Merchant Acquiring & Reconciliation System
MARS – Merchant Acquiring & Reconciliation System enable acquiring banks to manage merchant related activities, clearing, chargeback management and reconciliation in an integrated way. This browser based system can be easily accessible securely over intranet/internet and is highly configurable and customizable as per requirements.
| Merchant Management | Transaction Management | Billing & Settlement |
|---|---|---|
| Onboarding (UI/API) | Transaction Processing | Discount Fee Calculation |
| Maker, Verifier & Approver | Surcharge, other charges | @GST/Tax Processing |
| Switch and FRM Activation/Deactivation | Reversal Processing | Rental, Fees and Charges |
| Beneficiary Registration | Refund Processing | Payment Hold / Overdraft |
| Flexible discount rate setup | Transaction Hold / Release | Payment API / File |
| Rental, Fees and Charges setup | Adjustments | Statement Processing, Tax Invoice |
| Clearing & Settlement | Chargeback Management | Reconciliation |
|---|---|---|
| Amex, Visa, MasterCard, RuPay Clearing | Retrieval Request | Transaction Matching and Recon |
| Interchange Fee Calculation | Chargeback Tracking | Settlement Reconciliation |
| Collection Only Files | Document Management | Journal Voucher |
| Incoming File Processing | Re-presentment | GL Entries |
| Settlement and Association Fees tracking | Fee and Fund Disbursement | Transaction / Merchant Profitability |
| Multiple Settlement Cycles | Transaction Life Cycle Tracking | Risk Management Reports |