Ledger Management

As the source of data and connections between the networks, CLOWD9 will always perform the core verifications, such as checking the Primary Account Number is valid, the status and the type of authentication (PIN, Expiry, CVV2).

CLOWD9 platforms offer the flexibility to manage your customer balance and ledgers on a 3rd party system of financial record or for CLOWD9 to manage the ledgers.

CLOWD9 Off Ledger

Off Ledger is CLOWD9’s Switch proposition. Clients are able to use CLOWD9 as the certified interface to Scheme (Visa , Mastercard and Discover) to handle authorise and settlement traffic.

However, the system of customer and financial record is typically an external client sourced ledgering platform. It is that platform that has responsibility for the financial aspects of the authorization decisioning.

The interface between CLOWD9 and the external platform is based on the CLOWD9 Dynamic Data Stream (DDS) message interface.

CLOWD9 DDS supports

• Authorisation decisioning messaging
• Settlement messaging
• Administrative notifications such as card status changes that occur in the system, blocking of a card if the number of online PIN tries are exceeded, or as a result of CLOWD9 automatically changing a card to expired when the expiry date has passed.

Typically the external platform supports the following:

• Management of financial authorisation decisioning
• Holding the “values” of individual customer funds
• Initiation of lifecycle events such as customer onboarding, status updates

CLOWD9 On Ledger

Using the On Ledger processing solution, clients are able to use CLOWD9 as the system of financial record that will keep an up to date ledger balance within the CLOWD9 ecosystem.

Clients are able to use CLOWD9 as the certified interface to Scheme (Visa , Mastercard and Discover) to handle authorise and settlement traffic. It is then the CLOWD9 ledger that has responsibility for the financial aspects of the authorization decisioning.

CLOWD9 implements this ledger as an independent sub system that can collaborate with other sub systems or operate independently.

Its important to understand that physical funds and physical fund movements will happen outside of CLOWD9 platform. These typically happen on the aggregated funds that client holds on behalf of their customers with a regulated financial services entity.

CLOWD9 only records the “values” of individual customer funds within its platform as instructed by the clients through published APIs. As and when there are movements on the values those are sent to client platform in near real time to keep the client side fund movements in sync.

CLOWD9’s On Ledger solution can handle any asset class to support various various use cases:

• Simple Stored Value Account of a single currency to a single or joint customer
• Multi Currency Accounts
• Crypto Backed Accounts
• Commodity Backed Accounts