As the volume of card activity across ATMs and point-of-sale devices increases and industry highly focused on exponential growth of multiple channels, Reconciliation has become one of the core back-office process. One of the main challenges the financial institutions face is the increase in operations effort and support cost due to semi/totally manual back office work required for these operations.

Simply Settle

Intelligent Reconciliation Solution enabling totally automated back-office process for greater efficiency,helping the organization reduce operational risk and minimize costs.

Challenge in Managing ATM cutoff and replenishment timing issues

Tracking and handling on/off us, issuer and acquirer transactions

Handle disputes and failed transactions

Improve the quality of ATM e-journals and transaction data

manage the manual process for reviewing transaction breaks and general ledger entries

create card settlement/payment file generation

Lack of systems to monitor and report the availability of EJ for all ATMs

The data processing module deals with the data from CBS Data,Switch Data,Issue/Acquirer, Card Data, EJ data and Core Banking Data.

Reconciliation of third party files such as Visa, Master etc.
Rule based Auto Matching and Forced Matching.
Exception reports Generation.

Maintenance of Ledger Accounts namely,Suspense Debtors,Cash in ATM,Visa,Master Card etc.
Printing of voucher and accounting entries.
Inter Bank/Branch transaction account.

Automated Processing & Generation of Chargebacks
Compliance of charge-backs /request procedures
Reconciliation Statement of issuing charge-back account

Cash loading and unloading information from Switch and Branch
EJ Exceptions
Cash Overcharges and outages