Money Transfer

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  • Topic: PHP, Apache HTTP Server, Software architecture
  • Pages : 5 (575 words )
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  • Published : February 4, 2013
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Money Transfer Management System (R1 MTMS)|
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The RemitONE Money Transfer Management System (R1 MTMS) is an industry leading, end to end, remittance system that supports multiple sending and receiving agents in multiple currencies across the world. It provides a powerful, reliable and feature-rich administrative system, with a central location to manage all the aspects of running a money transfer business. R1 MTMS is highly configurable and business rules driven. Whether you are a Bank, an MTO or an SME, R1 MTMS empowers your to run your money transfer operations according to your own business rules.R1 MTMS ArchitectureR1 MTMS is a web application, whose front-end only requires a compatible web-browser. The server is a web application running on an industrial grade Unix-compatible system. It uses an industrial grade database as its back-end data store.The system is written using PHP5 and JavaScript, running under the industry standard Apache Web Server, and the back-end database used is PostgreSQL.The web application has been written using an object-oriented Model-View-Controller (MVC) architecture to assist in easy maintenance of the code and to facilitate the addition of new features as and when required. A templating mechanism also allows for customisation of the appearance of the application to suit each client.Features can be enabled or disabled via a Configuration File in order to suit the needs and requirements of different users. The code-base is constantly evolving as new features and enhancements are added.R1 MTMS Hosted Solution: Network Topology|  |

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| | KEY FEATURES|
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| Multi-corridor functionality, multi-lingual interface and multi-currency & exchange rate management including auto currency rate pulls from trusted rate-feed providers|  |
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| Web Services API integration, FTP, file upload/download interfaces for insertion and delivery of transactions to and from other agents or systems (e.g. Accounting Packages and other third party systems)|  |

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| Enhanced flexibility: account transfer, cash collection, home delivery, card transfers, mobile top-ups, commission structures, multiple delivery periods, SMS messages, etc.|  |
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| | KEY BENEFITS|
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| Instant access to business critical information ensuring customer and staff empowerment|  |
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| Customer loyalty through enhanced features and provision of value-added services|  |
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| Significantly reduced KYC and AML risks through R1 MTMS' Compliance Rules Engine|  |
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| FEATURES|
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| •| Additional modules for online money transfer and mobile money transfer systems|
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| Advanced security, KYC and AML compliance|
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| Multi-agent, remitter and beneficiary management|
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| Customisable commission schemes for your various agents and corridors|
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| Remitter management and reporting: document expiry dates, remittance totals, remitter ratings, remitter relations, remitter auto rate alerts|
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| Reduce KYC & AML compliance risks with R1 MTMS' sophisticated Compliance Rules Engine with volume checks, velocity checks, suspicious checks, authority reports and more|
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| Web-based for instant delivery of transactions using auto-routing|
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| Real time profit/loss information for each transaction|
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| End-to-end transaction tracking and management|
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| Transaction error and complaints management using internal messaging|
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| Bi-directional transactions for domestic remittances, enabling the specified branches to create and pay out transactions|
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| Advanced reporting, accounting, inter-branch accounting, exporting of data for external accounting, audit...
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