ENTERPRISE RECONCILIATION FOR CARD PAYMENTS
Ecentric Payment Systems offer an enterprise reconciliation service to address all card reconciliation challenges across sales channels. Our card reconciliation module, ReconAssist™ Card reconciles all bank issued cards and private label cards. This service caters for multiple acquirers, multiple issuing systems and any merchant settlement permutation.
A HIGHLY CONFIGURABLE SERVICE
ReconAssist™ Card encompasses all systems between sales and settlement, ensuring total visibility of transaction processing activity and data quality. This service enables your business to verify transaction theory (sales) with reality (bank settlement) by incorporating transaction views from sales systems, acquiring banks, private label card issuing systems, payment processors and bank statements.
Reconcile all bank issued credit cards, debit cards and cheque (hybrid) cards.
Private Card Reconciliation
Reconcile all in-store cards and private label cards (such as RCS and BuyAid).
Configurable rule based matching
Not all banks, point of sales or switching providers uniquely identify a transaction the same way. ReconAssist™ provides a range of matching rule options for card transaction reconciliation that cater for all scenarios, globally – guaranteed.
Bank Statement Processing
Bank Statements can be imported into ReconAssist™ for onward processing to the general ledger. ReconAssist™ translates statement entries into journal postings for automated transaction posting to finance systems.
Card settlement entries on the Bank Statements are also cross-checked against all transactions received to maintain control between settlement and reconciliation and to highlight any settlement issue that may occur.
ReconAssist™ Card offers configurable adjustment posting to any system that requires synchronisation. Adjustments can include exceptions identified, corrections applied and ancillary actions such as chargebacks or other custom financial needs identified.
- Implement detail level financial controls between bank and ERP systems.
- Track and correct ledger drift.
- Expedite bank query turn around with accurate information about exception scenarios.
- Quickly identify any weaknesses in your IT system implementations.