Introduction:
Huichao Payment recently launched a fund custody service specifically for P2P online lending platform to solve the risks of investors running away, delaying settlement and distrust. The meaning of fund custody means that the capital flows in the custody company (the third-party guarantee paid by Inspur) without going through the bank account of the platform, so as to avoid the misappropriation of trading funds caused by poor management of the platform and bring risks to both parties. In the custody mode, the custodian only needs to ensure the safety of the capital flow mode, and the funds of both parties do not cross the platform.
Features:
I. Characteristics of fund custody products
(1) Seamless docking of merchant systems: the fund custody platform of Huichao Payment provides merchants with functions such as account opening, recharging, cash withdrawal, bidding, repayment and balance inquiry.
Interface, etc., and P2P merchant system seamless docking.
⑵ The managed system is easy to switch: the platform is compatible with managed and unmanaged systems, and the switch is convenient.
⑶ Identity authentication security: The escrow account of Huichao Payment has undergone risk control checks such as identity card authentication, bank card authentication and black-and-white list database screening.
⑷ Repeated reconciliation "0" and bill dropping: The transaction adopts multiple reconciliation mechanism to reduce the probability of bill dropping by merchants.
(5) Multiple guarantees of account funds: password confirms the entry and exit of funds in the custody account, and SMS informs the transaction information, so that the funds are safe and secure. The funds in Huichao's account are directly supervised by the central bank (Huichao has obtained a third-party payment license from the central bank) investors.
Our funds are safer, and we no longer worry about the distrust of P2P running.
II. Introduction to Fund Custody Process
Account opening process:
① Investors/borrowers open accounts on P2P platform.
② P2P platform prompts to open a tidal payment escrow account.
(3) The user decides to open an escrow account by using remittance payment.
④ Inspur Payment returns the account opening result to P2P platform.
Special note: Huichao Payment Tip will obtain the user's ID number, real name, mobile phone number, email address and other information when opening an account.
Recharge process:
① Investors/borrowers recharge the P2P platform.
② P2P platform sends a recharge instruction to Huichao Payment.
③ Tidal payment prompts the user and asks for recharge confirmation.
④ The user confirms the recharge.
(5) tidal payment confirmation instruction, transfer to the bank for payment.
Exit the process:
① Investors/borrowers withdraw cash from P2P platform.
② P2P platform sends withdrawal instruction to Huichao Payment.
③ Tide payment prompts the user and asks for withdrawal confirmation.
④ The user confirms the withdrawal.
⑤ Tide payment confirmation instruction and T+ 1 are settled in the bank.
Special note: Investors/borrowers must pass ID card verification and bank card verification (verification T+ 1 day).
Bidding process:
① The borrower needs to make a loan on the P2P platform.
(2) Investors launch bidding actions in stages.
③ P2P platform pushes bidding instructions to tidal payment.
(4) Tidal payment indicates whether the investor agrees to bid.
⑤ When the investor agrees to bid, the funds will be transferred to the borrower.
Special instructions:
(1) Before the first automatic bidding, investors need to sign online at Huichao Payment (registering Huichao escrow account is the default signing) and entrust the platform to conduct automatic bidding.
(2) The platform can charge bidding or loan fees.
Repayment process:
(1) The repayer initiates repayment on the P2P platform.
② P2P platform sends repayment instruction to Huichao for payment.
③ Tidal payment prompts users and asks for repayment confirmation.
(4) The borrower confirms the repayment.
⑤ Inspur Payment transfers the repayment funds to the investor's custody account.
Special note: the platform can charge the borrower the repayment fee through the interface.
Custody account functions: ① ID card and bank card verification; ② Settings of login password and transaction password; ③ Balance flow query; ④ View basic information.
Third, the management of fund custody merchants.
(1) two lines of revenue and expenditure
Merchants can open a trading account, a handling fee expenditure account or a single trading account according to their needs.
① Trading account and handling fee expense account: income enters the trading account and cost flows out of the handling fee account.
② Single trading account: All income and expenses come from this account.
② Merchant access requirements
Business license: ① Business license; ② Tax registration certificate; ③ Organization code certificate; 4. Account opening permit; ⑤ ID card of legal representative
Financial expenses: ① merchant access fee; ② Annual fee
Additional conditions:
(1) In principle, the paid-in capital shall not be less than 5 million yuan.
② The business scope of merchants should include investment consulting (excluding business consulting and information consulting).
③ Websites declared by merchants must be filed by ICP as a company.
Access requirements for escrow account:
Account opening certificate ① ID number; 2 name; ③ Common mobile phone numbers; ④ Email