Industry News

Say to your phone, 'Help me book a movie ticket for 2pm and buy a cup of iced American coffee on the way.' After just a few seconds, you can select a seat, compare prices, and place your order. This is not a scene from a science fiction movie, but rather the entry of intelligent payment into everyday reality. When artificial intelligence transforms from a "strategist" to a "spending assistant", a question always hangs in the minds of users: can artificial intelligence really manage my money?

 

Recently, the China Payment and Clearing Association (hereinafter referred to as the "Association") issued the "Self discipline Convention on Intelligent Agent Payment Applications" (hereinafter referred to as the "Convention"), which will be implemented from the date of publication. It is reported that the Convention applies to member units of associations that carry out intelligent agent payment applications, including member units that provide account management, transaction processing, acquiring, transfer clearing and other services in intelligent agent payment applications. The intelligent agent payment application referred to in the Convention refers to the use of artificial intelligence technologies such as large-scale models by member units, under the premise of user authorization, to interact with digital services such as e-commerce using intelligent agents and initiate and execute payment instructions based on the user's true intention. An intelligent agent refers to a software system that perceives the environment and takes proactive actions to achieve specific goals.

 

At present, artificial intelligence technology is accelerating its iterative evolution, profoundly changing human production and lifestyle, and reshaping the global industrial landscape. In the early stage, some member units expressed to the association that they have carried out exploration and practice of intelligent payment, but lack industry unified and referenceable standard rules. They hope that the association can issue relevant self-discipline guidance documents. "The relevant person in charge of the association introduced that in order to implement the requirements of the" Opinions of the State Council on Deepening the Implementation of the 'Artificial Intelligence+' Action "and other requirements, orderly promote the integration and development of artificial intelligence and payment clearing industry, guide the safe, compliant and sustainable development of intelligent payment applications, under the guidance of the People's Bank of China, the association has jointly studied and formulated the" Convention "with member units, clarifying the principles and requirements that must be followed when carrying out intelligent payment applications.

 

Wang Pengbo, chief analyst of the financial industry of Broadcom Consulting, believes that there are more attempts to connect various agents to the payment link in the current market, relevant practices driven by Internet giants and various platforms are constantly landing, and it can be seen that supporting agreements and industrial chain ecology are also rapidly building. However, it should be noted that there are still many ambiguous areas in the relevant segmented markets, such as the lack of unified consensus on business rights and responsibilities, risk disposal, and the lack of unified standards for data management and consumer rights protection. Therefore, the introduction of the Convention is of practical necessity. It can effectively guide market innovation, limit technological innovation within a safe and controllable range, reduce potential risks such as anti money laundering and fund security derived from disorderly exploration, and provide clear business references for market participants.

 

The reporter learned that the Convention places emphasis on strengthening security management, preventing and resolving risks, and protecting the legitimate rights and interests of users, in order to better coordinate development and security. The relevant person in charge of the association introduced that in terms of intelligent agent management, the Convention requires member units to further explore and establish a "know your agent" mechanism based on "know your customer". At the same time, strengthen cooperation risk management with external intelligent agent developers and service providers. In terms of authorization management, member units are required to clarify the authorization boundaries of intelligent payment applications and sign clear authorization agreements with users. Take effective measures to strictly verify user identity and transaction intention.

 

In terms of risk prevention, member units are required to establish a hierarchical and classified management mechanism, and strengthen fund security management through transaction limits and other means. Wang Pengbo believes that the most noteworthy part of the Convention is first to clarify the responsibility attribution of payment related core links and to strengthen the main responsibility of licensed institutions; Secondly, it emphasizes the establishment of a recognition and management mechanism for intelligent agents themselves, which is actually consistent with the development of intelligent agent payments by major institutions. This requires setting up pre verification, risk testing, and emergency response requirements for intelligent agents to independently initiate transactions, while refining arrangements for transaction authorization, risk grading, and user rights protection.

 

From the perspective of the development of intelligent agent technology and the evolution trend of user authorization depth, there are three stages in the development of intelligent agent payment: intelligent agent assisted payment, intelligent agent autonomous payment under preset conditions, and general condition intelligent agent autonomous payment. Member units should prudently explore the application of intelligent agent initiated payment transactions and other intelligent agent payment applications. "The relevant person in charge of the association stated that, under the guidance of the People's Bank of China, the association will organize supervision of the implementation of the Convention by member units.

 

(