Fund Trustee System Construction For E-Commerce Transaction

E-commerce, based on modern information and network technology, has integrated electronised finance, informatized management and networking trading information, actualizing high conformity of information flow, capital flow and logistics, which is the most promising business trading methodology in presently development. B2B( Business-to-Business ) E-commerce is the mainstream model of E-commerce. But Capital and Honesty, to large extent, constrains the B2B E-Commerce's rapid development.This paper presents "The Whole-process and Full-fund Trustee" concept, the organic integration between website transaction system and bank trustee system through the construction of the "E-commerce Transactions Funds Trusteeship System" ,which can ensure the convenience of customer transactions, prevent financial risks, and enhance the website credibility to solve the funding and the honesty issues. This paper is mainly discussing on and innovative in the following aspects:1. Analysis on major problems in B2B E-commerce mode, and advancement capital trusteeship mode for e-commerce transaction based on whole-course and full-amount conception. By means of introduction of external capital trusteeship during e-commerce procedure, a trust bank, which has operational qualification of capital trusteeship and professional liquidation capability, will act as an independent third party: to implement for the transactional capital on E-commerce websites an all-directional, whole-course and full-amount trusteeship, to perform at its own the functions of fund payment, liquidation and trusteeship in E-commerce; to actualize relative independence of capital deposit, liquidation and online good trading; to ensure that client's transactional capital will not be peculated by websites; to eliminate the risk of liquidation error on website capital so as to maintain security of client's capital.2. Through establishing a flexible virtual account system compatible for multi layer, the system supports single E-commerce platform as the subject for account setup, construct independent virtual trusteeship general account as the control platform, and bring the settlement accounts opened by the website in various settlement banks into consolidated capital custodial scope, ensuring separation between all settlement accounts and self-possessed fund of the website.3. The system, via interface subsystem, realizes real-time interconnection with each E-commerce website as well as other third-party settlement banks. On receipt of effective real-time instruction from websites and third-party settlement banks, the system will confirm in time capital entrance into secondary sub-account of member unit, carry through reliably the capital transfer under the item of sub-account of each member unit, operate the near real-time receipt and payment of money between buyer and seller tenants, complete settlement of transactional payment and liquidation of transactional capital, and furthermore, meet the requirements of capital withdrawal from member unit according to effective payment instruction of clients.4. Centered in Whole-course and Full-amount Trusteeship of E-commerce Transactional Capital, this paper has developed a comprehensive analysis on operational requirements, designed on system application structure and integration scheme, and finally achieved this system as well as practical operation. Presently this system is put into service. Two websites has finished access operation and six has represented intentionality of cooperation, which has brought along notable progress in system construction.