Is Yinfutong legal?

This is legal.

Yinfutong (Fujian) Information Technology Co., Ltd. (hereinafter referred to as "Yinfutong") is a professional payment enterprise approved and registered by Fuzhou Administration for Industry and Commerce, Fuzhou Taxation Bureau and Fuzhou Bureau of Quality and Technical Supervision. Its business scope is "computer network technology development, technology transfer and technical services; Investment and investment management in software industry, real estate industry, construction industry, agriculture, finance industry, accommodation industry and catering industry; Undertake the design, agency and release of all kinds of domestic advertisements. At present, it is a third-party service company authorized by China UnionPay merchants to pay POS.

Most online payment platforms are third-party service companies authorized by China UnionPay merchants to pay POS.

Online transaction transfer and clearing platform based on "UnionPay online payment".

1, "UnionPay Online Payment" is a bank card online transaction transfer and clearing platform built by China UnionPay to meet the online payment needs of all parties. It is also the first integrated online payment platform with financial pre-authorization and guaranteed transaction functions in China, which fully supports all kinds of UnionPay cards.

2. UnionPay online payment is a bank card online transaction transfer and clearing platform jointly built by China UnionPay and commercial banks. It covers verification payment, fast payment, micropayment, stored-value card payment, online banking payment and other payment methods, and can provide "safe, fast, multi-choice and global" payment services for online shopping, water and electricity payment, business travel reservation, transfer repayment, fund subscription, charitable donation and corporate collection and payment.

3. "UnionPay Online Payment", as an integrated and comprehensive tool for UnionPay Internet payment, covers verification payment, fast payment, stored-value card payment, online banking payment and other payment methods, and is widely used in shopping payment, repayment transfer, business travel service, fund subscription, enterprise collection and payment and other fields. Multi-security technical support, real-time risk monitoring, fully guarantee payment security. Different from other secured transactions, the financial pre-authorization secured transaction of "UnionPay online payment" is to freeze the transaction funds in the cardholder's own bank account, avoid the risk of interest loss and misappropriation of funds, and protect the rights and interests of banks, merchants and cardholders to the maximum extent.

4. UnionPay online payment is the key innovative business of China UnionPay, which has far-reaching significance for the development of electronic payment and e-commerce industry in China, and also pushes online payment of bank cards in China to a new era. China UnionPay will continue to adhere to the concept of "service, innovation, responsibility and * * * win-win", sincerely cooperate with various cooperative institutions, make joint efforts, constantly meet the increasingly diversified and personalized online payment needs, and promote the rapid and healthy development of China's electronic payment industry.