Finance Module
The days of crunching numbers are over.
RECONCILIATION
Quickly identify and action gaps or anomalies in the data.
PayTic’s Reconciliation engine ingests processing reports, scheme reports, and core banking data to enable a three-dimensional view of settlement operations, program ledgers, and cardholder balances. Any gaps or anomalies in the numbers can quickly be identified and actioned. In addition, users can access daily settlement activity and drill down into any T140 file to see details such as Settlement Amount, Interchange Amount, Scheme Fees, Chargeback Amounts, and any gaps in funding.
TREASURY CONTROL
View and link daily program spending limits to available collateral funds in real-time.
Provisional settlement collaterals are unrealistically high, mainly because the funds that sit in reserve are calculated offline and not reviewed often. This feature allows program managers to view and link the daily program spending limits to the available collateral funds in near real-time. Authorized users can set dynamic thresholds to receive notification alerts, action automated transfers, and suspend a card program if necessary.
SCHEME FEES
Demystify the monthly invoice.
Card Network fees and invoices can feel like a maze! Our Scheme Fees feature intakes fee reports from the card scheme and describes each fee item in plain words. We then analyze them for applicability to your Program. If we identify any anomalies or fees that shouldn’t be there, you’ll see them highlighted for action and investigation directly with the card scheme from our portal. Also let our Fee Simulator show you how changes to your Card Program will impact cost!
INVOICING
Getting paid should be easy.
Easily set business rules to automatically calculate and split interchange, add passthrough fees, and include any customized charges. Invoicing data is automatically generated at the month’s end. Users can browse, edit/adjust the invoicing items, track revenue and look up historical invoices.
