Research on U.S. Third-party Payment Industry- A Case Study of Western Union

• Main Authors: Ching-Yu Chen, 陳靜瑜
• Other Authors: Man-hua Wu
• Format: Others
• Language: zh-TW
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/58751912436425285141

碩士 === 銘傳大學 === 財務金融學系碩士在職專班 === 102 === In the past era when there was no Internet, people’s trading behavior was realized by face-to-face transaction. In recent years, with the development of e-commerce, more and more people conduct remittances, payments, shopping and other transactions through Internet. However, unlike entity transactions, Internet transaction is neither immediate nor safe, so how to pay the money to each other becomes a very important issue. At present, Taiwan’s Internet trading environment provides users with many different payment methods, such as credit card, bank transfer, remittance, etc.. However, there is still no payment method of both security and convenience, failing to give an end to Internet transaction fraud. Compared to western countries, the Internet market has provided a third-party payment service of both security and convenience, which has been popular in foreign countries for many years but has not appeared in Taiwan’s electronic payment market. Therefore, through the exploration of America’s third-party payment services and taking Western Union as an example, this study, firstly, clarified what the third-party payment is; then, investigated relevant laws of the U.S. third party payment industry and explored risk management principles and overviewed the status of Western Union; and finally, discussed the development of Taiwan’s third-party payment services and gave recommendations for future development of Taiwan’s third-party payment services.