Many of the Banks does the clearing match-off manually and considerable time has been taken on deciding the chargeback requests to be processed. A system which will basically does the reconciliation between Online Authorization transactions and Clearing system submitted transactions and apply all the chargeback rules then finally mark whether transactions can be applicable for chargeback if not then transaction needs to be analyzed whether it was updated in the Negative Bulletin.

Handles Merchant reconciliation after submitting / settling all the sale transactions originated from the merchant store and generates credit Pay out file to be posted to the account. System has capability of handling all back office operation and customer disputes.