System Architecture

System Architecture Overview

StreamPayments™ System Architecture Overview

The StreamPayments™ system architecture is designed to provide a robust, scalable, and secure platform for processing a wide range of payments, from traditional methods to cutting-edge cryptocurrencies. It encompasses various components and layers that work harmoniously to facilitate seamless payment transactions and deliver an exceptional user experience.

1. Client-Facing Components:

• Web and Mobile Interfaces: These are the user-facing interfaces that customers and merchants interact with. They include online storefronts, checkout pages, and mobile applications where users initiate payments.

• Phantom Wallet Integration: A key feature of the system, allowing users to connect their Phantom wallets for cryptocurrency payments. It simplifies the payment process and enhances user convenience.

• User Authentication and Security: Ensures secure user access and authentication, protecting sensitive payment information and maintaining data integrity.

2. StreamPayments™ Gateway:

• Cryptocurrency Payment Processing: This component handles cryptocurrency payment processing, including generating payment addresses, validating transactions, and confirming payment statuses.

• Payment Conversion: Converts incoming cryptocurrency payments into desired fiat currencies or other cryptocurrencies, allowing merchants to receive funds in their preferred currency.

• Transaction Tracking and Management: Monitors and manages the entire payment lifecycle, tracking transactions from initiation to settlement.

3. Payment Processing APIs:

• StreamPayments™ API: The core API that facilitates communication between the client-facing interfaces and the backend payment processing systems. It receives payment requests, validates them, and processes transactions.

• Refunds API: Handles refund requests, ensuring seamless and accurate reversal of payments.

4. Payment Processing Engine:

• Payment Routing: Determines the appropriate payment route based on the chosen payment method, currency, and other factors. Routes payments to the corresponding processors for further processing.

• Currency Conversion: Performs real-time currency conversion for cross-border payments, ensuring accurate exchange rates and transparent conversion fees.

5. Payment Method Processors:

• Traditional Payment Processors: Integrates with traditional payment methods such as credit/debit cards, enabling secure authorization, capturing, and settlement of payments.

• Cryptocurrency Payment Processor: Manages cryptocurrency transactions, handling payment validation, confirmation, and settlement on the blockchain.

6. Database and Data Storage:

• Transaction Database: Stores transaction details, payment statuses, user information, and other relevant data for audit and reporting purposes.

• User Profiles and Preferences: Stores user accounts, payment preferences, and wallet information securely.

7. Security and Compliance:

• Encryption and Data Protection: Ensures end-to-end encryption of sensitive payment data, safeguarding it from unauthorized access.

• PCI Compliance: Adheres to Payment Card Industry Data Security Standard (PCI DSS) requirements for handling credit/debit card data securely.

8. Business Logic and Rules Engine:

• Payment Validation and Fraud Prevention: Implements business rules for payment validation, fraud detection, and prevention mechanisms to enhance security.

• Currency Conversion Logic: Executes dynamic currency conversion calculations based on real-time exchange rates.

9. Reporting and Analytics:

• Transaction Reports: Generates detailed reports on payment transactions, settlement status, and user activities for merchants and administrators.

• Business Analytics: Provides insights into payment trends, customer behavior, and performance metrics, aiding business decision-making.

The StreamPayments™ system architecture is designed to offer flexibility, scalability, and security while supporting a variety of payment methods and catering to both traditional and cryptocurrency-based payments. It ensures a seamless payment experience for users and merchants, contributing to enhanced customer satisfaction and efficient payment processing.