Vol 2 Chapter 190: Universal credit

Chapter One Hundred and Ninety

Universal credit

After receiving the call from Lin Feng, Liu Yingying rushed to Beijing from Shanghai to attend the press conference co-hosted by ICBC. Before Lin Feng came to Shanghai, Liu Yingying knew that Lin Feng came to Beijing this time mainly to discuss the b2b online payment service alliance and expand the payment channels of Dingdang. However, she did not expect Lin Feng, no, maybe it was the spirit of ICBC. Big.

At the press conference, President Jiang cautiously announced the cooperation between ICBC and Dingdang.com to reach a b2b online payment service alliance and launch a new "Esco Card" to facilitate all Dingdang users to make online shopping more convenient, faster and safer. But this is not the point. The point is that everyone can only apply for a "Tesco Card" with their ID, corresponding to a Dingdang account, and ICBC will cooperate with Dingdang to supervise their account consumption. At the same time, ICBC will also send full-time personnel to join the arbitration team of DingDang.com to conduct reasonable arbitration of disputes arising from online transactions.

At the same time, President Jiang also announced that ICBC will record all transactions on Dingdang.com by all users who have "Esco Card", and will make reference and evaluation for all applications for loans and other applications generated by ICBC in the future. In other words, if a member of Dingdang.com has a low evaluation in the transaction of Dingdang.com, ICBC will reject his future loan business for buying a house or car, and classify it as an "untrusted user".

When this announcement was made, the reporters present were shocked, but the more shocking is still to come.

President Jiang also announced that the "Esco Card" will provide loans with varying amounts based on the user's consumption limit on Dingdang. This means that the "Esco Card" is equivalent to a "credit card" to a certain extent, and can be used for overdraft consumption. It is paid in installments and does not require excessive proof. No need to be as complicated as applying for a credit card in real life. As long as you have a good consumer rating on Dingdang.com, you have the opportunity to apply for "credit overdraft" and installment payment services. Of course, the premise is that you can only buy things on Dingdang.com.

Regarding this, it can be said that the audience was in an uproar, and they questioned whether ICBC was too aggressive. Although credit cards have been launched in China for a long time, they are not popular. The most important reason is the repayment ability. Nowadays, Industrial and Commercial Bank of China and Dingdang.com has launched a "ego card" similar to a credit card. Isn't it true that these Dingdang users will refuse to pay after malicious overdraft? Even if you are in a lawsuit, facing the malicious overdraft members of Dingdang.com that may arise across the country, this is definitely a long lawsuit that hurts the people and money.

Lin Feng and Jiang Xing are quite sure about the speculations of many reporters. When President Jiang proposed this plan at first, Lin Feng was also quite shocked and even thought it was a little weird. But as President Jiang said, the "Esco Card" can improve the security and fairness of online shopping to a certain extent, and to a certain extent urge the regularization of the domestic online trading market to combat online fraud.

As for malicious overdraft, it is not so easy to stimulate the credit loan conditions of the "Esco Card".

First of all, each person can only apply for one “E-Go Card” by virtue of their ID card and cannot apply repeatedly. Second, only buyers who have reached a certain amount of consumption on Dingdang.com and have a certain credit rating can apply for an overdraft for communication.

For example, the first-level one-star card can only be overdrawn by 100 yuan. But if you want to get a one-star card, you must spend more than 10 times on DingDang.com, and the purchase amount is more than 1,000 yuan, and the user who has a favorable rate of 95% or more can apply. But if you want to reach a two-star card with 200 yuan overdraft, you must spend more than 20 times and the purchase amount exceeds 2,000 yuan. By analogy, the higher the level of the "Esco Card", the greater the amount of overdraft that can be made. However, due to the initial introduction of this credit card limit, the maximum limit will not exceed 1,000 yuan for the time being.

Although this still cannot guarantee that someone will not be maliciously overdrawn, President Jiang has calculated that the malicious overdraft rate will never exceed 5% of the buyers who successfully trade on Dingdang.com, while the malicious credit card overdraft rate in developed countries is at least 7%. Comparing the two, President Jiang felt that this "universal credit" plan was extremely feasible.

Of course, in order to cooperate with President Jiang’s plan, Liu Yingying also reached an agreement with all sellers to provide different degrees of preferential treatment for the "E-Go Card" level. From one-star card to ten-star card, there are a total of ten levels, from the lowest 1% discount to the highest 10% discount.

At first, these sellers were not willing to offer discounts. Even if they had a 1% discount, they would earn a little less, but Liu Yingying shut up all sellers in a word——

Do you want to earn 100 yuan for 1 person or 1 yuan for 100 people-the seller is not a fool, and naturally you can tell the difference. It is true that they seem to have a discount on every product, but as long as the business is good and there are more people buying, this loss will naturally be earned back. Small profits but quick turnover is the reason. As for whether the seller would raise the price and give a discount, Lin Feng didn't care. The biggest advantage of online shopping is that you can shop around three, no, at least ten or a hundred.

The news of the "E-Go Card" launched by Dingdang.com and Industrial and Commercial Bank of China soon spread across the country, with mixed praise and criticism. Many netizens jumped out to criticize ICBC for being too domineering and not arbitrarily linking their online consumption behavior on Dingdang with reality, believing that this violated the legitimate rights and interests of consumers.

auzw.com is supported by some users of Dingdang.com, but more of them are criticized. If you abide by the law and trade in good faith, this clause does not constitute any conflict of interest. On the contrary, it is of great benefit to the regularization of the online shopping market.

President Jiang also vigorously refuted the comments made by these netizens, affirming that whether it is online consumption or real-life consumption, honest transactions are the first principle. Especially with the rise of online trading platforms such as Dingdang and eBay, President Jiang believes that online shopping will become a trend in the future and become an indispensable platform in people's lives. This platform must be clean and standardized, and as long as interests are involved, it is far from enough to rely on moral restraint. It must be restrained and regulated by compulsory means.

President Jiang’s statement naturally won the approval of the vast majority of sellers and buyers, and he unanimously welcomed the launch of the "E-Go Card", believing that this is a good thing for the country and the people, and opening a "credit overdraft" is not so cumbersome, as long as Just reach the credit rating. Especially the installment payment, this is even more endorsed by all DingDang members. However, the only complaint made by these Dingdang members is that the loan credit limit is too low. However, President Jiang said that this is only a trial period, and once it is feasible, the credit limit will be increased.

Of course, in order to avoid vicious overdrafts, it is also stated that legal measures will be taken against any malicious overdraft user, even if he only overdrafts 100 yuan.

Of course, no matter what tough measures are taken, malicious overdraft is inevitable. Therefore, Lin Feng’s Dingdang.com will bear 40% of the losses that may arise from this “universal credit” plan, and ICBC will bear 60%. Similarly, Dingdang’s profit will be 20%, and ICBC will receive 80% of the profit. .

For Lin Feng, this "universal credit" plan can be described as both fame and fortune. It can not only further consolidate Dingdang.com's position in the domestic online trading platform, but also increase the daily transaction volume of Dingdang.com, and it will share 40% of the profit. I believe that once this plan is successfully implemented, it will definitely become an important profit point for Dingdang.com in the future. As for President Jiang, as long as this "universal credit" plan is finally successful, he will surely become a legend in the Chinese banking industry and be highly praised by the "above".

Perhaps the only complaint to President Jiang about this plan in the future is that in the agreement signed with Lin Feng at that time, too much dividends were given to Dingdang.com. He is still too conservative and lacks courage.

Regarding the "universal credit" plan jointly launched by President Jiang and Dingdang.com, other domestic banks have not commented on it and have not expressed their attitudes, but they are all observing and looking at its feasibility. However, the "E-Go Card" was claimed for 100,000 cards at the beginning of its listing, and its popularity far exceeded the expectations of major banks. Lin Feng also announced that Dingdang.com will only adopt one transaction method-with bank supervision. The means of transaction, that is to say, for a period of time in the future, all transactions on DingDang.com can only be carried out between users who have "easy shopping cards", which gives other banks a deep sense of coolness. He began to hesitate whether to join this "universal credit" plan.

ICBC applied for and sent an electronic code card free of charge, which further promoted the claiming speed of the "Easy Go Card".

Lin Feng didn't know what the bosses of the major banks thought, but his Beijing trip this time was a fruitful one, and he got a loan with the lowest interest rate, a lot of 300 million yuan.

"Lin Feng, what do you think about this "National Credit" plan, are you afraid of risks?" Liu Yingying was still very surprised by this "National Credit" plan.

"Haha, this is mainly President Jiang's idea. We are just the partners he chose. If it weren't for Dingdang.com, which is now the country's largest online trading platform, I think he would also choose other partners." Lin Fengping said.

"But this is too risky. In China, you also know that credit card overdrafts are very serious, and many people are..." Liu Yingying meant, Lin Feng understood. Many people in China do not pay back the money they owe and are not afraid of lawsuits. This kind of rogue behavior is really difficult to deal with.

"Haha, Yingying, in fact, President Jiang also solicited the above opinions this time. Otherwise, you really think he really dares to make such a big decision." Lin Feng was also very surprised by President Jiang's decision at first, it was incredible. I haven't heard of this before the rebirth, I don't know if it was caused by the butterfly effect after the rebirth. But in any case, President Jiang’s decision is bold and bold, but it is indeed feasible, and Dingdang.com also took 40% of the risk.

But Lin Feng is not too worried about this, this is definitely a good attempt. At least the number of transactions on Dingdang.com has exceeded 10 times, and most of the buyers with a transaction amount of more than 1,000 yuan are trustworthy consumer users. The mere 100 yuan is not worth their risk of overdraft. After all, one ID card can only apply for one "Esco Card", and it can only correspond to one Dingdang account. Especially the ten-star rating launched by Lin Feng, I believe that these people who have a certain ability to make online consumption will not be maliciously overdrawn. On the contrary, perhaps this ten-star rating may become a proof of their identity, prove their credibility, and to some extent prove their personality.

With a satisfactory harvest, Lin Feng returned to Shanghai. There is also good news waiting for him here. Wu Zhaopu has established the "Second World" Taiwan branch in Taiwan and carried out the first remote synchronous transmission. The results are very gratifying. Lin Feng now has loans in place, and the company does not need it. Afraid of an urgent shortage of liquidity, the "Asia Interconnection Project" can be formally launched, and branches in South Korea and Japan can start.

But what Lin Feng didn't expect was that a troublesome man was already waiting for him at the villa.

"Brother Lin, I'm here again!" Seeing Allegra, Lin Feng had a headache. But it happened to ask her about Li Zhiyou's Asian endorsements for Versace.