Money Transfer Appliction System Feature

Transaction and Money Transfer

Transaction and Money Transfer

Compliance and Security

Compliance and Security

Reporting

Reporting

CRM and User Management

CRM and User Management

User Experience

User Experience

Exchange Rates and Charges Management

Exchange Rates and Charges Management

Sending And Receiving Branch

The branches registered in the sending country is called the sending branch and the branch registered in the receiving country is receiving branch.

Profit Type

Profit types are three types Flat Fee, Percentage Fee, and Currency Difference.

Flat Fee

This is the fee charged by a sending agent, usually it is charged per transaction.

Percentage Fee

This is the fee charges against the sending amount, This is the percentage of the amount sending. As the sending amount increases, this fee also increases.

Currency Difference

This is generally shared between the sending and receiving branches, this is a calculated difference of exchange rates multiplied by sending amount

Sanction Search

Check names against United Nations Security Council Sanctions, Australian Sanctions, Specially Designated Nationals (OFAC).

Transaction Screening

Every Transaction will be screened for risk.

Connected Transactions

Checks against the transactions for phishing.

Profile Management

Profiles of customers are given a proper numbering for easy access.

Id Proof

Id proof will be uploaded for every customer and stored on the cloud. Both Primary and secondary Id proofs are taken.

Exchange Rates

Ability to give the exchange rates from vendors, manually or currency feeds.

Profit and Commission

Add your commission so that you can boost your profits.

Currency Mark Up

Markup currency rates are taken from feeds or from your vendor to make a selling price and give it to custome

Suspend/Deactivate a User

Users can be suspended or deactivated, if there is any multi-currency: Can be operated in Multiple currencies.

Transaction Approval

Transactions need Compliance Approval whenever KYC is failed.

Back-Up

Regular Backup of the transaction data is taken.

SSL

Secured Socket layer certificates are installed so that the connections are encrypted.

Ledger

Ledger of transactions made, Cancelled and Amount paid by the sending branch and Paid to receive branch.