Products

Reconciliation, Settlement & Dispute Management System - StarRECON

StarRECON is a robust, web-based, automated Reconciliation, Settlement and Dispute Management System to simplify and control the complex activity of payments and settlements.

StarRECON is designed to support any financial transaction ecosystem, making it suitable for Banks, FinTechs, Telecom Operators, Payment Service Providers, Wallets, Aggregators, Switches, and Government-backed payment infrastructures.

It delivers automated, AI rule-based, end-to-end N-Way reconciliation across diverse transaction environments including banking, digital payments, mobile money, cards, telecom billing, and multi-channel financial platforms.

StarRECON was awarded as the "Best Value Added Services Player" at the 9th Edition Payment Industry Awards 2021.

payment-industry-logo

VIEW CERTIFICATE

It provides end-to-end N-Way or 4/3/2 way reconciliation by mirroring transactions from the Bank’s Switch, Host/Core Banking system, ATM/POS (EJ/Logs), Interchanges and tie-up banks, ensuring transaction completeness and accurate account balances.

StarRECON mirrors and validates transactions from multiple sources—such as Core Banking Systems, Switches, Payment Gateways, Wallet Platforms, Billing Systems, Interchanges, Partner Institutions, and External Networks—to ensure transaction completeness, financial accuracy, faster dispute resolution, and regulatory confidence.



EFT Switch Architecture

How StarRECON Works?

Here is the general workflow that explains how StarRECON works, from data integration to reconciliation and reporting.

  • Integrated and configured with existing banking systems and payment touchpoints to collect transaction data.
  • Extract and upload data from multiple sources into a common format.
  • Matches transactions using AI rule-based to accurately identify matches and exceptions.
  • Reconciles transactions in real time and displays progress through profile-based and entity based transaction wise dashboards.
  • Handles settlements, chargebacks, and disputes by tracking transaction status and resolving exceptions.
  • Provides clear reports and insights to help teams quickly identify and resolve discrepancies, while enabling users to create and generate customized reports based on requirements.

Automated payment reconciliation uses technology to automatically match transactions with related accounting records using predefined rules and integrated data sources. The system identifies matches, flags mismatches, and updates records automatically.

This approach reduces manual effort, improves accuracy, and keeps financial records up to date, making it well suited for high-volume banking environments while ensuring secure and compliant operations.

Why Choose StarRECON ?

Selecting the right reconciliation platform plays a key role in managing secure and high-volume payment transactions. CGS’ StarRECON provides a reliable, scalable, and future-ready solution. Here’s what makes StarRECON the preferred choice for financial institutions.

Automated & AI Rule-Based Reconciliation

Automates the reconciliation process with rule-based AI, reducing manual effort, false exceptions and improving accuracy.

High-Precision Matching

StarRECON delivers high-precision matching through intelligent exception rules that reduce false positives by 70-85% and near real-time processing with minute-level latency.

Built for High Volumes

Designed to scale easily, allowing institutions to handle growing transaction with high volumes and integrate new processors without disruption.

Strong Encryption, Trusted Security

Protects sensitive transaction data through the AES encryption, ensuring secure and compliant operations.

Operational Excellence at Reduced Cost

Reduces reconciliation time and operational costs by simplifying complex processes and minimizing manual intervention.

Reporting Made Flexible

Enables generation of customized reports to meet operational, audit, and business requirements in multiple formats like Excel, PDF, CSV, and JSON.

Secure & Complaince

With PCI S3 Certified and PCI compliance, TLS 1.3 encryption and Advanced Audit Logging, StarRECON ensures strong protection for transactions and customer data. It delivers automatic and AI rule-based reconciliation, helping institutions reduce manual effort and improve accuracy across reconciliation, settlement, and dispute processes.


Faster Reconciliation

Powered by .NET 8 LTS, StarRECON delivers 40–60% performance improvements, enabling faster reconciliation cycles. Its enhanced integration framework with REST/gRPC API support and parallel file processing significantly reduces processing time and manual intervention.


Automated Data Collection

Fully automates data collection from any payment solution provider’s platform within minutes, eliminating manual file handling.


Multi-Format Data Support

Supports multiple transaction formats, including XML, ISO 8583, ISO 20022, Web Services, and direct Database integration.


Seamless Integration

Designed for quick and seamless integration with any Core Banking System (CBS) and endpoints, StarRECON fits easily into existing payment environments. It supports multiple domestic and international payment networks as well as national networks


Advanced Robotic Process Automation (RPA)

Powered by Advanced Robotic Process Automation (RPA) which eliminates manual intervention and enables continuous, event-driven reconciliation operations. Advanced RPA in StarRECON represents complete automation in one place, covering data intake, validation, reconciliation, exception handling, reporting, and audit tracking.


Enterprise-Scale Matching Performance

Capable of processing high transaction volumes of over 40 million while efficiently managing complex matching scenarios, including one-to-one, one-to-many, and many-to-many.


Reporting, Analytics & Business Insights

StarRECON provides integrated reporting and business insights as a natural outcome of the reconciliation process, without requiring separate tools or manual consolidation.
Bank Reconciliation

Our Reconciliation Services Include

StarRECON is an enterprise-grade reconciliation platform designed to address a wide range of reconciliation scenarios across banking, payments, and financial ecosystems.


Payment Reconciliation
  • Reconciliation of multiple payment APIs against Internal ERP/Accounting systems
  • GL & Nodal Account Settlement Reconciliation
  • Payment Gateway, Wallet & Aggregator Reconciliation
  • Merchant Settlement & Chargeback Reconciliation

Bank Reconciliation
  • ATM / POS Transaction Reconciliation (N-way / 4-way / 3-way / 2-way)
  • NEFT, RTGS, IMPS, UPI, BBPS Transaction Reconciliation
  • Nostro / Vostro Account Reconciliation
  • Inter-Bank and Switch-Level Reconciliation

Card Scheme & Network Reconciliation
  • VISA / Mastercard / AMEX / RuPay / CUP Interchange Reconciliation
  • Scheme Fee and Penalty Reconciliation
  • Chargeback, Representment & Arbitration Tracking
  • Debit, Credit & Prepaid Card Reconciliation

Account Reconciliation
  • Inter-Company and Intra-Bank Ledger Reconciliation
  • GL vs Sub-Ledger Reconciliation
  • Marketplace vs Logistics / Fulfillment Reconciliation

Treasury & Cash Reconciliation
  • ATM Cash Tally using EJ, CBS, Switch, and Cash Balance Records
  • Cash Load, Cash Count, and Recycler Reconciliation
  • Nostro Cash Position and Settlement Tracking

Dispute & Exception Management
  • End-to-End Dispute Lifecycle Management
  • Automated Exception Identification and Routing
  • SLA-based Escalation and Resolution Tracking

Tax & Regulatory Reconciliation
  • Tax Authority vs Internal Books Reconciliation
  • GST (GSTR-2A/3B/4A), Withholding Tax, and Statutory Reconciliations
  • Regulatory and Central Bank Reporting Reconciliations


End to End N-Way Reconciliation
PCI S3 Certified & PCI DSS Compliance
Automatic & Rule based Reconciliation
Dynamic Reporting Tool

Product Highlights

  • Reconciles transaction initiated from any SST, Switch, CBS, UPI, RTGS, NEFT, IMPS, BBPS, AePS, NACH, ETC (Toll Collection), Loan Collection & Disbursement Recon, GL Recon and Interchanges Viz VISA/MasterCard etc.
  • Supports International Networks such as VISA, MasterCard, UnionPay International, JCB, Amex, SCT, PULSE etc.
  • Support National Payment Network like Rupay (India), EthSwitch (Ethiopia), Interswitch (Uganda), GhiPSS (Ghana), LankaPay (Sri Lanka), National Payment Switch in Bangladesh (NPSB), Neps (Nepal), ARTAJASA & PRIMA in Indonesia, LAPS (Laos), etc.
  • Supports Digital Banking, Payment Gateway, Wallet, Bill Payments, Cheque Clearance Transactions Reconciliation.
  • National and International Remittance (EFT, Nostro, Vostro).
  • Enables secure access to essential system processes using published APIs.
  • Customized Reports Generation.
    • StarRECON’s flexible architecture ensures continuous compatibility with evolving payment ecosystems, making it a future-ready platform for financial institutions across regions and industries.

FREQUENTLY ASKED QUESTIONS (FAQ)

  • ANSWER

    • StarRECON is a comprehensive, web-based Reconciliation, Settlement, and Dispute Management System designed for financial institutions to manage and control end-to-end payment reconciliation across multiple channels and networks.

  • ANSWER

    • StarRECON integrates seamlessly with banking systems to automate data ingestion and uses rule-based AI to accurately match transactions. It monitors reconciliation in real time, supports settlements and dispute handling, and delivers actionable reports for quick resolution.

  • ANSWER

    • StarRECON integrates with EFT switches, CBS/Host systems, ATM EJ & POS logs, interchanges, GL systems, and bank statements. It supports formats such as XML, ISO 8583, ISO 20022, web services, and direct database integration.

  • ANSWER

    StarRECON is designed to handle a wide range of transaction types, including :


    • ATM, POS, and Card transactions (Debit, Credit, and Prepaid).
    • Digital and Bank transfers such as UPI, IMPS, NEFT, RTGS, BBPS, and AePS.
    • Wallets and Payment Gateway transactions.
    • Toll Payments, Loan transactions, and Nostro/Vostro settlements.

  • ANSWER

    • Yes. StarRECON includes a built-in dispute management layer for handling chargebacks, reversals, adjustments, and claims. It provides end-to-end transaction visibility to support faster and accurate dispute resolution.

  • ANSWER

    • StarRECON ensures data accuracy through automated, rule-based reconciliation with built-in validations that process transactions only when all required data is available.
    • Intelligent matching, parallel processing, and real-time exception tracking minimize errors and ensure consistent, reliable reconciliation results.
    • StarRECON protects data integrity and accuracy through AES encryption, secure user authentication, and application security measures.

  • ANSWER

    • With the ability to handle over 700 files and more than 40 million transactions in only 22.15 minutes, StarRECON sets a benchmark for high-performance transaction processing.
    • PCI-certified platform with automated, rule-based reconciliation designed to handle high transaction volumes securely and accurately.
    • Integrated settlement and dispute management with customized reporting and seamless support for global payment networks.
    • Backed by over 35 years of CashLink banking experience, ensuring reliability, scalability, and industry best practices.

  • ANSWER

    • CashLink (CGS) provides comprehensive support which includes end-to-end assistance with system setup, integration, testing, and go-live support. Post-deployment, we offers continuous maintenance, performance optimization, and feature enhancements to ensure the system remains up-to-date, reliable, and efficient.

CONNECT WITH US

Write to us here for Demo & Product Brochures !

CONNECT
Ask our AI Powered Chatbot CashLink Connect for Help !
Chatbot
Welcome to CashLink Connect!