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Industry Background
The banking industry plays a vital role in the national economy. As the competition between banks becomes increasingly fierce, all banks have been improving client service quality to prevent loss of clients. With the rapid coverage of mobile Internet, special operation has become the basis for continuous development of banking institutions |
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| Case |
| ULPOS Platform |
| ULPOS Platform is a basic network platform dedicated to providing financial electronic authentication (referred to FEA) service and supported by the largest financial POS network in China, UnionPay Merchant Services Co., Ltd (UMS). Based on QLife’s pioneering financial Internet technology service, ULPOS Platform provides the easiest and most reliable bankcard-based electronic coupon authentication solution for billions of cardholders, millions of merchants at home and abroad, various financial institutions, and Internet enterprises. |
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| ULPOS Solution |
| Without changing the habit of cashier and customer during transaction and payment |
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Focus on the system for management of marketing activities and processing of capital clearing & settlement |
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Add various electronic coupons, membership cards, reward points and other promotional information to bankcards or payment accounts |
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Through card swipes or account payment |
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Achieve automatic verification and settlement at the POS terminal of merchant during transaction. |
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| Processing Logic |
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| Various Forms of Authentication Applicable |
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Discount Coupon Authentication
Refers to a category of electronic authentication based on the discount offer of merchants in marketing campaigns. After the authentication is added to bankcards, the system will allow automatic clearing and settlement of discount off the purchase price |
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Cash Coupon Authentication
Refers to a category of electronic authentication based on the cash coupon offer of merchants. After the authentication is added to bankcards, the system will allow automatic deduction off the purchase price |
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Reward Points Authentication
Refers to a category of electronic authentication based on the reward points marketing of merchants. After the authentication is added to bankcards, the system will allow automatic accumulation of reward points off the purchase price |
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Membership Authentication
Refers to a category of electronic authentication for membership identification to be linked with bankcards. Thus, bankcards also act as membership cards and allow membership rights during transaction |
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| CMBC QR-Code Based Acquiring Solution |
| QLife helps CMBC (China Minsheng Banking Corp., Ltd.) develop an innovative acquiring system that supports QR-code based receipt so that CMBC can access to the Online Payment Interbank Settlement System of Shenzhen Finance Electronic Settlement Center by scanning QR codes. CMBC provides this innovative Mobile Bank QR-code Payment and Receipt service to create a convenient and fast channel for offline payment and receipt, not only avoiding the trouble of cash payment, but also saving the complicated procedures of traditional transfer between accounts |
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| Modules of QR-Code Based Acquiring System |
- Transaction Processing Module: Process specifically requests for consumption from merchant terminals
- Clearing & Settlement Module: Execute clearing and settlement of transaction funds, billing and profit calculation
- System Management Module: Manage users, user’s authority, certificates, merchants and terminals
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