control, then funds can enter

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Since cross-border payment companies often have multiple bank accounts at home and abroad, for example, cross-border payment companies often have many bank accounts of cooperative payment channels, and the transfer of funds between these accounts often requires very fine control. The frequency of transfer often becomes more and more frequent with the continuous development of business. Manual operation is difficult to meet the needs, so many companies will have a special middle-office system for managing fund transfers to achieve real-time transfer of funds and meet the various business rules and trigger thresholds stipulated by them. .





Therefore, many cross-border payment companies will israel phone number format even directly access the M system of the merchant receiving the payment or directly cooperate with the e-commerce platform where the merchant receiving the payment is located to obtain accurate order details. In addition, as we mentioned earlier, the supervision will regularly extract the order details of cross-border payment companies and adjust the orders. This requires the risk control system to be able to issue reports in these aspects and have the ability to automatically submit them regularly. In addition, in the foreign card acquisition system, many card organizations will require companies to have a complete rejection processing capability and meet the corresponding indicators.



This requires the risk control system to have the ability to deal with errors of different card organizations, which includes the merchant rating warning in advance, the risk control model handling capability in the event, and the error auxiliary processing and indicator statistical warning capabilities after the event. In fact, there are many differences like this. The fundamental reason is that the business needs have changed and the products must also make corresponding changes to adapt to the changing needs. 5. Overview of cross-border payment product architecture After understanding the business architecture, let's take a look at what changes will happen in the product architecture of cross-border payment institutions.