Reconciliation, Settlement & Dispute Management System - StarRECON
StarRECON is a web based PADSS certified & PCI DSS compliant comprehensive 4-way Reconciliation, Settlement & Dispute Management System for retail banking transactions, which has paved way to mirror bank transactions from the bank's Switch / Host / ATM-EJ / Interchange / Tie-up Banks, for managing net payments & receipts.
CGS’ comprehensive multi-level reconciliation services efficiently manage reconciliation for all types of electronic payment transactions. Our services reduce time and cost in overcoming challenges in reconciliation and settlement with multiple network connections.
CGS’ proven skills and expertise have successfully delivered innovative, customized, cost-effective solutions for the retail banking segment.
StarRECON was awarded as the "Best Value Added Services Player" at the 9th Edition Payment Industry Awards 2021.
- Reconciles transaction initiated from any SST, Switch, CBS & Interchanges Viz VISA/MasterCard.
- 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.
- Support Automatic and Rule based Reconciliation.
- Data encryption using AES algorithm.
- National and International Remittance (EFT, Nostro, Vostro)
- Supports Digital Banking, Payment Gateway, Wallet, Bill Payments, Cheque Clearance transactions reconciliation.
- Customized Reports Generation.
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