How to Make Merchant Processing Reconciliation Optimal

20 Oct 2020
Company
Date submitted
20 Oct 2020
Resource type
Best practice
File type
pdf PDF file (144.11K)
There are always multiple platforms and processing systems– both internal and external – involved in the processing of payments: an internal ERP or core order entry system, a merchant gateway, files being passed form the merchant to the bank, and, of course, from the bank back to the general ledger - lots of possible failure points. A reconciliation platform provides the glue to ensure, not necessarily that the payments are actually being processed, but that they are being done so correctly.
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