from Electronic Wallet #

Emails:

wallet/load_funds_processed.pug - Required by Law/SEC
wallet/withdraw_funds_processed.pug - Required by Law/SEC
wallet/transfer_initiated.pug - Required by Law/SEC
wallet/transfer_failed.pug - Required by Law/SEC
wallet/transfer_cancelled.pug - Required by Law/SEC

flowchart TD A[User initiates Load Funds Transfer] --> B(User provides Amount and Chooses Bank) B --> C(Transfer Authorization) C --> D(Transfer initiation) D --> E([LAW REQUIRED EMAIL : Funds transfer is initiated]) D --> H(Funds Processing) H -->|Cancelled| F([LAW REQUIRED EMAIL : Transfer cancelled]) H -->|Failed| G([LAW REQUIRED EMAIL : Transfer failed]) H --> |Processed| I[Funds Available in Wallet] I --> J([LAW REQUIRED EMAIL : Funds are transferred to Wallet ])

The user selects the “Add Funds” option to transfer money from their linked bank account to the Wallet. The platform prompts the user to enter the amount they wish to transfer and confirm the source bank account for the transaction.

The user reviews the transfer details, including the amount and bank account, and authorizes the transaction. The platform initiates the transfer from the bank to the Wallet and notifies the user by email notification that the transfer is in process. Once funds are available in their Wallet, the user receives a required by law email notification. The platform updates the user’s wallet balance to reflect the transferred funds and provides a transaction history for reference.

flowchart TD K[User initiates Withdrawal Transfer] --> L(User provides Amount and Chooses Bank) L --> M(Withdrawal Authorization) M --> N(Transfer initiation) N --> O([LAW REQUIRED EMAIL : Funds transfer is initiated]) N --> P(Withdrawal Processing) P -->|Cancelled| T([LAW REQUIRED EMAIL : Transfer cancelled]) P -->|Failed| U([LAW REQUIRED EMAIL : Transfer failed]) P --> |Processed| R[Funds Available in Bank Account] R --> S([LAW REQUIRED EMAIL : Funds are transferred to Bank Account])

The user selects the “Withdraw Funds” option to transfer money from their Wallet back to their linked bank account. The platform prompts the user to specify the amount they wish to withdraw and confirm the bank account for deposit. The user reviews the withdrawal details and authorizes the transaction. The platform initiates the transfer from the allet to the user’s bank account and confirm the request.

Once the funds arrive in their bank account, the user receives a required by law email notification of the successful withdrawal. The platform updates the user’s wallet balance to reflect the withdrawal and provides a transaction history for reference.

In compliance with FINRA guidelines, we follow the NIST 800-63B standards for handling sensitive data. While this standard provides general recommendations for data security, it leaves some ambiguity regarding the exact requirements for storing sensitive information. In the event of a data breach or improper handling of sensitive data (such as unauthorized access to banking information), there could be significant legal and financial consequences for the platform. To mitigate such risks, we never store sensitive data directly on our platform. Instead, we rely on trusted third-party partners to handle and secure payment information, ensuring both compliance and the protection of investor data.

Our email-service has integration with the trusted delivery and marketing platform which ensures security, compliance, and deliverability. It obust encryption and regulatory compliance (FINRA), protecting sensitive financial data and minimizing the risk of phishing or email spoofing. Additionally, third-party providers handle scalability, uptime, and automation, ensuring timely communication during high traffic periods and streamlining customer notifications.

Notice: Provider Variability and Compliance Assurance

Please be advised that, depending on customer preferences, the specific providers involved in the investment and related processes, including identity verification, accreditation checks, electronic wallet provision, email communications, and other related services, may vary. However, rest assured that all such providers are carefully selected to meet the highest standards of security, compliance with applicable laws and regulations, and user experience best practices.

Each provider undergoes a rigorous vetting process to ensure they align with our commitment to safeguarding your personal and financial information. We prioritize full adherence to regulatory requirements, ensuring that your investment experience remains secure, compliant, and seamless.

Test Cases

All processes on our platform are thoroughly documented, including detailed test cases, which are especially critical whenever changes are made. Test cases ensure that every feature functions as intended, identify potential issues early, and maintain the platform’s reliability, security, and compliance for our investors.

Related Use-Cases: