Clearing, Settlement and Reconciliation
What happens in the back office of any payment processing operation is equally as important as the customer-facing transaction. Behind the scenes, there is significant potential for delays and costly mistakes if payments are not processed efficiently and seamlessly. For many institutions, this tedious process is made more difficult by the diverse types of payments they handle and complicated by reliance on disparate systems.
Vedas payment solutions incorporate best-in-class components for achieving smooth end-to-end processing, with a focus on alleviating the bottlenecks and pain points associated with the clearing, settlement and reconciliation process workflows. Whether it’s balancing ATM transactions, using centralized clearing systems, identifying failed transactions, exception handling or any other aspect of finalizing payments and accounting, we have a solution to help you eliminate costs from the back office and improve the accuracy of your operations.