. how to choose Dividing means that the profit of the service provider is high, but at the same time, the profit of the third-party payment company is small. If the company is in a low-profit state for a long time, there is no way to invest a large amount of money in technology research and development, and the whole platform will be stagnant and cannot be innovatively developed. It means that the entire platform will not last long. Therefore, it is recommended to choose a more mature third-party payment company to represent POS acquiring business, which is a more correct consideration. Here are just a few points to note? Although inconspicuous, but important details, the details determine success or failure. 1. The company personnel who directly face the merchants must display the image: formalization, specialization and unification. 2. Pay attention to risk control. 3. 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POS (Point Of Sale) is the payment method for collecting bills through the sales terminal. With the continuous expansion of payment methods and payment functions, the definition of POS receipts has been continuously expanded. The current POS receipts are generally referred to by POS machines. Transactions such as consumption, pre-authorization, balance inquiry and transfer.
In the pos machine industry, various merchants have their own special code. The industry refers to the MCC code, which is generally represented by four Arabic numerals, such as department stores, clothing, hardware, catering, KTV, etc. Their codes are different. The industry is divided into general categories, meals and entertainment, people's livelihoods, wholesales, etc., among which the people's livelihood fees are the cheapest, the general category is second, the food and entertainment category is the highest, and the wholesale category can be used as a capping machine.
After more than 50 years of development, the bank card acquiring market in various countries has basically formed two business development models. One is the coexistence of banks and specialized acquirers, with the US market being the most typical. The giants in the US acquiring market are FDC, JPMorgan Chase and Bank of America. Among them, FDC is the world's largest bank card professional service organization, and its business areas span bank card receipt, transaction processing, and outsourcing services. One of the successes of its development of the acquiring business is to respect the bank's control over the merchants and to expand the acquiring market by establishing a merchant alliance with the banks. The FDC is responsible for transaction processing, the bank provides sales support, and can still develop diversified financial business relationships with merchants, thus leveraging the strengths of third-party professional services organizations and banks. In addition, Canada is also a bank, non-bank financial institution and non-financial institution in the acquiring market. The top five in the acquiring market are Moneris Solutions, Global Payments, TD, Scotiabank and FDC. The other category is based on bank receipts, such as English, French and Australian. There are 8 acquiring banks in the UK such as Streamline, Barclays Bank and HSBC. The top three banks account for 90% of the market. Mainly specialized in acquiring institutions, such as Germany and Japan. The main orders in Germany are ConCardis, B+S CardService, GZS, Easycash, and Telecash (FDC subsidiary).
Over the years, major domestic banks have independently developed their acquiring business, one line and one network, one city and multiple networks, one cabinet and multiple machines, one machine and one card phenomenon is common. The "Gold Card Project" launched in 1994 is to solve this problem. It is necessary for all commercial banks to carry out system transformation in accordance with unified business norms and technical standards, to achieve one city, one network, one cabinet, one machine, multiple lines of shared networking. . After the establishment of China UnionPay, the establishment of the subsidiary UnionPay business development acquiring business. Providing unified billing services through specialized service organizations has, to a certain extent, avoided vicious competition in the bank card acquiring market and solved the problem of POS repeat placement. In the process of expanding the acquiring market, UnionPay Business can provide professional services for the acquiring bank or collect the orders themselves. In many small cities where UnionPay has no established institutions, it still relies mainly on banks to develop their own businesses. In some places, a number of banks and UnionPay businesses and other specialized service organizations compete for the acquiring market. For a long time, the phenomenon of re-issuing cards in China has been limited, which has limited the potential of the bank card market and has become a major bottleneck in the development of China's bank card industry.
In response to a number of risky incidents involving the use of pre-authorized transactions at the beginning of 2013 at the end of 2013, the central bank recently announced that it would impose penalties on some payment institutions. On March 21, 2014, some payment institutions received the “Notice of the People's Bank of China on the Risks of Bank Card Pre-authorizationâ€. The contents of the notification showed that 10 acquirers had unconfirmed real-name system, and the transaction monitoring was not in place, and the risk event Problems such as poor disposal.
Choosing a suitable payment company's pos acquiring business can not only consider the cooperation threshold, profit sharing and equipment supply price. This is often the misunderstanding of many pos service providers. In fact, it is more important to look at the entire payment company. The comprehensive strength of the platform. For example, some payment companies that have just entered the industry are often eager to develop their business channels, often with ultra-low thresholds and high scores (some even 100%) to attract cooperation with partners, but The immature nature of the entire platform itself and the unfamiliarity of the overall business management, soon pos service providers found themselves tied up, and it was difficult to carry out business machines. At the same time, the ultra-low threshold has led some inferior service providers to join in cooperation. These service providers often cannot provide high-quality services to merchants, resulting in damage to the brand of the entire third-party company, which indirectly damages other service providers.
â— Formalization: Because the industry is related to money, merchants are very concerned about the safety of funds. If your business staff wears and talks informally, it means that your service will not be accepted by merchants.
â— Specialization: Your company personnel must have a certain mastery of professional knowledge so that they can solve the merchant's questions in the first time.
â— Unification: The company's personnel dressing image is best equipped with a uniform uniform, giving people a kind of service that we are the whole company to provide you, and not my personal.
Merchants must first review their qualifications in order to avoid some illegal elements mixed into it; daily card-sweeping process must educate merchants to avoid economic losses caused by black card and small ticket loss;
Third-party payment POS machine receipts must be read!