The service of the AUC project consists largely of B2B, B2C, and B2G services.
The target market for B2B(business-to-business) business is telecommunications and distribution/logistics companies. The AUC team proceeds B2B business with a partnership strategy. From a company’s perspective, it is a great opportunity to reduce costs and secure users with a platform strategy.
Today, we will talk about the PG (Payment Gate) business among B2B business of AUC project.
The AUC team aims to prepare for compatibility with the growing future ICT industry by presenting an advanced, optimized and stable Payment System model.
Consumers pay through POS devices and kiosks supplied by AUC Project at franchises contracted as PG network partners for AUC Project. The payment is proceeded with card or mobile app that has the digital currency of the AUC project, ANT. In response, AUC will share commissions with business partners who are payment service providers, and the partnership stores will pay for using the PG network for the payment infrastructure provided by AUC.
In AUC’s PG system, payment is made through ANT, a digital point applied with Off Chain technology. It is designed to be linked to AUC Coin through the blockchain platform, and the ledger database of ANT will be stored transparently and safely through the blockchain database management system (DBMS), which is integrated with blockchain technology.
The AUC team jointly develops and provides the Payment System through a technology partnership with ‘NICE Information & Telecommunication’ in Korea to enhance the consumers’ convenience in using the financial payment services. NICE Information & Telecommunication is a provider of two payment systems, Value Added Communication Network (VAN) and PG, providing one integrated payment and payment solution through credit card and transactions. Additionally, the company is leading the financial and payment market with 30 years of experience and knowledge in the payment industries.
The AUC project team, who developed the core functions of the PG business with NICE Information & Telecommunication, the leader of the payment industry in Korea, supplies virtual assets AUC Coin and digital point ANT through the PG payment network to make it familiar for consumers to use in real life.
Was today’s topic too difficult? From now on, we will explain about the AUC project in one step at a time and as easily as possible.
If the banks don’t provide their customers with a more relevant, more insightful experience, then someone else will.
- Georg Ludviksson, Meniga