Clearing and Settlement

Clearing and Settlement

Clearing & Settlement are an integral elements of the payment transaction cycle. BankWORKS® Clearing & Settlement solution is reliable, highly flexible, and scalable to your needs and can be used as stand-alone that can be easily plugged into your existing systems. It simply means that you can enhance your clearing and settlement performance without having to implement system changes. Our solution enables you to settle and reconcile transactions efficiently in any possible scenario. Card Schemes files sent by the schemes are being processed in the system Services Oriented Architecture Processing module that calculates all fees and charges including settlement and generating the cardholder billing. It is both a highly flexible and scalable solution that allows unlimited trading, settlement, and billing currencies. We provide you with the tools to automate time-consuming processes efficiently and cost-effectively.

  • Highly parameterised allowing customised configuration
  • All card schemes clearing formats are supported
  • Global compliance of Interchange rates
  • Increasing profitability