ReconSS from EJADA is a high performance and comprehensive end to end application for ATM and POS Transactions Reconciliation and Settlement.
ReconSS handles Settlement, Reconciliation, Claims and Clearing & Chargeback processes across the ATM Electronic Journal, Bank ATM/POS Switch, Core Banking, SPAN/GCC, SPAN CPS and Visa/MasterCard/Amex transaction channels and card schemes.
Modular by design, it offers the customer the flexibility to adopt a phased or total implementation:
Transactions Reconciliation Engine: Performs multiple legs of matching transactions in the ATM/POS Switch with other channels (SAMA/SPAN, GCC and the Core Banking System)
Cash Reconciliation Engine: Processes transactions from the ATM Switch, ATM Electronic Journal and Core Banking-Cash GL to determine the Overage or Shortage of an ATM.
Claims and Dispute Management: Manages the processing of claims and exception cases that result from transaction exceptions and disputed transactions.
Merchant Management: Merchants Registration, Fees Management and Merchant Payments
Clearing and Chargeback Management: Compliant to international standards of VISA, MasterCard and AMEX handles both Acquiring and Issuing business models.
Batch and On-line Interfaces: Integration with Core Banking and GL Systems for posting of accounting entries, with CRM for Claim Inquiries and with Customer Master for customer and account information.
Reporting: 42 out of the box reports.