With the emergence of new payment methods, mobile payment has been booming in recent years, with rapid growth of users and transaction scale.

Sweep for eating out, buy fruit on the roadside, register payment with one key settlement…… Don’t go out without a wallet, just take your phone. Rich scenes, convenient services, mobile payment has become a living habit of people. With the release of the Code for Barcode Payment Business (Trial), mobile payment will be more secure, more inclusive and better serve new consumption and the real economy. “In the past, you had to go back and forth to the window to pay for medical treatment, and most of your time was spent waiting in line. Now you can use Alipay to bind your social security card, and you can pay for medical treatment with a click of a button, and you can also check your consumption record.” To Shenzhen People’s Hospital to accompany his family to see a doctor Mr. Chen feeling. It is reported that more than 1.6 million people in Shenzhen have used mobile medical insurance payment to bind their cards, and the accumulative transaction amount has exceeded 84 million yuan. China’s mobile payment transaction volume reached nearly 150 trillion yuan by the end of October 2017, ranking first in the world, said Zhang Feng, chief engineer of the Ministry of Industry and Information Technology, at a press conference held by the State Information Office on Jan 30. From 5.545 billion transactions in 2013 to 122.86 billion transactions in 2016, China’s mobile payment business has developed rapidly in recent years. According to the research report on the Business Intelligence Reform of third-party payment released by IResearch, mobile payment accounted for 54.8% of the transaction size structure of third-party payment in 2016. The continuous expansion of transaction scale is inseparable from the formation of users’ mobile payment habits. China Internet Network Information Center on January 31 released the 41st “China Internet Development status statistics report” shows that China’s mobile phone payment users grow rapidly, as of December 2017, reaching 527 million, compared with the end of 2016 increased 57.83 million. In addition, the 2017 wechat Data Report shows that as of September 2017, the number of wechat Pay monthly social payments increased by 23% compared with the previous year, and the number of monthly offline payments increased by 280% compared with the previous year. The number of wechat Pay card tied users has exceeded 800 million. Low frequency mobile payment users are becoming fewer and fewer. Industry insiders believe that mobile payment is favored because it is easy to operate and does not need to take cash or bank cards. At the same time, many preferential promotion activities of market players and the continuous expansion of mobile payment application scenarios also play an important role in the cultivation of user habits. While deeply ploughing the domestic market, China’s online payment enterprises have been expanding overseas markets. By cooperating with local businesses, China’s payment enterprises have explored the overseas tourism payment scene to meet the overseas payment needs of domestic outbound netizens, and gradually promoted to local consumers, which has been accepted by more and more netizens in different regions of the world. In 2017, Alipay accelerated the pace of Chinese people going out, accessing hundreds of thousands of merchants in 36 foreign countries and regions, and the total number of payments increased by 306% compared with 2016. By the end of July 2017, wechat Pay had landed in 20 foreign countries and regions, supporting direct settlement in 13 currencies. According to a mobile consumer research report released by international accounting firm Deloitte, China leads the world in mobile payment and has begun to export to developed countries or regions. How long has it been since you took out your wallet? Looking at her bills for 2017, Zhao Jing, an employee of a state-owned enterprise in Beijing’s Chaoyang district, found that few of her payments were made in cash so many times a year. Scan your bike, buy movie tickets, go shopping in the mall, pay the gas bill at home… With the popularity of mobile payment, your life is changing quietly. Recall a few years ago, when it comes to mobile payment, people think of online payment to buy things. Now, the use of mobile payment in all kinds of application scenarios have been significantly improved, playing a more important role in the convenient payment field. In the past year, more than 40 million small businesses across China have digitized their cash registers with QR code stickers. “The 100 yuan in cash in my wallet can last for several months. I just need to take my mobile phone when I go out.” Zhao Jing exclaimed. According to the 2017 Mobile Payment User Survey Report, in 2017, 98.1% of users said they most often used mobile payment in daily life scenarios, such as buying necessities such as food and clothing. Tickets, such as movie tickets and performance tickets, accounted for 80.6%; Business travel expenses such as hotels and air tickets ranked third, accounting for 68.9%; The payment of public utilities ranked fourth, accounting for 61.5%; Users who pay through mobile payment in entertainment business download scenario and investment and finance scenario accounted for 55.2% and 40.2% respectively. The usage of mobile payment in most of the above application scenarios has significantly improved compared with that in 2016. It can be said that mobile payment has been widely applied in all aspects of daily life. Public transportation is the most important way to travel in a city, but for a long time, because of the signal and time requirements, mobile payment has been difficult to enter the field, domestic and foreign conventions are to bring your own change or use a traffic card. With the technology breakthrough, buses and subways in more than 30 cities have supported Alipay in 2017. Many people lament that “the last reason to carry a wallet when going out is gone”. In addition, local public service departments have opened “Windows” on Alipay, allowing citizens to pay bills and handle affairs while sitting at home without running errands. In 2017, citizens could handle more than 100 services in 12 categories, including social security, transportation and civil affairs, in Alipay’s urban services. Tencent joint chongyang, renmin university of China financial institute, research institutions ipsos jointly issued the 2017 intelligent life index report shows that as of the end of July 2017, paid in WeChat as the core of “intelligent life solution” has covered shopping, catering, health, tourism, parking, fuel and so on more than 30 industry millions of stores. 59% of the users are concerned about security risks, improving security and better experience. Mobile payment makes it more convenient for people to consume and shop, but it also brings some worries. “2017 Mobile Payment User Survey Report” shows that in 2017, merchants do not support and security risks become the most worried problems of mobile payment users, accounting for 69.6% and 59.0% respectively. The third is slow mobile Internet speed, accounting for 54.1%, all of the above three have significantly increased compared with the previous year. Fourth is the complicated operation of payment link, accounting for 22.4%, basically the same as in 2016; Payment failure and cumbersome opening accounted for 15.7% and 8.2%, respectively. As for the content that users think needs to be improved most in the future mobile payment, the range of application scenarios accounts for 70.7%, ranking first; The second is safety, accounting for 67.5%, both of which are significantly improved from 2016. It can be seen that users hope to be able to conveniently use mobile payment anytime and anywhere, and they are also eager for market players to further enhance the security of mobile payment. Security is important for users, and payment companies attach great importance to it. Security risks sometimes cause some public opinion guidance, such as cases of some financial institutions marked by the media as special attention; Certain payment company found the problem of fund line, consumers’ money disappeared, etc., which are the focus of a society. Combined with market risks and the overall environment, the security requirements of the payment industry are as follows: 1. The security requirements of payment transactions; 2. Security requirements for data access; 3, to prevent the disclosure of sensitive information. For the payment industry, log easy products show good application value in data access, permission requirements and other aspects. As the carrier of data, massive transaction logs contain rich information. Traditional log analysis methods are inefficient and solidified, which cannot cope with the current situation of large data volume, inconsistent formats and fast growth. In case of abnormal transaction or failure, it is more difficult to meet the requirements of real-time processing and rapid response. Log can use log big data to achieve in-depth business analysis and risk control experience. At present, many enterprises such as Hanyin Technology, Yipay, Xinsheng Pay and Alipay have adopted the log-easy solution to escort users’ transaction security.