Product Introduction
The digitization process has led to the emergence of novel payment methods, including MMO and QR code, which
present
complex transactional interconnection and clearing requirements that the traditional bank card switching
network is
incapable of addressing. From the standpoint of national financial infrastructure, it is imperative to
establish a
clearing network system that is tailored specifically for electronic payment.
The MuRong Electronic Payment Switch System (EPSS) is digitalized payment switch solution that provide
transaction
switching, clearing and settlement, dispute resolution, risk management, and value-added services. Serving as
a robust
infrastructure, it efficiently connects banks, payment solution service providers (PSP), mobile money
operators (MMO),
and various other participating entities, enabling seamless collaboration across the digital ecosystem. This
comprehensive system not only ensures smooth transactions but also significantly enhances the overall customer
experience.
EPSS Scenarios
EPSS SCENARIOS
Inclusive Finance
E-KYC for segment customer verification;
No cash based on E-wallet;
Cardless based on digital account;
Digital operation support all services;
Business Agility
TTM decreased significantly;
Digital finance ecosystem could be built with new partners easy and quickly;
360° customer review provide unified growth plan and experience for customer;
Customer Acquisition
Customer acquisition cost reduction based on precision marketing;
Open platform is easy to get customers from its ecosystem;
Hi-technical System
Reduce cost of software and hardware;
Improvement of system carrying capacity;
Easy parameterization and configuration based on distributed and micro service design.
Our
Product
Features
Standard Interface with All Participants
EPSS integrates a range of access specifications into a unified framework, leveraging an open platform to achieve seamless integration.
Unified Dispute and Arbitration Capabilities
EPSS has an independent dispute resolution system that provides a unified approach to handling disputes across various business modules.
Differentiated Pricing
EPSS employs a diversified pricing strategy that allows for flexible pricing based on the differences among participants.
International Data Exchange Protocols
EPSS is designed with a strong focus on internationalization, fully embracing international standard data specifications. eg. ISO8583, ISO20022, etc.
Real-time Clearing and Settlement
Offers real-time clearing and real-time settlement functionalities, enabling swift and efficient transaction processing.
Active-Active with 7*24 Service
EPSS supporting dual-active and three-center deployment methods across two locations. Seamless support for 7x24 hours service.
Unified Risk Control and Anti-fraud
EPSS has a unified and independent risk control and anti-money laundering (AML) system. Through data analysis and model-based predictions, it ensures the security and integrity of its business operations.
High Security to Safeguard the Transactions
EPSS meets PCI-DSS standards, ensuring transaction security and data storage safety.
Our Product Benefits
Reduce Access
Difficulty
Reduce Access Difficulty
Unified Access System and Robust Risk Control of EPSS Lowers Barriers for SMEs to Participate in Financial Markets, Enhancing Competitiveness.
Improve Operational
Efficiency
Improve Operational Efficiency
EPSS has unified specifications, which solves the complex docking problems of multi-participant and multi-standard systems and improves the operational efficiency of the payment market.
Promote
Digital Payment
Promote Digital Payment
Supports Multi-Channel and Diversified Payment Tools, Drives Digital Payments to Meet Varied Socioeconomic Needs.
Reduce
Costs
Reduce Costs
The use of the advance architecture with open-source software can significantly reduce the infrastructure costs and the IT operation & maintenance costs. The easy and quick integration can also save the costs for participants.
Strengthen
Regulatory
Strengthen Regulatory
The transactions are process within the country and the data are kept in country which can strengthen the regulatory for payment & settlement to safeguard and defuse financial risks in the field of payment and maintain financial security.
Efficient
Operation
Efficient Operation
EPSS provides the automated process which can improve the operation efficiency for system owner and participants.
Our
Product
values
National paymet system
Connects the national money market, bond market, foreign exchange market and other financial markets.
The core infrastructure of national economy and finance Prevent.
Promote the improvement of digital finance efficiency.
Strengthen public confidence.
National market economy
The key layout to solve the existing financial problems of the various of industries.
Promote the long-term and healthy development of the market.
Resolve the imbalance of market competition.
The efficiency and security of economic operation is required by economic subjects.
Globalization and Reform
Higher requirements for cross-border payment.
Rapid development of Foreign exchange clearing.
Prevent the outflow of illegal funds.
Promote the development of nationalFDI.
National payment supervision
Curb illegal and criminal acts due tothe cashless transaction.
National stability Serving monetary policy.
Financial stability Anti moneylaundering.
Anti terrorist financing Anti corruption and anti tax evasion.
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