Electronic sales and online POS machines are in chaos, and have been severely cracked down by major payment institutions. In the offline market, phenomena such as card maintenance and credit limit increase are prevalent. Behind the use of offline stores to carry out business, there are people But he was caught because he specialized in cashing out POS machines and raising cards.

Written by | Zhang Haodong

Produced by | Payment Encyclopedia

After the POS machine of the merchant of your choice is closed, raise Card and other activities have been temporarily affected, but this has not long-term affected the card maintenance business, which has huge market demand. In addition to using POS machines to swipe cards, a large number of professional card maintenance stores play an important role and fully meet the needs of cardholders. .

Recently, CCTV news reported that the Public Security Bureau of Zhongmou County, Zhengzhou City detected a case of cashing out maintenance cards at a special POS machine. 8 people involved in the case used offline shops to withdraw their maintenance cards. amount of business, involving more than 30 million yuan.

The solution of this 30 million POS case was caused by a credit card theft incident. Due to this credit card theft, more than 8 local businesses were involved in the fraud. The store, which mainly engaged in card and cash-out businesses, was eventually closed down, and eight people involved were also arrested by the police.

Cardholder Zhao is an ordinary credit card enthusiast. His pursuit of credit limit led him to find a small street store to maintain his card. , in the process of handing over his credit card to others to maintain the card and increase the credit limit, after 10,000 yuan was swiped from Zhao's credit card, the shop owner delayed repaying it.

Zhao later discovered that the owner of the store was out of contact, no one answered the phone, and the offline store was closed. During the process of maintaining his card, Zhao swiped 10,000 yuan on his card. Consumption is forced to pay for itself.

Zhao, who was deceived, reported it to the public security agency. After investigation, the police found that the store, under the guise of selling POS machines, was actually carrying out illegal card maintenance and withdrawal. In addition to Zhao's card-raising store, there are many similar stores scattered in different areas.

Under the strict investigation of the police, 8 dens whose main business was to raise card quotas were shut down by the police. The total amount involved reached more than 30 million yuan, and 157 units were seized. POS machines and a large number of credit cards. In the end, the eight people involved were taken compulsory measures on suspicion of illegal payment and settlement.

In fact, the number of such small stores that rely on cardholders to raise their profits has been increasing in recent years, and the competition in the POS machine market has become increasingly fierce. As the situation intensifies, more and more people start to look for new businesses. Making profits by raising credit cards is a new market. There are few players and the market demand is large. You can enter the game by relying on an offline store.

Some of these people used to be POS agents, and some were senior credit card return practitioners. These people have been skirting around policies and regulations for a long time, and the police The crackdown on the use of POS machines to maintain cards has sounded the alarm for other practitioners engaged in the card maintenance business.

According to "Payment Encyclopedia", in the current offline payment market, many shops are using the banner of "credit card services", but in fact they are cashing out , card maintenance business, helping cardholders with capital turnover or repaying credit cards, and charging a certain percentage of handling fees.

This type of shop can be seen everywhere in the streets and alleys, and its business scope is diverse, including credit processing, POS machine processing, credit card maintenance and credit limit increase, credit card repayment, etc. Within, it basically covers the mainstream C-end payment business, but there are also risks of non-compliance.

The rapidly rising number of credit card issuances and the high number of overdue credit cards have stimulated the potential of the card maintenance market. Coupled with the launch of the second-generation credit reporting system of the central bank, those who pay attention to credit reporting have Cardholders have to swipe their cards through POS to achieve on-time repayment.

In the payment industry, POS machine swiping has become an important method of fund circulation for cardholders. Through POS machine swiping, cardholders can transfer the funds stored in their credit cards at a very low cost. The funds are transferred to the savings card to achieve the purpose of on-time repayment. With the capital needs of cardholders, hand-swipe and mPOS have become very popular in recent years.

According to the relevant case filing and traceability standards of the Supreme People’s Procuratorate and the Ministry of Public Security, in violation of national regulations, the use of point-of-sale terminal machines (POS machines) and other methods to conduct fictitious transactions and other methods If a credit card holder pays cash directly and the amount exceeds 1 million yuan, a case should be filed for illegal business operations.

Many cardholders use POS for fund circulation, which is related to the behavior of providing cardholders with cash-out services through POS machines and making profits from it. The difference is that although it does not constitute the crime of illegal business operations, cardholders will be monitored by the card-issuing bank when swiping their cards at the POS.

Previously, the Beijing Banking and Insurance Regulatory Bureau issued the "Regulatory Opinions on Strengthening the Prevention and Control of Bank Card Risks" ("Opinions"), pointing out that the current bank card business faces credit card credit inaccuracies. Prudential and other prominent risk issues require banks to strengthen prevention of bank card account opening risks, strict credit card credit management, and strengthen bank card transaction monitoring.

Many banks have also begun to rectify their credit card business. Some banks have even reduced credit card limits to reduce overdue credit cards. China Guangfa Bank recently issued an announcement stating that credit card transaction restrictions will be implemented in batches.

The bank’s move is mainly aimed at cardholders who have made false transactions at POS machines and used POS machines for abnormal transactions for a long time. When the bank’s credit card risk control model detects that cardholders have used their cards When there are abnormalities in the status, card use safety, card use specifications, and solvency, the bank will proactively take risk protection measures such as lowering the pre-credit limit and suspending card use.

In addition, once the bank discovers that you have used a credit card to make false transactions, in addition to blocking the card, it is also likely to affect your personal credit record. More importantly, if you use an intermediary company and other institutions to conduct the transaction, There is also a risk of personal information being leaked or misappropriated by others.