Digital payment

Smart Reconciliation Fast, Accurate Zero-Touch Transaction Reconciliation With the proliferation of new payment mechanisms banks need to reconcile many types of digital payment transactions including credit, debit, prepaid, ATM, POS, P2P and mobile transactions. Current payment reconciliation systems are, however inflexible to support new payment classes, new file formats and data resulting in protracted time to onboard payment reconciliations quickly and facilitate multi-party reconciliations. An inability to keep up with new payment classes and growing transaction volumes, introduces additional operational risks, potentially increasing number of exceptions and dispute volumes and costs. Redtech Smart Recon Redetech Smart Recon offers a highly configurable platform for onboarding new payment classes and automates the complete reconciliation operations spanning administrative management, data integration, transactional matching and exception management and reporting. Designed to ...