How It Works

Core Architecture

Our system is built on Solana's Token Extensions, providing a robust foundation for token management and payment processing. The core components include:

1. Access Control Program

   • Manages role-based permissions
   • Controls authority levels
   • Handles account creation and updates

2. Authorized Token Program

   • Implements token limits
   • Controls token operations
   • Manages authority permissions

3. Payment System Program

   • Handles purchase transactions
   • Manages refunds
   • Processes payment verifications

Account Management Flow

The following sequence diagram illustrates how accounts are managed between Issuers and Acquirers:

Purchase Flow

The purchase process involves multiple steps to ensure secure and verified transactions:

Refund Process

The refund process includes additional verification steps and may take 3-5 days to complete:

Extensible Features

The system can be extended with additional features:

1. Confidential Transfer Extension

   • Available for specific markets
   • Enhanced privacy for transactions
   • Customizable visibility rules

2. Memo Support

   • Add transaction notes
   • Include reference numbers
   • Store additional metadata

3. Asset-Level Controls

   • Granular permission settings
   • Custom token restrictions
   • Market-specific rules

Security and Compliance

• All transactions are verified on-chain
• Multi-level approval process
• Role-based access control
• Audit trail for all operations
• Compliance with financial regulations

Integration Points

The system provides APIs and interfaces for:

• Merchant onboarding
• Payment processing
• Refund management
• Account administration
• Transaction monitoring