A simple, quick and automated functionality to improve accuracy of processing the financial transactions through all types of delivery channels (like ATM, POS, Ecommerce, Mobile Banking etc.)
Matching and processing unstructured data retrieved from delivery channels, switches, interchanges and internal systems of bank/institution.
Highlights
Centralized reconciliation A centralized reconciliation for all financial transactions giving a single view to the bank/institution.
Multi-institution and Multi-level Supports multiple international and domestic networks in multiple formats.
Fully Automated Facilitates fast-paced, reliable process with near zero discrepancies.
Alerts Immediate alerts to appropriate authority in case link goes down which helps in retaining nearly uninterrupted service to customers.
Suspected logs Reports on failed disbursements, erroneous account debits or any such discrepancies are availed for checking and settlement.
Reports Easy extraction of reports on cash replenishment, individual ATM transactions, individual network transactions, etc.
Dispute Management Support Suggestions on applicable actions that can be taken on disputed transactions as per pre-programmed norms.
Integration of additional services Provision of integrating services like auto-debit of card/service charges from the customer accounts, etc.
Benefits
Saving in manpower cost and time
More Reliability and Efficiency
Faster resolution of mismatched transactions
Single Solution for ALL reconciliation needs of Payment Systems at the Bank/institution.