Card Transaction Reconciliation made Simple and Secure for Banks

We are aware, authorisation and approval of credit or debit card transactions are fully mechanised by the card issuer banks. When every process inside the payment authorisation is so fully automated, have you ever wondered, if there is a need at all for the banks to have a separate Card Transaction Reconciliation process. If you did, then consider these possibilities: loss of transactions over the net, double debits to customer accounts for a single transaction and excess (or duplicate) claims made by counter parties. Finally be also aware that each of the participating entities in payment authorisation, cut-over their daily operation cycles at different time period of the day. This results in the transaction extract for a day from one entity never really matching with the extracts of other entities. 

Card transaction reconciliation, therefore mitigates operational risks and helps financial institutions in confidently settling the disputes raised by their customers.

Card Transaction Reconciliation
What follows Reconciliation

What Follows Card Transaction
Reconciliation...

Reconciliation, as a concluding process in managing the daily transaction cycle, is composite of the following  activities.

  • Reconciling Interchange settlement accounts
  • Balancing ATM cash
  • Settling Merchant Accounts
  • Handling Disputes & Chargebacks
  • Validating General Ledger Balances

We support our customers with a specific product for each of the above activities.

Hello Banker..

Are you interested in retail payments reconciliation? Are you on the look out for a MasterCard, Visa, Amex or other interchange transaction reconciliation? We value your relationship. Kindly leave a message for us to reach out to you.

NetzTechnologySolutions
NETZ Technology Solutions
Spring Framework based Design

Operating system agnostic
RDBMS agnostic
MVC framework

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NETZ Technology Solutions
Microservices Architecture

New Services could be added
System could be Load balanced

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NETZ Technology Solutions
Workflow based Design
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NETZ Technology Solutions
Single Core Reconciliation Engine

Not just existing channels
New evolving channels could be added

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NETZ Technology Solutions
Easy Migration path
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NETZ Technology Solutions
Extensive Logging and
Audit Trail
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NETZ Technology Solutions
Fully Automated Processes

All Everyday processes are automated
Manual Intervention only for control & configuration

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Institutions can now reconcile
ATM, Pos, E-Commerce
and Mobile Transactions
EVEN WHEN
TRANSACTION EXTRACTS
FROM CORE BANKING
OR
EVEN WHEN
TRANSACTION EXTRACTS
FROM CORE BANKING
OR
EVEN WHEN
TRANSACTION EXTRACTS
FROM CORE BANKING
OR
FROM INTERCHANGES LIKE
VISA, MASTERCARD,
AMEX, RUPAY AND
OTHERS
arrive at different cutover
times
Mitigate
Operational
Risks
cast trial balance & post general ledger
balance atm cash
settle merchant account
manage chargeback

with our smart recon
products
Netz Technology Solutions
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