Interchange income received below what qualified transactions should earn.
Every qualified transaction checked against the interchange it should earn.
Scheme and processor fee invoices nobody checks line by line.
Scheme and processor invoices verified line by line against contract rates.
Chargebacks, card balances and the GL drifting apart.
Card balances, chargebacks and the GL reconciled every day.
✓
Collect
Scheme clearing and settlement files, processor reports and bank statements, every day.
✓
Tie out
Settlement matched to clearing and bank, per scheme and currency.
✓
Verify
Interchange income and scheme fees recalculated and compared.
✓
Book
Verified income and fees post to your ledger with the trail.
Scheme settlement reconciliation
Clearing against settlements and bank, every day.
Clearing file
Net settlement
Bank statement
Interchange verification
Income checked against qualification rules.
Clearing file
Interchange tables
Card programme
Scheme invoice verification
Invoices checked line by line against contract rates.
Scheme invoice
Contract rates
Clearing volumes
Most relevant domains
Merchant Acquirers
Margin between interchange and MDR.
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PSPs & PayFacs
Many acquirers, methods and merchants.
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E-Money Institutions & Wallets
Client funds and safeguarding, daily.
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Carrier Billing & Alternative Payments
Operators, countries and revenue shares.
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Banks
Card and payment operations, audit-ready.
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