IPACS credit card system is a comprehensive account information processing system, which can independently realize card issuing, account management, clearing, settlement, acquiring and authorization processing etc..
Features of credit card system：
• Adopting loose coupling mode with core business systems;
• Independent mode: Independent credit card management information processing system, independent accounting system;
• Embedding mode: A subsystem of the integrated business system, belonging to the core accounting system;
• Flexible credit card management;
• Concentrated mode: Accounting, cards and business are concentrated in the card issuing center for management;
• Distributed mode: Multiple card issuing centers, multiople account settlement, customized products of subcenters etc;
• Account management adopts integrated settlement of loan and deposit;
• Simple and clear account settlement;
• Independent settlement of interests and expenses, supporting back value processing;
• Strict categorization of account risks, and tracking in multiple ways;
• Supporting multi-currency account management, e.g. double-currency card;
• Supporting interest accrual mode of international card and non-international card or coexisting mode;
• Multi-level transaction safety filtering.
• Filtering at customer layer, product layer, card layer and account layer.
• Amount limit for single transaction, control of period accumulation.
• Balanced day-end load of host; quick response of online transaction.
• Distributed account days, to reduce the concentrated processing load of host
• Simple and detailed online entries, repayment and settlement processed at day end, to improve the online processing speed.
• Appropriate parameter control and design reuse.
• Reuse processing programs, subtransactions and original transactions, and reduce maintenance costs, product or new business can be established quickly.
• Service parameter definition, transaction parameter definition, trial case definition.
• Product drive business process and business logic.
• Supporting account interfaces with multiple card issuing organizations.
• Adopt technical approach of double balance to support uninterrupted operation for 365×24 hours.
• Peripheral interfaces: Supporting account processing interfaces of multiple card issuing organizations; supporting interfaces of ATM, POS, phone, call center, personal banking staff, private banking staff, online bank etc.; supporting account processing interfaces of multiple agent businesses.
• Card issuing: Including card issuing management, card management and card making management.
• Authorization: Including manual authorization, remote authorization, dynamic authorization and static authorization. Multiple authorization centers supported.
• Information: Including customer profile, customer relationship, equipment information, guarantee file, mortgage file, pledge file, identification file and co-branding file etc.
• Acquiring: Including commercial entry, (manual) acquiring entry, bank statement for commercial customers.
• Clearing: Clearning with card issuing organizations, clearing with core business systems, settlement of different independent legal entities within the bank, peripheral analysis system data is provided.
• Settlement: Realizing settlement through various settlement channels, such as current account processing in large and small amount etc.
• Charge: Expenses amount and preferential level calculated according to the charging requirements and related rates of various transactions, which is the foundation to achieve market orientation of the rates.
• Interest accrual: Responsible for all methods to calculate interest with integral method in the system.
• Product factory: Including product creation, business logic definition, parameter management etc.
• Core system interface: Interfaces of clearing, account integration, data sharing, checking etc. with core business systems.
• Security and precautions: Including front end precautions, background precautions, multi-level data encryption, multi-level transaction filtering, modification tracking etc.
• Card making, password making: The system generates card making file and password making file, safe transfer with card issuing centers.
• Correspondence, customer service: Provide bill data for each period, retrieve bill and customer phone service
