What does Shanghai remittance data reserve mean?

After the customer swipes the card, the third party pays the money paid by the company to the merchant.

Shanghai remittance data reserve refers to the funds paid to merchants by third-party payment companies after customers swipe their cards.

Shanghai remittance data reserve service has the characteristics of double backup, 24-hour inspection and immediate emergency treatment, which ensures the real-time reliability of customer payment transactions, fund custody and intelligent risk control.