BestHub
Sign in
Tagged articles
16 articles
Page 1 of 1
Chen Tian Universe
Chen Tian Universe
Feb 21, 2026 · Fundamentals

How Card Networks Power Global Payments: From Rules to Real‑Time Settlement

This comprehensive guide explains what card organizations are, how they act as the central platform connecting issuing and acquiring banks, the architecture of their private networks, the ISO‑8583 and ISO‑20022 messaging standards, the clearing and settlement process, fee models, and future challenges from stablecoins and CBDCs.

ISO-8583card networksclearing
0 likes · 26 min read
How Card Networks Power Global Payments: From Rules to Real‑Time Settlement
Chen Tian Universe
Chen Tian Universe
Dec 1, 2025 · Fundamentals

Mastering Payment Accounting: A 4‑Step Method with Real‑World Journal Entries

This article breaks down the complex payment accounting process into a clear four‑step method, demonstrates how to fill a unified accounting table for various scenarios, and provides detailed journal entries for platforms, payment institutions, clearing networks, and banks, enabling practitioners to handle multi‑node payments accurately.

accountingclearingfinance
0 likes · 16 min read
Mastering Payment Accounting: A 4‑Step Method with Real‑World Journal Entries
Chen Tian Universe
Chen Tian Universe
Sep 27, 2025 · Operations

How to Eliminate Illegal Secondary Clearing (二清) in Payment Platforms: A Complete Compliance Guide

This article explains what secondary clearing (二清) is, why it violates regulations, and provides a step‑by‑step compliance solution—including account structures, payment transaction flows, fund collection, settlement, regulatory clearing, platform transformation checklists, and key interface specifications—to help platforms redesign their settlement processes safely and legally.

clearingcompliancefund management
0 likes · 17 min read
How to Eliminate Illegal Secondary Clearing (二清) in Payment Platforms: A Complete Compliance Guide
Chen Tian Universe
Chen Tian Universe
Aug 18, 2025 · Fundamentals

Unlocking Futures: A Beginner’s Guide to Clearing and Settlement in Chinese Markets

This article provides a comprehensive, easy‑to‑understand overview of futures contract concepts, trading systems, clearing and settlement processes, margin rules, participant roles, accounting treatment, and data considerations across China’s six major futures exchanges, illustrated with clear diagrams and examples.

DerivativesFuturesaccounting
0 likes · 16 min read
Unlocking Futures: A Beginner’s Guide to Clearing and Settlement in Chinese Markets
Chen Tian Universe
Chen Tian Universe
Jun 17, 2025 · Fundamentals

Master the 55 Accounting Entries Behind a Single Payment: Complete Guide

This comprehensive guide walks you through every accounting entry involved in a payment transaction—from platform store bookkeeping and transaction platform settlements to payment institution and central bank clearing—illustrated with clear diagrams and step‑by‑step journal entries.

accountingclearingfinance
0 likes · 14 min read
Master the 55 Accounting Entries Behind a Single Payment: Complete Guide
Tencent Cloud Developer
Tencent Cloud Developer
Mar 12, 2025 · Fundamentals

Online Payment Fundamentals: Background, Payment Types, Reserve Funds, Direct vs Indirect Connections, and Settlement

The article surveys the evolution of online payments from PayPal to Chinese platforms, explains staged versus pass‑through digital wallets, defines reserve‑fund management and its centralised custodial requirements, contrasts direct and indirect bank connectivity via NetUnion, and clarifies the distinctions among clearing, settlement and accounting.

clearingdigital walletonline payment
0 likes · 17 min read
Online Payment Fundamentals: Background, Payment Types, Reserve Funds, Direct vs Indirect Connections, and Settlement
Chen Tian Universe
Chen Tian Universe
Feb 10, 2025 · Operations

How Payment Clearing and Settlement Systems Really Work: A Deep Dive

This article provides a comprehensive overview of payment clearing and settlement, detailing the architecture of clearing subsystems, object relationship models, billing rule engines, settlement processes, various settlement modes, and the full accounting flow that ensures accurate fund distribution across platforms and merchants.

Operationsaccountingclearing
0 likes · 31 min read
How Payment Clearing and Settlement Systems Really Work: A Deep Dive
Chen Tian Universe
Chen Tian Universe
Jan 11, 2025 · Fundamentals

Unlocking China’s Central Bank Payment Infrastructure: A Deep Dive into 20 Core Systems

This article explains how the People’s Bank of China’s second‑generation payment system serves as the nation’s payment backbone, detailing the purpose, operation, and key features of twenty individual subsystems that together enable real‑time clearing, batch processing, cross‑border settlement, and comprehensive payment monitoring.

Banking Operationscentral bankclearing
0 likes · 14 min read
Unlocking China’s Central Bank Payment Infrastructure: A Deep Dive into 20 Core Systems
Chen Tian Universe
Chen Tian Universe
Dec 21, 2024 · Fundamentals

Unveiling the Super Payment Clearing Ecosystem: A Visual Deep Dive

The article shares a series of detailed payment‑clearing architecture diagrams that illustrate the full domestic payment ecosystem, its participants, settlement flows, and regulatory layers, inviting readers to explore each component and its interconnections.

DiagramPayment Architectureclearing
0 likes · 6 min read
Unveiling the Super Payment Clearing Ecosystem: A Visual Deep Dive
Chen Tian Universe
Chen Tian Universe
Dec 15, 2024 · Fundamentals

Mastering Payment Systems: 88 Diagrams and 66 Key Concepts Explained

This comprehensive guide demystifies the entire payment ecosystem—covering the nature of payment, transaction flow, clearing and settlement models, various payment modes, routing, accounting, and risk management—using 88 illustrations and 66 essential knowledge points for a quick reference handbook.

Payment Architectureaccountingclearing
0 likes · 32 min read
Mastering Payment Systems: 88 Diagrams and 66 Key Concepts Explained
Java High-Performance Architecture
Java High-Performance Architecture
Jul 13, 2022 · Operations

How Payment Systems Ensure Accurate Fund Reconciliation: A Deep Dive into Clearing and Settlement Processes

This article explains how payment companies match internal accounting records with bank clearing data through a dedicated reconciliation center, covering fund inflow and outflow matching, reconciliation types, workflow diagrams, functional modules, and strategies for handling unexpected data anomalies.

accountingbank integrationclearing
0 likes · 26 min read
How Payment Systems Ensure Accurate Fund Reconciliation: A Deep Dive into Clearing and Settlement Processes
Top Architect
Top Architect
Jul 10, 2022 · Operations

Fundamental Principles and Implementation of a Payment System Reconciliation Center

This article explains how a payment company's reconciliation center matches internal transaction records with bank clearing data, detailing the clearing reconciliation system, reconciliation definitions, data sources, processing logic for one‑to‑one, many‑to‑many, and one‑to‑many scenarios, as well as module functions, exception handling, and data recovery procedures.

OperationsReconciliationaccounting
0 likes · 28 min read
Fundamental Principles and Implementation of a Payment System Reconciliation Center
Top Architect
Top Architect
Jan 21, 2022 · Operations

Clearing and Reconciliation System in Payment Platforms: Architecture, Processes, and Data Handling

The article provides a comprehensive overview of payment‑system clearing and reconciliation, detailing fund inflow/outflow matching, reconciliation center functions, various one‑to‑one, many‑to‑many and one‑to‑many matching rules, data import, error handling, and auxiliary modules such as balance entry and abnormal data recovery.

FinancialOperationsReconciliation
0 likes · 29 min read
Clearing and Reconciliation System in Payment Platforms: Architecture, Processes, and Data Handling
Fulu Network R&D Team
Fulu Network R&D Team
Jul 31, 2020 · Product Management

Understanding Money Flow and Information Flow in Financial Systems for Product Managers

This article explains the concepts of money flow and information flow in financial systems, illustrates them with real‑world payment examples, clarifies related payment industry terms such as clearing, settlement, and large‑value payment systems, and highlights why product managers must grasp these fundamentals for effective design and compliance.

clearingfinancial technologymoney flow
0 likes · 7 min read
Understanding Money Flow and Information Flow in Financial Systems for Product Managers