Reno-Recon solution suite consists of the following solution components:
An end-to-end multi-way reconciliation system which supports multiple payment service reconciliations simultaneously in an Active-Active data center configuration.
Supports multiple clearing messages for each payment service and time cycles.
Billing and charges
Provision for slab, percentage and mixed billing. One time and recurrent billing information in the desired format. Configuration of merchant discount rates in fixed and percentage basis.
Identification and matching of the correct interchange rule for each transaction
- Detailed analysis of the interchange rule applied till last mile.
- Modification of interchange charges.
- Audit of interchange charges.
- Rule base application of any transaction parameter in identification of correct interchange++ rule.
Offline transaction support
ISO8583 and JSON based libraries capable of handling both offline payment transactions and online payment transactions.
Chargeback cycle configuration and rule based chargeback automation.
A reduction in manual errors and the time spent on processing exceptions
Combination of distributed back office processing and centralized reporting and monitoring
Firms can identify problems efficiently: Making it possible to reduce risk significantly and exercise greater control over operations