Our Reconciliation Service ensures that your clients’ card-based transactions are cleared and settled in accordance with Payment System rules. We support our banks by working with them across several file processing interfaces.

The service covers:

  • Daily reconciliation of internal accounts
  • Monitoring and early detection of inconsistency and mismatches
  • Application of corrective measures
  • Validation of the number and volume of transactions vs Payment System reporting
  • In-house reporting
  • Reconciliation between Payment Systems reports and in-house reporting
  • Up-to-date follow up and communication

The service gives you a clear overview of the financial entries in your correspondent account with the Payment Systems, including those related to issuing and acquiring transactions and to the Payment System licence and costs.