A comprehensive data analysis platform that addresses complete reconciliation needs of banks and financial institutions!
In an electronic financial transaction processing environment, transactions get logged at various entities, such as acquirers, issuers and interchanges from various time zones. The differences in the cut-over timings between host/switch and interchanges may not allow for complete reconciliation of a business day’s transactions. FSS has built a robust and efficient reconciliation suite that would help simplify the reconciliation process and as well as settlement and dispute management.
FSS Recon is trusted by over 20 banks (licensing and processing model), supporting over 20 million transactions in a single day.
- Modular architecture – Implements modules as required thereby optimizing investment in line with business objectives
- User defined rules to generate alerts on chargeback, retrieval request and response
- Automated scheduling of reconciliation activity
- Force match option facility to manually settle un-reconciled entries
- Multi-level reconciliation that supports international & domestic networks across multiple delivery channels
- Applicable transaction fee and surcharge can be configured
- FSS Recon is currently deployed and functional at over 20 banks/ institutions in India and world over
- A proven, scalable solution that supports reconciliation of over 20 million transactions in a single day
- Reconciliation of all card transactions is processed under a single system that provides an unified view to bank/financial institution
- A comprehensive solution perfected over a period of 20 years from the pioneers in the payments domain