Other Payments of Commercial Banks

Including the Cross-border Interbank Payment System of commercial banks, FXCC, unified universal financial information transmission platform, unified collaborative inspection and control platform, Multi Information Verification System (MIVS), and various payment simulation products.

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Cross-border Interbank Payment System: Commercial banks can directly access the Cross-border Interbank Payment System (CIPS), realize the cross-border CNY personal remittance, corporate remittance, inter-bank fund transfer, Southbound Bond Connect, Northbound Bond Connect and other businesses, and promote the internationalization of CNY and the growth of international business of commercial banks.

 

Unified Universal Financial Information Transmission Platform: Commercial banks access this universal financial information transmission platform, which is suitable for domestic foreign currency agency, interbank verification, indirect participant service expansion, outgoing message inquiry and other universal information transmission scenarios. Each participant realizes connection and information exchange through the system, which provides guarantee for the security of financial information transmission within the bank.

 

Unified Collaborative Inspection and Control Platform: It helps commercial banks meet the requirements of the People's Bank of China and the CBIRC for network investigation and control, and has established a unified network investigation and control mechanism for funds involved in cases. It mainly includes the modules of financial anti-fraud integration, anti-telecom fraud, court investigation and control, economic investigation and criminal investigation of the Ministry of Public Security, cases involving national security, procuratorate investigation and control, National Supervisory Commission investigation and control, Central Military Commission investigation and control, and point-to-point investigation and control of various regions.

 

Multi Information Verification System (MIVS): It provides banking institutions and payment institutions with convenient functions to query enterprise personnel's mobile phone number, registration information, tax information and other data, and strengthens the risk management of inter-enterprise accounts and business.

 

Payment Simulation System: It is a tool to simulate the payment system of the People's Bank of China and help banks complete the whole process of internal business testing. It includes all functions stipulated by the acceptance standard of the central bank, supports the simulation of initiation by counterparty’s bank, position management, manual incoming packet generation, automatic batch generation, day end processing, system maintenance and other functions, and supports high value, low value, super online banking, Cross-border Interbank Payment, and CCBC channels.