Cloud payment refers to a new generation of payment modes based on cloud computing architecture, relying on the Internet and mobile Internet, using cloud payment terminals as carriers, and providing customers, including individuals, families, merchants, and enterprises, with a variety of cloud services, such as settlement, financial services, information, e-commerce, vertical industry applications, and big data, based on secure payment.

Cloud Payment Terminal--Providing Secure Services Anytime, Anywhere

Cloud payment terminals are available in a variety of forms, including payment devices used in conjunction with smartphones and tablets, as well as other intelligent multimedia cloud POS that use smart operating systems such as Android, such as Lakala Open Shop Bao, UnionPay Cloud POS terminals. Compared with traditional payment terminals, cloud payment terminals have four major features: 1. based on the openness of a better intelligent operating system 2. based on the Internet and mobile Internet 3. support for touch, large color screen, experience 4. of business presentation capabilities and interactive capabilities to support complex business [1] ?

Cloud Payment Pipe End - Remote Intelligent Monitoring and Management Terminal

Guarantee the safety and stability of terminal operation as well as data interaction ?

The cloud payment management terminal covers various multi-channel communication technologies such as 3G, 4G, LAN, WIFI and other broadband-based communication technologies, including the Internet and mobile Internet, to ensure the security of terminal transactions and data transmission.

At the same time, it can proactively monitor the operation of each terminal, troubleshooting and early warning functions, improve the timeliness and accuracy of services, and reduce operation and maintenance costs; Cloud Payment Manager can remotely and intelligently update the application programs, data, and parameters, and quickly meet the needs of new business on-line.

Cloud Payment Cloud - a cloud platform that realizes expandable applications

Cloud is based on the collection of various customer data from terminals, and through the back-end big data analysis, it can help banks/third-party carriers carry out data integration and realize precise marketing; the continuous launch of new applications makes the transaction cloud platform infinitely expandable, which can be pushed out actively or pushed out by customers at any time. New applications are constantly being introduced, making the transaction cloud platform infinitely expandable, and various application services can be proactively pushed or downloaded by customers on demand at any time.

Cloud payment business model to ensure security at the same time, the user experience, business aggregation capabilities and scalability, is a commercial bank / third-party payment operators for resource and channel integration, financial and non-financial services sales ecosystem of important means and trends [1] ?

Cloud payment development history:

Exploration period (1993-2006)

In 1993, with the bank card network generalization as a symbol, the bank card acquiring market started, followed by the emergence of the bank entrusted professional service institutions single acquiring mode, that is, each card issuer through the commissioning of professional services to achieve the development of merchant contracting and terminal equipment deployment and maintenance work

Launched

Start-up period (2007-2012)

In 2007, telephone POS, which is characterized by thin terminal technology, began to be promoted on a large scale. Its early prototype as a cloud payment, using the traditional communication method of telephone lines, and its configuration of transactions by means of commands, making it a business with good configurability and scalability .

In 2009, SOA, SaaS, PaaS and other technologies have made substantial development, cloud computing as an emerging resource use and delivery model began to be recognized, and quickly be applied to the payment industry.

In 2010, the People's Bank of China issued the "Non-Financial Institutions Payment Service Management Measures", the payment industry policy environment is favorable, the cloud payment market quickly adjusted to start .

In 2012, the state allocated funds for the construction of UnionPay's cloud computing platform, which became a milestone in the development of cloud payment from the conceptual exploration stage to the direction of actual business expansion. UnionPay put forward the direction of business integration under the "Union Cloud" structure, and comprehensively innovated integrated payment services and cloud business.

Centered on user demand to achieve full coverage of terminals, in 2013 officially launched the "open store treasure" project, just one year official data show that 300,000 cloud POS terminals have been stationed in convenience stores.

Shengteng information in 2013 also formally launched a cover "cloud - management - end" three levels of "wisdom to pay" cloud payment overall solution. Relying on cloud computing architecture and mobile Internet technology, based on a variety of forms of payment terminals, through LAN, WiFi, 3G, PSTN and other all-round communication networks, to provide personalized, scalable and integrated non-cash financial services to various types of customers such as individuals, families and enterprises, including payment, settlement, investment and wealth management, marketing, advertising and other businesses.

High-speed development period (2013-2018)

The security of cloud payment business, user perception and other issues have been resolved, and the standardization of technology has also contributed to the maturity of the cloud payment business model, and the key driving factor for the development of the industry and enterprises has begun to shift to the promotion of user demand, and the banks and the third-party payment enterprises have begun to shift from the pursuit of market scale to the pursuit of both market scale and profit. Banks and third-party payment enterprises have begun to shift from purely pursuing market scale to pursuing market scale and profit. At this stage, the operation environment of multi-application bearing payment terminal is basically perfect, and the acquiring industry chain has been further upgraded.

Application maturity period (2018-present)

The industry then enters the application maturity period, and the degree of market acceptance and industry penetration of cloud payment products or applications reaches its peak. Under the multiple impetus of end-user usage and acquirers and merchants, the cloud payment market was able to maintain relatively stable growth. Bank card acquiring pattern is basically fixed, due to the user's new consumer preference development, industry services further segmentation development.