What is Hefubao? Hefubao Review

Products and Services

1. Aggregate Payment

1. Introduction

Aggregate payment integrates multiple payment methods including online banking, quick payment, payment on behalf of others, collection on behalf of others, WeChat, Alipay (H5/WAP/official account/mini program), etc., to provide merchants with a more convenient and efficient payment experience.

2. Mainstream payment channels

WeChat, Alipay, JD.com, UnionPay Omni-channel, Baidu, and QQ Wallet.

3. Application scenarios

APP, mobile webpage, WeChat public account, PC webpage, QR code payment, smart POS, card payment, card payment

4. Mainstream payment products

B2C online banking payment, B2B corporate payment, collection on behalf of others, payment on behalf of others, online banking, bank quick payment, WeChat APP/main scan/scanned/official account/mini program payment, Alipay APP/main scan/scanned/window/H5 payment, UnionPay H5/Cloud QuickPass scan code/cardless payment/payment on behalf of others/B2B, QQ wallet.

2. Account splitting system

Easily manage transactions and accounts across the entire platform, and efficiently clear accounts for multi-level merchants.

1. Features

Efficient, flexible, convenient and fast.

2. Usage scenarios

Applicable to account management, settlement configuration, financial reconciliation, etc. of complex multi-level merchants.

3. Advantages

Compliance with regulatory requirements, flexible access, financial empowerment, efficient and flexible account splitting, reduced reconciliation dimensions, and multi-industry solutions.

4. Cooperation process

Confirm cooperation, qualification review, sign agreement, open account, system development and testing, and platform parameter configuration and launch.

3. Intelligent Clearing

Smart clearing products classify, manage in layers and calculate by item the funds in customer settlement accounts, so as to comprehensively and accurately grasp the payment of counterparties, the flow of funds in various branches and the collection of funds by dealers. A variety of detailed accounting ledgers are opened under a single account to record information such as income and expenditure details and deposit balances. The clearing sub-accounts do not participate in the internal accounting of the bank.

1. Product advantages

Sub-accounts can make external payments, support multiple channels, provide convenient inquiries, have flexible authority control, and can open and clear sub-accounts by themselves.

2. Scope of application

• Enterprises, institutions and government agencies that do not have legal person status and have independent accounting needs;

• For enterprises with many internal organizations, separate settlement and accounting are carried out to facilitate internal management;

• There are many downstream buyers, and accurate matching is required to ensure fast delivery, while facilitating accounting and reconciliation for internal finance;

• There are many non-independent legal entities under the company and they are widely distributed in different regions. The headquarters company acts as an agent for settlement and conducts real-name collection and payment.

• Large markets or business districts that require secondary clearing of POS payments from individual stores.

4. Enterprise Payment

Merchants entrust banks to pay funds in their bank accounts to designated bank accounts. This product supports payments from large numbers of corporate and personal accounts. It can greatly save the financial costs of enterprises and improve business processing efficiency. It provides enterprises with a safe, fast and reliable payment experience. amz123

1. Product Features

• Usage: It supports merchants to log in to the backend and can also be managed on their own platform through the API interface.

• Payment method: The merchant backend or API supports single payment or batch payment, and merchants can use it as needed.

• Payment compounding: batch payment review function to avoid remittance errors and improve the security of fund withdrawal.

• Detailed query: Provides functions such as payment order query, account detail query and statement acquisition.

• Supported banks: Support all domestic banks with UnionPay logo.

• Supported account types: debit card, corporate account.

• Transaction limit: The single transaction limit is divided into two ranges, 0.01-50,000 yuan/more than 50,000 yuan.

2. Advantages

High success rate: The payment success rate is as high as 99%

Real-time arrival: timely and fast arrival

Various forms: support single payment and batch payment

Real-time feedback: support real-time feedback of payment results

Limit advantage: large limit withdrawal, reducing fund transfer costs

Rich channels: Rich bank/third-party payment channels

3. Cooperation process

Negotiation of cooperation intention, review of electronic materials, test connection, issuance of formal parameters, and project launch.

V. Fund Supervision

The fund flow process requires multiple step-by-step reviews by banks and customers before the payment can be completed in the fund supervision scenario. We provide four supervision modes: information service, bank supervision, third-party supervision, and bank supervision + third-party supervision; multiple customer service channels; and a set of in-house service processes to provide customers with a variety of fund supervision solutions.

1. Business Process

2. Product highlights

• Blockchain (private chain) technology can be deployed, which is more secure, private, trustworthy and has faster transaction speed;

• Online and offline channels are compatible, ensuring the safety of transaction funds while improving the timeliness of fund circulation and enhancing customer experience;

• Organic integration of bank supervision and customer supervision: multiple supervision modes are integrated into a set of supervision service systems that are compatible with multiple service scenarios; amz123

• One-to-many account project system, customers can set up ledger management and separate accounting under the supervision account according to their own needs such as fund purpose and fund nature, without having to open a separate account for each project;

• We adapt to the financial needs of emerging mobile and platform-based industries, take into account the needs of traditional industry customers, and truly meet the diverse needs of customers from the customer's perspective.

3. Cooperation process

6. Payment System

1. Aggregate payment system

Aggregate the payment capabilities of multiple banks and third-party payment platforms, provide multi-channel payment methods, simplify merchants' payment docking, and unify management; system functions include application management, merchant management, bank management, settlement management, transaction management, account management, system management, bank-enterprise direct connection, agent management, mobile payment and other functions.

2. Third-party payment system

The payment clearing and settlement system developed for the Internet third-party payment platform is safe, convenient, and fully functional. The product is positioned in various payment scenarios such as B2C and B2B. The product backend can flexibly connect to multiple banks and third-party payment companies, and the frontend supports a multi-level merchant system. The payment gateway supports multiple payment methods such as account payment, quick payment, online banking payment, credit payment, QR code payment, and agency transfer.

3. Usage scenarios

E-commerce, ticketing, retail, gaming

4. Product advantages

Easy access, powerful functions, safe and stable.

4. Cooperation process

Solution

1. Education Industry

Help training institutions efficiently connect with bank funds custody, quickly enhance brand credibility, establish a fund security image, enhance customer confidence, and achieve rapid customer growth

Advantages:

1. Improved information integration and greatly improved work efficiency

2. Various payment methods to satisfy customers to the greatest extent

3. Professional service and quality assurance

4. Unified interface, reduced maintenance costs, improved scalability

5. System stability and fund security

2. E-commerce industry

Hefubao has created a complete set of enterprise fund management solutions for various e-commerce platforms, which can help enterprises solve fund custody, payment, second clearing, taxation, balance appreciation, investment and financing problems in one stop.

3. Retail Industry

Hefubao has created a complete set of enterprise fund management solutions for various offline supermarkets, which can help enterprises solve various problems in one stop.

Advantages: unified management, member account management, intelligent growth, low cost, easy access

4. Medical beauty industry

Having a complete set of solutions and one-stop services can help companies solve any problems in the medical industry

5. Logistics Industry

Based on bank accounts, we build a complete trading fund total and branch account system for logistics platforms and enterprises. By providing SAAS services, we centrally collect and manage the funds of enterprises through bank channels, and provide payment, account opening, fund management, tax compliance, reconciliation and settlement, revenue increase, finance and other services to logistics platforms and enterprises on the platform.

1. Advantages

Meet the needs of various payment methods

Improve financial reconciliation efficiency and simplify workload

Speed ​​up capital turnover and receive payment in real time

Facilitates the management of branch offices

Corporate Culture

Responsibility is a distinctive feature of Hefubao. "Responsibility guarantees performance." For enterprises, a good way to improve team performance is to enhance employees' sense of responsibility.

Rigorousness is the attitude of Hefubao. "Sincerity is glass, prudence is diamond." For an enterprise, only rigorousness and pragmatism can achieve excellence.

Innovation is the driving force of Hefubao. "The way is to be renewed day by day, and the art must also be renewed day by day. The new is the vitality, and the lack of new is death." For enterprises, innovation is the source of the driving force for survival and development.

Surpassing is the purpose of Hefubao. "If you want to see farther, you must climb to a higher level." For enterprises, striving to surpass and pursue excellence is the source of the enterprise's spirit.

References