"Okay, I'll inform her right away." Yu Shenghai said and left the office. Xing Baohua then busied herself with processing the documents he had left behind.
Xing Baohua finished processing the documents and was almost off work. He was still a little reluctant to leave, as he was worried about his back hurting when he got home that night.
At this moment, Xie Yingying knocked on the door and came in, saying to Xing Baohua, "Boss, Mr. Sun from Japan has an emergency to report and called me."
He then handed the phone to Xing Baohua.
"What is it?"
"Boss, our π payment service on Eagle has been suspended by the local J party?"
"What's the reason?" Xing Baohua frowned upon hearing this.
He had a deep conflict with Da Ying, and he was the one who started the trouble by targeting Da Ying.
After listening to Lao Sun recount what had happened, Xing Baohua realized where the problem lay. He couldn't blame others for targeting him; it was because π Payment had a huge vulnerability that some clever people were exploiting.
As one of the world's first wave of e-commerce companies, many of its systems were developed through trial and error, and loopholes were inevitable. Given the sheer size of the market, Xing Baohua couldn't possibly consider everything.
To accelerate the promotion, anyone with a legal storefront and valid business licenses can use π Pay and open an online store.
Some criminals have taken advantage of this rule to conduct illegal transactions.
The storefront was fake, the registrant was fake, and even the business license was fake, which proves how lax the review process of π Pay is. In fact, there is no review department at all; you can open an account just by uploading materials.
Many people know how chaotic things are in the Eagles, especially in the gray areas.
With the added discounts offered by π payment, those selling contraband started using π payment, and most importantly, the profits they made went into banks.
This is equivalent to washing it once.
No need to worry about piles of cash, and customers can even get discounts after using π payment. Especially for addicts, they love π payment; they've never encountered discounts or cheap deals before.
Okay, Big Eagle J was also giving him a heads-up. It wasn't specifically targeting him, but rather aimed at the vulnerabilities in π payment.
What a kind person!
But can this thing really be stopped?
They label the products as white sugar, flour, alum, and MSG; how can he distinguish them? He can only find one business that cooperates with the investigation or freezes the merchant's funds. He needs the capability to screen all the merchants!
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