Party Payment Research Articles

The Impact of Third Party Payment on China's Commercial Banking

The rapid development of social economy and science and technology not only promotes the development of Internet finance, but also has a major impact on people's daily life. While people’s lifestyles are gradually changing, the consumption structure is changing. This led to the emergence of an independent institution with certain strength and credit guarantees, which facilitated the online payment model of transactions between the two parties by connecting to the Internet-third-party payment docking. In the most basic third-party payment model, after purchasing the goods, the buyer transfers to the account provided by the third-party platform for payment operations. That is, the payment is paid to a third party, and the third party notifies the seller of the payment account and requests delivery. After the buyer receives the goods, check the goods and confirm that the goods are correct, then notify the third party to confirm the payment; then the third party transfers the money to the seller's account. Although the development time of third-party payment is not long, even far less than the banking industry, its development speed is extremely rapid, and the scope of development is also expanding. The rapid development of third-party payments and the penetration of business scope overlap with the business operations of commercial banks. This has had an impact on commercial banks, prompting commercial banks to accelerate the pace of reform and strive to adapt to the development requirements of the market.This paper mainly studies the relationship between third-party payment and commercial banks, combining the development status of the two, competitive advantage and competitive disadvantage. Analyze the impact of the rapid development of third-party payment on commercial banks at this stage, and combine the current economic, social and technological development to find corresponding solutions.

Third Party Payment System In Business Healthcare

Occupational health companies that do not provide products or services directly to patients generally share the same operating environment as companies in other industries. For example, machine tool makers Cincinnati Milicron and GE Medical Systems sell their products in much the same way.Cincinnati sells its machines directly to manufacturers who use them to make other products, and GE Medical sells diagnostic equipment directly to hospitals, clinics and other facilities that use its equipment for diagnostic tests. The prices that both companies charge for their products are set in a competitive marketplace, making it relatively easy for buyers to distinguish between competing products. In general, the more expensive the product, the better the performance, and performance can be judged by more or less objective metrics. For example, in some sectors of occupational health and most other sectors of the economy, consumers of products or services have many suppliers to choose from, distinguish the quality of competing products or services, and Can (probably) act and make decisions rationally. As for the quality and price of the purchase, we will bear the full purchase cost. However, for the most part, the provision of health care in the workplace has its own way of doing things. First, there are often only a few companies offering a particular service in your neighborhood. Moreover, it is very difficult, if not impossible, to assess the quality of competing services.Decisions about which aids to purchase are typically made by physicians or other clinicians, not by the consumer of these aids. Payments to providers are generally made by third-party payers, not by users of the assistance. Finally, for most people, third-party health insurance is fully or heavily subsidized by employers or government agencies, leaving patients largely isolated from professional medical bills.

Investigation and application of key technologies of aggregated flash payment based on marketing blockchain in the context of massive distributed generation grid connection

Abstract Optical flash payment technology is a form of optical flash payment application. Its payment scenario is mainly to directly realize “card free payment” in the consumption process through mobile devices, Bluetooth and other connection methods on mobile terminal devices such as smart phones under the mobile Internet environment. The “flash payment” is a more convenient payment method and a new payment channel without the function of electronic wallet. Compared with the current mainstream payment methods, it is more collaborative and complementary. Aggregated payment is a fourth party payment platform, which is different from Alipay, WeChat and other third payment platforms. Aggregated payment is a combination of technology and a platform that combines multiple payment methods. Based on the background of massive distributed power generation connected to the grid, this paper studied the key technologies of flash payment in combination with marketing blockchain, and discussed the data sharing mechanism of marketing information in multiple scenarios from the perspective of marketing blockchain by studying the data sharing mechanism in different scenarios. In this paper, a distributed optical flash payment system and a blockchain based encryption algorithm were proposed. Based on this research, the experimental results of key technologies of aggregated optical flash payment based on marketing blockchain were analyzed. The experimental results in this paper showed that 38.7 % of the users contacted the aggregation payment through the online platform. 11.7 % of people communicated through chatting with friends, and 9.8 % of enterprises got in touch through preferential policies. 4.5 % of them publicized through the media, and 8.3 % made requests through payment plans. 21 % of them transferred money through remittance, and 6 % of them got it through other ways. When using aggregate payment, the main reasons for users to choose aggregate payment were the network, friends chatting, and the acceptance of other people’s remittances. In the case that users used aggregate payment services, they most often used transfer and remittance, and most of these purchases were paid through mobile payment and credit card. In terms of users’ use of third-party services, it could be seen that transportation services and movie tickets were the most common ways of use. In terms of the aggregation payment strategy, the improvement of the three levels of aggregation payment could improve the risk prevention ability. First, the complaint mechanism was established to detect and correct potential vulnerabilities in the system in a timely manner. Second, consumers’ sense of self-protection should be strengthened. Third, the legal construction of the payment industry should be promoted to increase the strike force against illegal use.

Perceived Experience of Old Adult Patients with Services provided in the Tertiary Level Hospitals in Kathmandu: A Cross-Sectional study

Introduction: Most old adults are vulnerable to multiple non-communicable diseases and need extensive care, treatment and support for a good quality of life. The main objective of this study was to identify the old adult patient’s perceived experience with the care provided in the tertiary level hospitals under the Institute of Medicine, Tribhuvan University, Kathmandu, Nepal. Methods: The cross-sectional study was conducted among 404 old adult patients admitted with non-communicable diseases in two tertiary levels University Hospitals in Kathmandu, Nepal. An interview schedule was conducted with hospitalized old adult patients to collect data using a consecutive sampling technique. Results: Most participants [208 (51.5%)] were from the age group of 60 to 69 years with a mean age (± SD) of 71.1 (± 9.7) years. One-fourth [103 (25.5%)] of them were financially independent. Two hundred thirty-three (57.7%) were admitted with a single diagnosis. Two hundred forty (59.4%) participants bore their hospital expenses with out-of-pocket payment, and 40.6% were covered by a third party payment. The majority of them (86.1%) had the experience of finding approachable health personnel in the hospital whereas 82.7% felt that the cost of treatment was higher than expected. 80.4% perceived that access to the hospital service (e.g. getting the outpatient tickets) was user-friendly. However, only 10.9% experienced follow-up visits user friendly. Conclusions: The hospitals where this research was done have a relatively high standard of care for old adult patients. Old adult-friendly health policy, physical environments of the hospital, and advocacy for them should further be considered in the tertiary level hospitals for the benefit of old adult patients.

The Social Selection of the Third Party Payment Technology in China on the Social Shaping of Technology Perspective

Compared with QR code payment technology, NFC near-field payment has more advantages of safety and easy using than before; however, QR code payment technology had become the mainstream payment method in China mobile payment market. In this regard, the traditional technological determinism is difficult to fully explain the phenomenon. But, the social shaping theory (SST) could provide a new thinking to expound the historical queries. Based on the research perspective of SST, this paper takes Alipay's QR code payment technology as a case study, analyzed the impact of various social factors on the diffusion of QR code payment technology and explored the strategy of technology commercialization.

Game between the third party payment service provider and bank in mobile payment market

With the innovation and integration of the Internet and the financial industry, the third-party payment market has developed greatly and has great potential. This paper discusses the duopoly game between third-party payment service providers and banks, which are the main participants in the mobile payment market. By constructing Nash game model, the conditions of equilibrium point, stability and bifurcation are analyzed. The effects of adjusting parameters and cooperation coefficient on business volume and profit are discussed. The conclusions are as follows: excessive investment will lead to unpredictable fluctuations in the market and fall into chaos; By strengthening cooperation, all participants in the mobile payment industry chain can improve business volume and profits while curbing chaos in the mobile payment market.

870-P: Patient Factors and Engagement of Care in Type 2 Diabetes in Phnom Penh, Cambodia

Cambodia is developing its response to non-communicable diseases including the increasing prevalence of diabetes. Third party payment for care is limited therefore much of the financial burden is left to the patient. The Community Medical Center (CMC) is an NGO-sponsored outpatient clinic in Phnom Penh which started a diabetes specialty clinic in 2013 in the absence of endocrinologists by relying on a corps of internists. This corps plays a critical role in monitoring and treating patients over time given the chronic nature of the disease. Multiple visits annually are considered standard of care in the developed world. The CMC team launched a database tracking all patients in 2015 and had enrolled 3634 patients with T2DM as of January, 2019. Complete data sets were available for 3570. We performed a fixed effects regression analysis to identify patient characteristics at the initial visit that might impact engagement in care (ENC), defined as fully engaged if patient had at least 2 follow-up visits within the first year of enrollment (FENC), or partially engaged (one f/u visit) PENC. Of the patients enrolled, 2,019 met criteria for FENC, 420 met criteria for PENC, and 1,131 were not engaged. In a fully adjusted model, receiving financial assistance for health expenses had the greatest impact (β = 0.382, p<.001) on ENC. Taking antihypertensive medication was also associated with ENC (β = 0.141, p<.001). BMI > 35 was negatively associated with ENC (β = -0.280, x p<.05). Proximity of residence to CMC, presence of complications, A1C level, and use of insulin were not significantly associated with ENC. This is the first large longitudinal study of its type in Cambodia. Assistance with cost of care to the patient had the strongest positive correlation with ENC. Further research is needed to better understand the factors that lead to ENC in resource challenged environments such as Cambodia as well as guide what modifications can be made to programs. Disclosure J. M. Vicencio: None. S. Peng: None. P. Menh: None. P. G. Curran: None. M. Hudson: None. Funding Peco Foundation

The Impact of Third Party Payment on Urban Residents’ Clothing Consumption

The Impact of Third Party Payment on Urban Residents’ Clothing Consumption

Equity lessons from a large scale private-sector healthcare intervention in Ghana and Kenya: Results for a multi-year qualitative study

Background: The poor fall sick more frequently than the wealthy, and are less likely to seek care when they do. Private provision in many Low- and Middle-Income Countries makes up half or more of all outpatient care, including among poor paitents. Understanding the preferences of poor patients which impel them to choose private providers, and how 3 rd party payment influences these preferences, is important for policy makers considering expansion of national health insurance financing to advance Universal Health Coverage. This paper reports on the results of a qualitative evaluation of the African Health Markets for Equity intiative (AHME), a multi-year initiative in Ghana and Kenya to increase options and improve quality for outpatient services, especially for the poor. Methods: Interviews with patients from private clinics were conducted annually between 2013 and 2018. Field staff recruited women for exit interviews as they were leaving these clinics. In the final round of data collection (2018), interviewers screened patients for wealth quintile and selected one third of the sample (approximately 10 patients per country) that fell into the two lowest wealth quintiles (Q1 and Q2). Transcripts were coded using Atlas.ti and coded for analysis using an inductive, thematic approach. Results: We found four primary drivers of patient preferences for private clinics: convenience; efficiency and predictability, perceived higher quality, and empowerment which was derived from greater choice in where to go. Conclusions: Our findings indicate that more options will lead to more opportunities for treatment, and decrease the percentage of those, mostly poor, who become ill and go without care of any kind. This should be considered as a priority by policy makers seeking to make the best use of existing national infrastructure and expertise to assure equal health for all. In this way, private providers offer an opportunity to advance national goals.

Equity lessons from a large scale private-sector healthcare intervention in Ghana and Kenya: Results for a multi-year qualitative study.

Background: The poor fall sick more frequently than the wealthy, and are less likely to seek care when they do. Private provision in many Low- and Middle-Income Countries makes up half or more of all outpatient care, including among poor paitents. Understanding the preferences of poor patients which impel them to choose private providers, and how 3 rd party payment influences these preferences, is important for policy makers considering expansion of national health insurance financing to advance Universal Health Coverage. This paper reports on the results of a qualitative evaluation of the African Health Markets for Equity intiative (AHME), a multi-year initiative in Ghana and Kenya to increase options and improve quality for outpatient services, especially for the poor. Methods: Interviews with patients from private clinics were conducted annually between 2013 and 2018. Field staff recruited women for exit interviews as they were leaving these clinics. In the final round of data collection (2018), interviewers screened patients for wealth quintile and selected one third of the sample (approximately 10 patients per country) that fell into the two lowest wealth quintiles (Q1 and Q2). Transcripts were coded using Atlas.ti and coded for analysis using an inductive, thematic approach. Results: We found four primary drivers of patient preferences for private clinics: convenience; efficiency and predictability, perceived higher quality, and empowerment which was derived from greater choice in where to go. Conclusions: Our findings indicate that more options will lead to more opportunities for treatment, and decrease the percentage of those, mostly poor, who become ill and go without care of any kind. This should be considered as a priority by policy makers seeking to make the best use of existing national infrastructure and expertise to assure equal health for all. In this way, private providers offer an opportunity to advance national goals.

Research on current situation, risk and Control Strategy of Third-Party payment in China

With the rapid development of third-party payment in China, platform operation safety has become the most concerned issue. Based on the analysis of the expansion of third-party payment business in China, the scale of users and the scale of payment transactions, this paper explores the operational risks of the third-party payment platform in China. The influence factors of risk and the evolution of causality are analysed. On this basis, how to control the third party payment risk is discussed.

The effect of National Health Insurance on private health expenditure in Taiwan: crowd in or crowd out?

Taiwan’s National Health Insurance (NHI) program was implemented in 1995. The provision of publicly financed insurance has been hypothesized to 'crowd-out' private healthcare expenditure. However, the nature of the third party payment structure of insurance can cause national health expenditure to increase at a faster rate than before. Increased access to health care increases people's standards for what illnesses merit medical intervention; this increase then leads to further increases in demand for healthcare. As a result, it is hard to predict the extent to which private healthcare consumption is actually crowded out, without careful analysis. It is therefore of interest to investigate the relationship between private and public health expenditure, controlling for economic factors. Panel vector autoregression (VAR) and generalized method of moment (GMM) models are used to look at the dynamic interactions between public and private healthcare expenditure, controlling for district-specific fixed effects as well as year-specific effects. Panel unit root tests and panel cointegration are also examined in line with the general procedures for panel studies. Health expenditures in Taiwan's 23 districts from 1983 to 2016 serve as our unit of analysis; this span of years includes the implementation of single-payer National Health Insurance in Taiwan. Our empirical results reveal that (i) national health insurance spending crowded out private health spending, suggesting that an alleviation of individuals’ financial burden took place; and (ii) individuals’ out-of-pocket spending on healthcare had a positive impact on public expenditure pre-NHI, and in poor districts, a positive impact post-NHI as well. These results have two implications: (i) poor districts were under-served in terms of healthcare; (ii) wealthy districts experienced a shift in financial burden from providers to patients, perhaps fueled by supplier-induced demand in response to the stringent NHI-reimbursement scheme.

Perceived Barriers Among Healthcare Professionals for Access to Physical Therapy Service in Saudi Arabia

Abstract Objective To examine physical therapy scope of practice and to describe the barriers and facilitators for access to physical therapy services as reported by healthcare professionals in Saudi Arabia. Methods Ninety physical therapists from the 6 hospitals in the cities of Riyadh, Jeddah, and Dammam were surveyed by the cross-sectional questionnaire. The questionnaire was distributed through email invitation or in-person. The questionnaire was developed to determine the perceived barriers to direct access to physical therapy service among healthcare professionals. Results The present study had a response rate of 77.7% (70 out of 90 physical therapists). Majority of the participants were in the age group range of 21–30 years (41.4%) and 68.6% of the respondents’ highest educational qualification is a Baccalaureate degree. The gender distribution showed that the majority of the respondents were female (51.4%). More than a quarter of the participants had a clinical experience that ranges from 6 to 10 years. Majority of the participants were working in the city hospital (88.6%). Most of the participants strongly agreed or -agreed that the factors included in the questionnaire such as geographical accessibility, availability, affordability, and acceptability of services were barriers to provide access to physical therapy services in Saudi Arabia. Conclusions This study documents many of the perceived barriers for access to providing physical therapy services in Saudi Arabia such as geographical accessibility, availability, affordability, and acceptability of services. Furthermore, the identified barriers could be used as a framework by policymaker and the third party payment system in order to further improve access to physical therapy services in Saudi Arabia.

A Comparative Study on Technology Readiness Index of Third Party Payment Service Between Korea and China

A Comparative Study on Technology Readiness Index of Third Party Payment Service Between Korea and China

INFLUENCE OF THIRD PARTY SYSTEM ON RATIONAL DRUG USE IN A TERTIARY HOSPITAL IN BENIN CITY NIGERIA: EXPLORING SYSTEM DYNAMICS

Catastrophic spending is a major limitation of access to quality health care especially in developing countries. Health insurance enables resource pooling and burden sharing serves as a way of eliminating the challenges. The study assessed the level of rational drug use in National Health Insurance Scheme (NHIS) andnon-NHIS facility based on World Health Organization’s (WHO) Standard Drug Use Indicators to generate data for planning and policy. The study was a cross-sectional survey. Drug utilization in the NHIS and non-NHIS facilities was benchmarked withthe WHO Standard Drug Use Indicators.The data was summarized with descriptive statistics. The average number of drugs prescribed per encounter was 3.92 (with range 3.80 – 3.97) for the NHIS clinics and 3.15 (with range 3.05 – 3.30) for the General Practice Clinic (GPC). The average percentage of drugs prescribed from the National essential drugs list was 80.46 (range 40.18 – 92.90) and 90.10 (range of 86.38 – 94.37) for the NHIS and GPC clinics respective. The average percentage of encounter with antibiotics was 12.77 (range 6.48 – 15.44) and 12.86 (range 10.22 – 15.46) for the NHIS and GPC clinics respectively. the third party payment system operational in the NHIS facility negatively influenced drug utilization.

The current situation, development and prospect of third party payment industry

With the rapid development of electronic commerce in China, it has promoted the development of other industries. Among them, third party payment has been born and widely used by the people. At present, third party payment platform has become the closely related part of electronic commerce. Third party payment platform is safety payment service on the Internet, it can protect the both transaction and property security. Third party payment as an emerging industry is accompanied by the development of electronic commerce, it objectively has promoted the industrial transformation and changed the people’s lifestyle. Because the third party payment market has developed rapidly, third party payment industry still has certain problems need further strengthening and perfecting.

Research on Problems and Strategies on Network Accounting Based on Third Party Payment

With development of the network for accounting information system to provide the maximum, an all-round information support. The accounting of environment change promoted the development of the network accounting based on third party payment. Network accounting has many advantages in timeliness, completeness, relevance, and sharing. But the network accounting in the process of the development will still exist all sorts of different problems. In this paper, the healthy development strategies have been put forward in order to make the network accounting better, healthier and steady development.

Payment of Reparation by Third Parties Changing the Prosecution and Sentencing Landscape

Under the Sentencing Act 2002, a court may impose a sentence of reparation if an offender has, “through or by means of an offence of which the offender is convicted, caused a victim to suffer loss of or damage to property, emotional harm or loss or damage consequential on any emotional or physical harm or loss of, or damage to, property.” When reparation was first introduced as a sentence in its own right in the 1983 Criminal Justice Bill, it was promoted as being “consistent with both reformative and deterrent theories of the purpose of punishment”, compensating victims and holding offenders to account. Reparation is determined by reference to the loss or harm suffered by the victim and the offender’s financial means. Over time, this has developed to include the capacity for third parties (including insurers and family members) to pay. In such cases reparation is not dependent on the offender’s personal financial circumstances, the offender does not personally pay, and the victim receives compensation where they may otherwise not do so. However, it is arguable that by shifting the cost of reparation from the offender to a third party, the original policy reasons for the sentence of reparation are undermined. The purpose of this paper is to consider the impact of third party payment of reparation on prosecution decisions and sentencing.

Research on Optimal Anti-money Laundering Model Based on E-Commerce Environment

This study will be online anti-money laundering as the research object. According to the characteristics of China's online money laundering, and build a game model composed of money laundering people, third party payment institutions, commercial banks and regulatory agencies. This model is used to analyze the social welfare loss caused by “money laundering” and “anti-money laundering”. Based on the cost-benefit analysis and game theory, this paper studies the utility function and behavior strategies of market players, and the model is simulated, and put forward relevant policy and recommendations to curb online money laundering.

The Influence of Internet Finance on Commercial Banks and Countermeasures—the Impact of Third Party Payment on Commercial Banks

The third party payment has become a very important part of the financial service industry in the new era. It has also become the core pillar of the rapid development of the related industries of the Internet and economy in China. It is the forward driving force for the future development. At the same time, third-party payment technology to promote the e-commerce-related business development, for the e-commerce industry has brought huge profits. However, the development of third-party payments has also brought little impact to commercial banks: in the face of the growing electronic payment market, commercial banks have actively introduced corresponding countermeasures to deal with the impact of third-party payments on them and hit.