This functionality aims to provide a unified, single point-of-access to transaction and payment information across all payment channels deployed by a business. The reconciliation process is required to enable authorised employees to validate, audit and verify transactions reported and committed to backend account and policy management systems. In addition, the reconciliation system will enable missing or failed transactions to be traced, and when possible resubmitted to backend systems.
The Byte Money transaction platform combines multiple payment settlement methods into a unified, auditable payment stream. We provide the tools, knowledge and integration capabilities to enable the reconciliation and understanding of these payment streams in order to verify payments are allocated correctly to accounts with minimal human intervention and oversight Involved.