Research And Implementation Of Quasi Real-time Risk Monitor Management System For Bank Card Acquiring System

In recent years,with the development of technology and fundamental facilities,bank acquiring business is booming.More and more people would like to use bankcards as the way for daily payment.By the end of 2013,banks in China have issued 4.214 billion bankcards,and there are 7.6347 million merchants using the bankcards online payment system,10.6321 million POS machines,520000 ATM machines.The per capita amount of bankcards owned is 3.11.The number and the amount of total bankcard transactions for 2013 were impressive,with the total consumption number counts toward 12.971 billion and a total amount of 31830 billion RMB.However,the rapid development of acquiring business has put huge pressure on risk management for the banks.For bankcard transactions,risks brought by forging cards and illegal cashing of credit cards and other fraudulent incidents have always been threaten to the capital safety of banks and cardholders,and if monitoring and management were not effectively practiced,the risks would lead to huge capital loss.An ideal Risk Monitoring System should be able to monitor all risks while not effecting every normal transaction.But the real-life situations are more complicated.The operating efficiency would be intervened if high processing speed is the only focus,and irreparable loss would happen if a great number of high-risk transactions couldn't alert in a short period of time.Therefore,It is very necessary to establish a Quasi Real-time Risk Monitoring System.This paper mainly introduces the specific needs of Risk Monitoring System for bank acquiring business,and a system based on the Quasi Real-time bank process.With the analysis of the existing technology and skills,the needs proposed by IT and business department,the risk monitoring system parameters designed by acquiring business processing elements,and the transaction actions and warnings added after the monitoring of risks,a Quasi Real-time bank acquiring Risk Monitoring System is perfectly designed.This paper offers an executive solution for bank acquiring risk monitoring for possible insufficiency brought by real time and post monitoring.By scanning the transactions during the timeslice,the system makes a comparison between the transaction data and the risk monitoring model,obtains the risk monitoring results.It minimizes the shortcomings of the existing system by sacrificing perfect monitoring accuracy to balance the monitoring coverage and system performance,and ensuring the timeliness of monitoring to get comprehensive and effective risk monitoring.