Card Payment
Solutions
Clearing and
Settlements
The Clearing and Settlement system concept is an ideal solution for two parties to exchange information concerning monetary transfers in order to settle payments between the two parties. It is suitable for banks, processing centers and clearing houses. The system is designed parametrically to comply with MasterCard and Visa clearing systems and also conform to national clearing and settlements for local processing units.
Core Advantages
• Automatic calculation of fees and commission
• Ability to incorporate several financial institutions
Main Qualities
• A both automatic and manual incoming and outgoing procedure
• An incoming and outgoing rollback strategy
• An automated rejection process for requirements mismatch
• Reversal matching
• Automatic clearing for reports
• Loyalty Clearing Systems as (Bonus, World, Axess)
• Comparing transactions and activity to support documentation
• Reports generation for Visa, MasterCard and National Clearing Systems Quarterly