E-Pay is a third-party payment platform, established on 20121016. Users need to bind E-PayPal to withdraw cash when they withdraw it at Tik Tok. He Zhong Payment is a third-party payment platform launched by Wuhan Hezhong Yibao Technology Co., Ltd. (hereinafter referred to as "He Zhong Yibao"), with a registered capital of 654.38 billion yuan, which is wholly owned by Zhongfa Industry (Group) Co., Ltd.
The company's specific business scope includes: Internet payment; Information services in the second type of value-added telecommunications services; Design, development, technical service and system integration of financial software; Bank data information processing and analysis; Engaged in bank back-office services and business process services by undertaking service outsourcing.
Payment characteristics:
1. The third-party payment platform provides a series of application interface programs, integrating various bank card payment methods on one interface, and is responsible for docking with banks in transaction settlement, making online shopping faster and more convenient. Consumers and businesses do not need to open different accounts in different banks, which can help consumers reduce online shopping costs and help businesses reduce operating costs; At the same time, it can also help banks save the cost of gateway development and bring some potential profits to banks.
2. Compared with payment protocols such as SSL and SET, using the third-party payment platform for payment operation is simpler and more acceptable. SSL is a widely used security protocol, which only needs to verify the identity of the merchant. SET protocol is a mature technology based on credit card payment system.
3. However, in SET, the identities of all parties need to be authenticated by CA, which has complicated procedures, numerous procedures, slow speed and high implementation cost. With the third-party payment platform, the negotiation between merchants and customers is completed by a third party, making online transactions easier.