How Banks Integrate with the NetUnion Platform After Direct‑Connect Termination

This article explains how, after the direct‑connect policy is removed, banks link their internal payment systems to the NetUnion platform, detailing quick pay, gateway pay, collection, refund, settlement processes and the layered architecture that ensures secure, high‑performance transaction handling.

Payment Integrationbank payment systemclearing platform

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How Banks Integrate with the NetUnion Platform After Direct‑Connect Termination

Chen Tian Universe

Jul 25, 2023 · Fundamentals

What Happens Behind a Simple WeChat QR Payment? A Deep Dive into the Payment Chain

The author walks through a real‑world WeChat QR payment, revealing how a single transaction triggers multiple participants—including a unified collection code, WeChat Pay, the payer’s bank, and both NetUnion and UnionPay—while dissecting the information and fund flows captured in the resulting bill.

UnionPayWeChat Paynetunion

0 likes · 5 min read

What Happens Behind a Simple WeChat QR Payment? A Deep Dive into the Payment Chain