Powering the Payment Ecosystem with Precision and Speed
In the fast-paced world of digital payments, accuracy and flexibility are paramount. Reconwizz offers a reconciliation engine that PSPs, Payment Gateways, and Acquirers can configure to verify complex settlement calculations, audit merchant payouts, and protect revenue.
Optimize Your OperationsNavigating a Multi-Party Maze
Processor & Acquirer Files
Reconciling your gateway transactions against complex, multi-format files from various acquiring banks and processors is a major operational bottleneck.
Settlement Logic Verification
Reconwizz can be configured to mirror your exact payout logic—deducting fees, commissions, and reserves—to ensure your internal calculations match reality before money moves.
Chargeback Identification
Quickly identify discrepancies between processor files and your internal records. Our system can be set up to flag potential chargebacks instantly for your operations team.
Complex Fee Structures
Verifying intricate fee calculations—interchange, scheme fees, processor markups—is vital for profitability but nearly impossible to do accurately at scale with manual methods.
Unify Your Data Sources
Achieve daily clarity on your funds. Reconwizz is a data-agnostic engine that automates the matching of your gateway transactions against any external data source you provide.
- Ingest files from any processor or bank in any format (CSV, XML, JSON, etc.).
- Configure the engine to verify complex fee structures exactly as they appear in your contracts.
- Reconcile transaction-level data to identify and resolve discrepancies instantly.
- Gain a clear, daily view of your net settlement position for better cash management.
Verify Settlement Calculations
Ensure your payout logic is flawless. Our system allows you to build custom reconciliation flows that validate your settlement data before you release funds.
- Custom Math Logic: Configure the system to replicate your fee, commission, and rolling reserve formulas for independent verification.
- Data Preparation: Automatically aggregate and format reconciled data, readying it for your payout systems.
- Transparency: Generate granular reports based on your specific data points to support merchant queries.
- Balance Tracking: Configure the engine to track and reconcile internal ledger balances against bank movements.
Your Questions Answered
Yes. Reconwizz is a highly flexible reconciliation engine. You can configure it to ingest your transaction data and apply your specific business logic—such as deducting fees, commissions, and rolling reserves. This allows the system to independently calculate what should be paid out, providing a perfect audit trail before you execute the payment.
Yes, absolutely. Our platform is designed to be data-agnostic. We can ingest and normalize settlement and transaction files in any format (like CSV, XML, BAI2, etc.) from any number of different processors and acquiring partners, creating a single, unified view for reconciliation.
Absolutely. Because Reconwizz is fully customizable, we can build rules to verify intricate interchange and scheme fee calculations on a per-transaction basis. Regarding chargebacks, the system can be customized to instantly match incoming chargeback files against original transactions, alerting your team to discrepancies immediately.