info@ascentitgroup.com | +971 4 3695306 / +1-646 - 918 – 8836

Issuer / Acquirer

Accurate Matching of Issuer & Acquirer Transactions

Banks are often bothered about revenue leakage due to mismanagement of issuer and acquirer accounts. Further, the process of manually reconciling these accounts, making the tallies more complex.

Ascent AutoRecon© demystifies the unidentified areas and helps in mitigating the revenue hiccups. It verifies and matches the issuer / acquirer data using multi-way scenarios, customized to criteria of respective Banks.

Matching Scenarios

Issuer account of a Host Bank determines the cash outflow. Hence, reconciliation for this type of transaction should match with ATM Switch, Host Switch, Client Switch and finally the General Ledger. This matching can be accurate only with an automated solution.

AutoRecon© seamlessly integrates with upstream data sources and interfaces to ensure data extraction at regular intervals. Additionally, it pulls up the exception cases and updates the dashboards in real-time, using role based access workflow and spontaneous follow ups.

Benefits

  • Rapid multi-way matching
  • Clearing settlement issues with issuers & schemes
  • Settling accounting with acquirers & schemes
  • Trader booking information & settlement
  • Guaranteed settlement of risky exception cases