Gaps between client balances and safeguarding accounts.
Client balances and safeguarding accounts reconciled before cut-off.
Top-ups, withdrawals and transfers across banks and partners.
Top-ups, withdrawals and transfers followed across banks and partners.
Daily reconciliation done in spreadsheets, with no trail behind it.
Every daily reconciliation stored with its trail for audit and supervision.
✓
Collect
Client ledger, safeguarding accounts and partner balances every day.
✓
Reconcile
Internal and external safeguarding reconciliations before cut-off.
✓
Flag
Shortfalls and excesses flagged with their cause.
✓
Prove
The daily position stored with evidence for audit and supervision.
Safeguarding reconciliation
Client funds against safeguarding, daily.
Client ledger
Safeguarding account
Partner balances
Bank reconciliation
Every account matched to the ledger.
Bank statement
Ledger
Open items
Partner settlement reconciliation
Funds held by partners tied out.
Partner report
Ledger
Bank statement
Most relevant domains
Card Issuers
Scheme settlement, interchange income and fees.
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Merchant Acquirers
Margin between interchange and MDR.
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PSPs & PayFacs
Many acquirers, methods and merchants.
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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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