A Modular Reconciliation System
An Enterprise wide Comprehensive Reconciliation, Settlement and Dispute Management System
It’s a PA-DSS certified highly configurable application for reconciling various electronic, mobile and cash related transactions across multiple entities and sources. ReconPlus is a modular system that can be implemented accross multiple banks or as a stand alone system for an Issuer/Acquirer bank.
ReconPlus Architecture
ReconPlus Process Flow
Key Features
- PA-DSS 3.2 Security Certified
- Support 4-3-2-1 way Reconciliations
Technical
- Platform independent, developed using Java Technologies
- Works on multiple platforms including Windows and Linux
- Supports SQL Server and Oracle Databases
- Powerful matching engine with configurable matching scenario and rules
- Scalable to support very high volumes
ReconPlus Key Features- Functional
- Prompt and effective end-to-end reconciliation of all acquirer and issuer transactions, Nostro, Mobile Banking and General Reconciliations
- Support 2 way, 3 way and 4 way reconciliation scenarios
- Automated and quick transaction matching based on pre-defined rules
- Browser based user friendly application interfaces
- Highly parameterized and modular
- Designed to handle very high transaction volumes
- Effective management of exceptions
- Potential chargeback and dispute transaction identification
- Flexible user management with group wise access rights and audit trail reports
- Facility to raise email alerts
ReconPlus Key Features - Operational
- Easy automated and manual file processing options.
- High automated matching rate (100% for card transactions)
- Supports Visa, MasterCard, UPI, NFS and RuPay clearing & settlement file formats
- Exception report showing daily exceptions and consolidated after ‘n’ number of days
- Option for tolerance matching of transaction
- User friendly interface to manage the unmatched transactions and other exceptions
- Comprehensive search functionality to locate and display any transaction in the system
- Option to save reports in multiple forms like txt, csv, excel, pdf
- Option to generate corrective entries to core bank system for posting
- Dispute transaction tracking and management
- Segregation of duties at operational level with clear access level controls
- monthly and quarterly dashboard reports