Business Intelligence on Retailing, Franchising, and Consumerism in China

Alipay Works To Protect Online Chinese Shoppers, the Chinese third-party Internet payment platform and a subsidiary of the B2B e-commerce group Alibaba, has launched a joint security and risk control program with major Chinese banks.

Starting from last month, if the identity information of the person who orders goods via the Internet is not the same as that of the one who pays, the transaction will not be fulfilled.

With the help of an enhanced source identification system, the new security measure involves checking of the identification of users who open the payment pages on the website. Once the user who opens the payment pages is found to not be the person who actually pays, the payment services will be stopped. This new campaign of is mainly to fight phishing websites.

So far, some Chinese banks, including China Merchants Bank and China Construction Bank, have adopted this new system and the incidence of related security cases was reportedly reduced by 98%. More Chinese banks are expected to reach similar cooperation with to cover more Alipay and Internet bank users in China.

1 Comment on "Alipay Works To Protect Online Chinese Shoppers"

  1. Orlando C. Brown | September 15, 2010 at 7:57 am |

    Hello, I have recently try to purchase from an ex company by the name of Shanghai Yuetai Industrial Co., Ltd.
    Rm. 208, Building 7, No. 28, Nanhang Highway, Nanqiao Town, Fengxian Dist,Shanghai,china
    86-13030 -853568

    This is a bogus company and they are using the website address: This company has stolen $360.00 + $36.00 for the western union payment. Please don not buy from this company and any other without verifying. The person who picks up the money name is Bing Li and here is some additional information ffor there emails: Hachya ms Chessy Ms Bonnie Ms Angelia ms Valena ms Fabiola

    Please be careful of this company.

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