The Catalyst for Transforming Payment Reconciliation
The Reconciliation Challenge! Managing transaction reconciliation poses significant challenges for banks and financial institutions. The complexity arises due to the evolving payment landscape and diverse data sources. From traditional transfers to modern mobile payments, the sheer volume and variety make reconciliation challenging. Advanced solutions are essential to navigate this complexity effectively.
EPS’s Payment Reconciliation Management System is a comprehensive solution designed to streamline and automate the reconciliation process for the Bank. This solution addresses the need for a robust and scalable reconciliation platform that can handle a high volume of transactions daily, ensuring accurate and timely reconciliation across various digital banking channels and products. From traditional transfers to the latest mobile marvels, we've got you covered.
Supports All Payment Mode Transactions
Some of the salient features of our payment reconciliation solution are:
ATM
.
UPI
Unified Payments Interface
IMPS
Immediate Payment Service
BBPS
Bharat Bill Payment System
NEFT
National Electronic Funds Transfer
RTGS
Real-Time Gross Settlement
NACH
National Automated Clearing House
AEPS
Aadhaar Enabled Payment System
Debit & Credit Cards
Visa/Mastercard/Rupay
E-Wallets
.
Advanced System Capabilities
Multi-File ( Any-To-Any) Reconciliation
Supports a wide range of matching scenarios, including simple, multi-level, one-to-one, many-to-many, many-to-one, one-to-many, and mutli-way, multi-level and conditional-based matching.
Dynamic Dashboard
Provide real-time insights into reconciliation activities.
Exception Handling
Automate exception handling and dispute management.
Dispute and Chargeback Management
Efficiently manages disputes across all channels, while supporting UDIR, ODR, and charge-back management.
Automated Force Match
Automatically match transactions with discrepancies using predefined rules.
Other Key Capabilities
API Integration
Capabilities including API-based SFTP folder pick-up and direct integration with switch and CBS.
Security and Compliance
Adheres to OWASP Top 10 standards and undergo rigorous security audits.
Governance and Visibility
Ensures process visibility with aging of unreconciled items, risk indicators, and custom reporting.
API Integration
Capabilities including API-based SFTP folder pick-up and direct integration with switch and CBS.
Security and Compliance
Adheres to OWASP Top 10 standards and undergo rigorous security audits.
Security and Compliance
Adheres to OWASP Top 10 standards and undergo rigorous security audits.
Governance and Visibility
Ensures process visibility with aging of unreconciled items, risk indicators, and custom reporting.
Robust Technical Support
Extends benefit of prompt 24/7 technical support.
Why EPS?
Lower Cost of Ownership
Our Reconciliation as a Service model eliminates the need for large capital investments, resulting in cost savings of 30%-40%.
Accurate and Timely Reconciliation
Our system ensures accurate and timely reconciliation across various digital banking channels and products, reducing the risk of errors and discrepancies.
Improved Transparency and Visibility
The interactive dashboards and notifications provide real-time visibility into reconciliation status, exceptions, and aging summaries, enabling the Bank to monitor and track reconciliation activities more effectively.
