Reconciliation
A PCI DSS compliant unique two/three/four-way Reconciliation, Settlement and Dispute Management System for any retail banking transactions, which has been specifically designed to cater to various technological needs of the banking and financial services industry. It’s a complete solution for reconciliation of all types of banking transaction. It reconciles the data which is received from any source in flat file based on defined key fields.
Features
Highly parameterized, operational & decision-making system to support the fast changing requirements of the bank.
Maintain and calculate the fees/commission to be paid or received from Interchange, Merchant/Business Correspondents etc. Bank can compare the fee calculated from Recon System with various other systems.
Support cash balancing to verify the ATM Cash with the Cash Replenishment Agency (C3R) report (an optional feature)
Support lightweight directory access protocol(LDAP) to verify the common user authentication from active directory.
Provides various reports like 2/3/4 way Reconcile/Un-reconcile report, Merchant Settlement report, Interchange Settlement report and various other MIS reports.