(1) The core system of cross-border e-commerce payment and settlement. The core system is the core module for users to perform cross-border e-commerce payments, including the following specific processes.
① The user starts the cross-border e-commerce payment process from the cross-border e-commerce payment application.
② The cross-border e-commerce payment application calls the corresponding payment product to execute payment based on the payment tool selected by the application and the user.
③ The cross-border e-commerce payment routing selects the appropriate payment channel to implement payment based on factors such as payment tools, channel rates, and interface stability.
④ Cross-border e-commerce calls the interfaces provided by banks, third-party payment channels, etc. to execute payment operations, and finally implements fund transfer.
(2) The service system of cross-border e-commerce payment and settlement. The service system is divided into basic service system, capital system, risk control and credit system.
① Basic service system. The basic service system provides basic business functions to support the operation of the online payment system, including: customer information management: including the management of the real-name identity, basic information, and agreements of users and merchants; payment channel management: including the management of channel interfaces, configuration parameters, fees, limits, etc.; account and accounting system: mainly used to manage account information, transaction flow, accounting vouchers, etc. The accounts here generally refer to the accounts connected to the online system, using a unilateral account accounting method, and the internal accounts are recorded in the accounting system; order system: generally independent of the business system, and the orders here mainly refer to payment orders.
② Fund system. The fund system refers to the system for back-end fund verification, scheduling, and management generated around financial accounting, including: accounting: providing accounting subjects, internal accounts, trial balance, flow registration, accounting, and archiving functions; fund management: managing the company’s positions in various payment channels, making payments when the balance is insufficient, and managing the reserve funds when facing third-party payment companies; clearing and profit sharing: for businesses with profit sharing needs, clearing and clearing, reconciliation processing, and billing and profit sharing functions are also required.
③ Risk control and credit system. The risk control system is an essential basic function of the cross-border e-commerce payment system. All cross-border e-commerce payment behaviors must make risk assessments and take corresponding measures; the credit system is an advanced function developed on the basis of the risk control system, such as the AliExpress order loan is a successful case.