Ascent AutoRecon© is an ATM reconciliation software solution which enables financial institutions to automate the daily balancing of the ATM and Card network.
Ascent ATM reconciliation software AutoRecon© leverages the reconciliation process through reliable matching of cash withdrawal & deposits, check deposits, fund transactions and cash replenishment/collections at the vendor managed ATMs and confirms operational stability.
The banking reconciliation software maintains a harmonic relationship between the host bank Switch, Host Interface, Power Card and General Ledger (GL)
The reconciliation software flawlessly matches the debit and credit cards transaction data and updates the internal books in real-time. It eliminates data discrepancies in terms of on-us, acquirer, and issuer transactions of the host bank.
The solution has already been implemented by five clients in counties like UAE ( Dubai , Abu Dhabi ), Saudi Arabia, Oman, Bahrain, Qatar, Kenya and Malaysia. There has been a particularly strong level of demand in the Middle East region but the solution is equally applicable to any geography.