Selection criteria for cross-border payment gateway
In the cross-border trade, overseas sub-branches have developed rapidly. Payment gateway is an important part of the business process, and it firmly controls the payment rate of online transactions. Any business that wants to conduct overseas trade must solve the problem of payment security, and the payment problem involves all parties involved in the payment behavior. To choose a payment service provider that complies with the international financial laws and regulations of the place where the transaction is conducted, and can comply with the regulations, you must start from the following aspects:
1,The safe payment business legal system
Payment institutions must obtain financial licenses in international regions, create legal collection accounts for merchants, ensure the security of account information such as customer identification, customer identity information and transaction record storage in cross-border payment business, optimize resource allocation, effectively manage risks, and pay Institutions must have complete staffing and business support to facilitate the supervision of regulatory authorities and acquiring banks.
2. Perfect customer information security
For Merchants: Self-owned account opening process, using various channels to strictly review their qualifications, licenses, business scope and other related materials, and conduct comparison and verification through the enterprise identity information database to ensure the authenticity of customer identity information, and adopt a security monitoring strategy for authenticated accounts.
For customers: a variety of biometric technologies, such as fingerprint recognition, face recognition, palmprint recognition, sound wave recognition, etc.; in terms of behavior recognition, identify transaction risks through customer registration behavior, browsing behavior, shopping behavior, in relationship recognition , big data analysis is used to search for the relationship between customers and improve the identification ability.
3. Anti-money laundering and anti-fraud management
Professional analysis team, improve the suspicious transaction monitoring system, establish a sound risk identification system, and regularly maintain and optimize it to ensure that most transaction risks can be identified, strictly review the authenticity of each transaction, and effectively prevent the use of false transactions. Risk of money laundering. Closely monitor high-risk transactions or anti-money laundering and fraudulent transactions, and dynamically maintain blacklist and greylist databases.
4, strong technical support
First, Glocash payment rovide reasonable and convenient payment access.
Secondly, it is necessary to establish and improve the functions of transaction identification, monitoring, and inquiry systems, that is, to continuously improve the functions of customer identification, large-value and suspicious transaction monitoring, customer information and transaction record inquiry systems to support advanced biometric methods and monitor new types of money laundering. , backtracking of completed transaction records, etc.
Finally, continuously develop and update network information security technologies such as intelligent firewall, encryption, and anti-virus, strengthen management, prevent defects and leakage of customer information and transaction data, and establish a retrospective analysis mechanism to ensure that paid transactions can be completed, authentic, and timely. now.
Glocash has now obtained international and multi-regional payment service licenses in Europe (EMI) and Hong Kong (MSO), and has the highest level of PCI DSS LEVEL 1 security certification in the global financial industry, ACAMS certificate issued by the internationally recognized Anti-Money Laundering Association and data issued by the International Privacy Association IAPP Protection standard certification CIPM, CIPP/E certificate, providing overseas payment services of safety compliance, risk control and information protection for overseas trade. It supports Visa, MasterCard, American Express, JCB and other mainstream international credit card acquiring. The company's self-developed convenient online integrated payment interface can quickly connect to more than 400 payment products around the world with one click, covering more than 200 countries and regions around the world.
