Pay+ Payment Gateway Reconciliation Software
Pay+, a reconciliation product by Cognizione, automates the entire lifecycle of payment gateway reconciliation. From transaction verification to settlement matching — Pay+ delivers total control under the RECONCILIARE platform.
It performs 3-way reconciliation for transactions, settlements, and commissions, ensuring unmatched financial accuracy and regulatory compliance.
Transaction Matching Module
The Transaction Matching Module of Pay+ automates transaction-by-transaction reconciliation on a daily basis. It ensures the completeness and correctness of transaction recording by both the merchant and the payment gateway.
Settlement Reconciliation
This module automates the matching of settlements due from the payment gateway with the actual bank credits in the settlement bank. Pay+ has a unique capability to compute the settlement due at the data input stage.
MSF / Commission Assurance
It's essential for merchants to ensure that the payment gateway charges commissions (MSF) according to the contracted rates. Pay+ helps automate this verification by comparing the actual commission charged with the agreed-upon rates.
Exchange Rate Assurance
For merchants dealing with multi-country and multi-currency sales and settlements, it's crucial to validate the exchange rates applied by the payment gateway against prevailing market rates. Pay+ automates the ‘Exchange Rate Assurance’ using PG settlement files, helping merchants avoid losses due to unfavorable currency conversions.
RECONCILIARE eliminates manual reconciliation by automating complex workflows — enabling accuracy, compliance, and peace of mind.
