Products

ReconPlus

RconPlus is a highly configurable system for performing reconciliation of transactions across multiple entities and sources based on defined scenarios. It is a modular system that can be implemented by a Service Provider for multiple institutions or as a stand alone system by an Issuer or Acquirer. It has definable interfaces to Networks and Core Banking Systems. The workflow and escalation system enable proactive involvement from users. RconPlus is secure and PCI compliance ready.

ReconPlus

Key Features

  • Access Rights Control can be configured at page level for each user or for a group of users
  • User Configurable Transaction Types – transactions can be added when required
  • User Configurable
    • Channels (such as PoS, ATM, Internet)
    • Interfaces (Switches)
    • Issuer Systems – Core Banking System
    • Networks (VISA, MasterCard, Euronet)
  • User can configure reconciliation scenarios with source files from two or more of these entities
  • User configurable source matching file along with matching fields and criteria
  • Support for one to one and one to many source files reconciliation (at the entity level)
    • Example – Reconciliation between PoS Transaction Batch with Switch, VISA and MasterCard Network
  • Support for two or three way source reconciliation (at the institution level)
    • Example: Reconciliations between PoS, Acquiring Switch and VISA or only between PoS and Acquiring Switch
  • Matching can be triggered automatically during file upload process or driven manually
  • Matching is independent of the sequence of the file upload
    • i.e if two files are pre-defined in the system to be reconciled, then on the load of any of the files and irrespective which is loaded first, the transactions in the file being loaded is matched against the current and unmatched transactions available of the other file in the system
  • Automated identification and generation of Chargebacks (user definable) for both Issuer and Acquirer
  • Transaction time limit tracking
  • Tracking level prioritization – medium, normal, high, (colour coded) – user selected/flagged; transaction ageing and display onscreen is based on this
  • User defined Workflow for
    • Pending Transactions
    • Disputed transactions
    • Cardholder complaints
    • Escalations
  • Workflow can be defined across multiple entities such as Head Office Role and a Branch Office
  • Workflow can enforce Maker and Checker concept
  • Provisions to credit/debit the Merchant – adjustment files generated at EOD
  • Provision ; credit/debit the Cardholder –adjustment files generated at EOD
  • User Dashboard – Alerts; Unmatched Transactions; Pending Actions
  • Global File format template definition
  • Reports auto generated as defined or user generated
  • Reports displayed based on defined access control

Standard Features

  • Parameter Management
    • User Role Management
    • Country Management
    • State Management
    • City Management
    • Currency Management
    • Bank/ Institution Configuration
    • Branch configuration
    • ATM configuration
    • Fee Management
    • Forced Match Configuration
    • Transaction Ageing Configuration
    • CBS GL Codes and Sub Code Configuration
  • File Upload
  • Reconciliation Processing (including Issuer and Acquirer Processing)
  • Restaging of Transactions
  • Historical transactions view and rollback
  • Output files generation
  • Document and Image Storage and Retrieval
  • Automatic letter and exhibit generation
  • Archival of Transactions
  • Audit Logs
  • PCI Compliance Ready

System Stability & Volume Handling

  • Multi-Institution implementation can be done across multiple database sachems
  • Optimized file upload tool
  • User configurable transaction scenarios and matching criteria for improved
    efficiency
  • Identification and segregation of ONUS and OFFUS transaction to reduce
    processing time
  • All matched transactions are flagged as historical and not considered for future matching increasing the efficiency during new transaction file matching
  • Matching of transactions can be done at the time file upload (configurable real time) or on user intervention at the EOD- configurable based on volume
    of transactions

Technology

  • Oracle 10g Database Server (on Windows/Unix)
  • Windows IIS Server as web and application server
  • Microsoft .Net based application

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