93. Chapter 93 Innovation and illegality are only one step away

Author: Fan Yitong

Chapter 93 Innovation and illegality are only one step away

After a few pleasantries, Liao Wei introduced to Jin Shang in great detail the first domestic online banking product that Industrial Credit Bank will soon develop.

A few minutes later, although it didn't show on his face, Jin Shang felt very disappointed in his heart.

Industrial Credit Bank's so-called first domestic online banking product only provides information services such as inquiries, complaints, and reservations. It does not have rich functions such as transactions, financial management, funds, and personal banking.

Even the threshold for personal online banking services is not low, and most Internet users simply cannot meet the standards.

To put it bluntly, this so-called online bank is for enterprise-level customers to check their account balances at any time, prevent internal surveillance and theft, and track business flow at any time.

There are no transfer transactions, online payments, or branch linkages.

Not to mention opening up online and offline channels, it is now difficult for branches and sub-branches in different provinces and cities to cooperate with each other for inquiries.

There is no concept of online banking U-Shield, dynamic password, digital password, etc.

"Manager Liao, thank you for your explanation. We really need this online banking product. The service provided by your bank is not bad, but it is still far from what I want."

Although Jin Shang's words were very reserved, Liao Wei could still tell that the current so-called online banking did not satisfy the other party.

"As for innovation in the financial field, the higher-ups are actually very cautious. Those of us who work in the field are actually very limited in what we can do. We can only do what is convenient within the scope of our authority. There is nothing more we can do."

"You are so humble! Being like this can already be of great help!"

The Internet has just emerged not long ago, and it is unrealistic to expect banks to pay much attention to it. Of course, it has come, and if you have any questions, you can still consult in person.

After saying a few complimentary words, Jin Shang raised the issue of the feasibility of the envisioned third-party payment.

After Liao Wei heard this, he asked a few more details. After thinking for a while, he answered clearly:

"Theoretically it is possible, but if you are not careful, you will touch the red line of illegal crimes..."

"Appreciate further details!"

"There are only a few legal provisions and practical operating rules in this area. Only when the conditions are met at the same time can it be considered illegal fundraising..."

Liao Wei tidied it up and then said slowly,

"There are four red lines in total: first, absorbing funds without the legal approval of relevant departments or borrowing funds from legal operations; second, publicity to the public through the media, promotion meetings, flyers, mobile phone text messages, etc.; third, promising to use monetary funds within a certain period of time

, repay principal and interest or pay returns in the form of physical objects, equity, etc.; finally, absorb funds from the public and unspecified objects in society.”

In an instant, Jin Shang understood the true meaning of industry insider Liao Wei's words.

Of the above four items, except for the third one which is questionable, all the others are out of line.

Now there is no such thing as a third-party payment license, and naturally there is no approval from relevant departments, and it is obvious that legal business forms are used to absorb funds; not to mention the second article, which is undisputed and illegal, and is not disclosed to the public.

Publicity, no one knows about it at all, and no one uses third-party payment; there is no room for argument in Article 4. Without absorbing funds from the public and unspecified social objects, there is no way to carry out third-party payment business.

There is only the third rule. As long as you control your hands, there is room for maneuver.

Third-party payment itself does not promise any form of interest or return to anyone, so strictly speaking, third-party payment does not count as illegal fund-raising.

However, there is a blind spot here that requires special attention. All money is opened in the bank. Even the account of a third-party payment company is held in custody by the bank. Since it is a bank account, there will be interest.

Once the amount of liquidity in the account fund pool is large enough, huge interest will be generated.

For example, if the daily trading turnover is 100 million, and the average deposit is 15 days, that is an average daily deposit of 1.5 billion. If you do nothing every year, you will generate interest income of 10 to 20 million. Who will own this income?

buyer?

Seller?

Third-party payment company?

bank?

Before a license is issued and there are clear regulations, third-party payment platforms can only watch and cannot touch the precipitated funds and interest, and they will die at the first touch.

Whether it is owned by oneself or given to a buyer, seller or bank, it will touch the red line of unjust enrichment, transfer of interests or even illegal fund-raising, and one will be jailed.

As far as the current conditions are concerned, doing third-party payment means holding a hot potato that cannot be held or shaken off, and no one will pick it up.

After weighing it for a while, Jin Shang understood that this was not an area that Jinxi Culture could get involved in. Before the annual revenue was less than one billion, don't think about third-party payment. Whether it is legal or not, there would be no such thing.

The banks that have gained the upper hand have opened up a separate business line and payment channel for this small amount of money.

For at least three years, there will be no basis for third-party payment at all, and even the banks themselves have not opened up online transfer channels, so don’t think too much about the rest.

Of course, just because you have no intention of doing third-party payment does not mean that remote transactions cannot be established.

Online banking has opened up an online inquiry channel, which means that as long as Jinxi Culture opens a collection account at the Industrial Credit Bank, it can check remittance information across the country in real time.

Netizens can directly transfer money to Jinxi Culture in the name of advance payment, and then the company will open a membership account for the individual. This is the same as the marketing routine of offline physical stores, such as recharging one thousand and getting two hundred, limited time discounts, etc., it is completely legal.

Compliance, as long as the boss Jin Shang does not abscond with the money, there is no legal risk.

Pay offline, collect online, and allow netizens to consume online in the form of membership recharge cards. This is the only feasible solution now.

If we don't discuss the thorny issue of third-party payment, Liao Wei is still willing to provide Jinshang's company with services such as remote processing of membership card recharge cards.

There is no legal risk, and the business channels have been broadened to meet the above requirements for innovation and creativity, and to facilitate business operations. Although the business volume may be a bit small, the size can be regarded as one of the highlights that can be written into the report.

After nearly two hours of discussion, the two parties reached an agreement on the cooperation framework. All that was left was for the company's finance staff to connect with the bank clerks.

After having a pleasant conversation and exchanging contact information, Liao Wei declined the banquet invited by the father and son on the grounds that he still had clients to receive, and then left.

Jin Shang immediately called Li Xuan.

"Hey, it's me!"

"As I told you the day before yesterday, the concert preview can be sent out. You go to Liu Yanqing and ask him to release the voting statistics section to see how many people are willing to book tickets online."

"Yes, yes, we agreed, and within a week, the remote payment channel will be available. Although it is a lot more troublesome than I imagined, at least the path is smooth."

"There are also football match tickets for the second half of the season. You can also hang them up. Talk to Manager Yan Jinyan, you have seen..."

"In-store shopping coupons and limited-time consumption discounts can be sold online. Third-party advertisements are not accepted for the time being. We do not have the energy to check other people's business qualifications and service quality. Especially what you eat in your stomach, you must be careful. Now,

not the right time yet……"

"Someone wholesales cultural shirts through you? Sell them, why not? Just like this, the garment factory still has the qualifications to pick and choose? Let the garment factory and Party A agree on the specific price and delivery method."

"Guarantee liability? There is a ghost guarantee liability. At present, we are an intermediary, a broker, and we don't charge money. We just contact you, regardless of whether the business is successful or not. Don't make a big deal just because it is my father's business.

Don’t worry, let the professionals take care of the unnecessary things.”

"Go and do your work, I will return to the company later."

After hanging up the phone, Jin Shi, who had seen off Manager Liao Wei, came back, sat opposite Jin Shang, and said somewhat happily:

"I'm afraid that you don't understand the situation and are only thinking about building a third-party payment platform. That thing is just a bank in disguise. When it gets bigger, it will become a self-contained entity and you can do your own business without the bank. Others won't be able to figure out what you are doing.

We are looking for the foundation of the bank, but we will instinctively reject non-compliant business models.”

"It is too small now and lacks strength. It is impossible to negotiate on an equal footing with banks. We will wait for a few years to be honest for the time being."

Jin Shang responded with great self-knowledge,

"What's going on with Manager Liao? He seems a little arrogant and has a tough background?"

"He is not particularly tough, but he is very appreciated by others. Coupled with the top-down trend of younger cadres, he...has caught up with the good times."

"Understood."

There may be a bright future in the future, so there is no harm in getting to know him in advance.

Nowadays, the industries under the leadership of the Jin family and his son are basically family-owned workshops. If they want to grow bigger, they must undergo market-oriented transformation, even capital operation, and public stock issuance and listing.

In this way, it is also important to deal with banks. In the future, Jinxi Culture will even try to introduce a series of strategic investors.

For example, the operation of instant messaging software does not have the approval of the telecommunications department. It is enough to get stuck here and get stuck there. There are also third-party payment platforms that will be involved sooner or later, without the endorsement of a major state-owned bank or sufficient capital.

Sharing the pressure is simply impossible.

After talking about business matters, my father Jin Shi talked about some personal matters.

"You... your performance on TV last night was too sharp. It's hard to be a standout..."

"I know!"

Jin Shang answered clearly,

"If a tree is beautiful in the forest, the wind will destroy it; if it is piled up on the bank, the current will be turbulent; if your behavior is higher than others, everyone will reject it. If you are too different, no matter whether you are excellent or poor, you will be criticized by others.

.”

"Then you still..."

"I need the topic to be discussed."

Jin Shang smiled and interrupted Jin Shi's worried admonishment, and said to himself,

"It doesn't matter if there are some rumors and rumors as long as they don't affect my work and life. If I need to maintain my reputation as an opinion leader among young people, someone must pay attention, examine and even criticize me. Being a little too arrogant or even arrogant is not a bad thing.

, as long as they cannot deny me legally and morally, it is actually a good thing for a small group of people to say a few slanderous words. Even money cannot make everyone like me. I, an ordinary 'young talent',

The way he behaves is a little flawed, but it makes him appear more real."
To be continued...