The Concourse Financial Software Suite includes five software modules that perform a wide range of back office functions that are required to successfully process electronic payment transactions. This includes real-time access to transaction data, transaction research, settlement processing, funds movement, transaction matching, automated reconciliation, reporting, fee billing, chargebacks and disputes workflow management.
Concourse – Extended Settlement is a proven software solution that ensures the settlement and funds movement of electronic payment transactions such as credit card, debit card, ATM, POS, P2P, and mobile transactions. Its rules-based engine and continuous processing architecture combine to form one of the world’s most flexible, reliable, and cost-effective settlement processing solutions for electronic payments. * Define settlement rules without changing code * Move funds based on currency type * Support many different settlement distribution cycles * Spread back-office processing throughout the day * Create funds movement files such as ACH * Create accounting files such as General Ledger * Access real-time settlement activity * See current net settlement positions * Distribute accurate and timely reports
Concourse – Reconciliation is a real-time, rules-based software solution that streamlines the transaction matching and reconciliation process for electronic payment transactions such as credit card, debit card, ATM, POS and mobile transactions. It allows companies to view the current reconciliation status, net positions, suspense items, and specific reasons for any transaction data discrepancies. * Automatically load data from all transaction sources * Link data and create complete transaction life cycles * Reconcile transactions from two or more data sources * Configure transaction and balance equivalency checks * Define tolerance levels for equivalency checks * Perform transaction and balancing reconciliations * Verify reconciliation status in real-time * Access wide range of online and downloadable reports * Easily identify the reason for a discrepancy
Concourse–Fees & Commissions is a flexible, rules-based solution that allows financial service companies to quickly and easily configure and modify any type of fee, commission, or pricing structure for electronic payment transactions such as credit card, debit card, ATM, POS, and mobile transactions. This includes interchange fees, gateway fees, processing fees, service fees, recurring fees, commissions, and much more. The Concourse – Fees & Commissions module supports a wide range of pricing structures such as transaction-based, volume-based, percentage-based, threshold-based, flat, and tiered rate schedules. * Calculate any type of fee or commission * Leverage data from multiple transaction sources * Assess one or many fees or commissions per transaction * Implement a wide range of pricing structures * Easily configure and modify rate structures via the user interface * View real-time fee activity * Initiate trial runs to see the impact of new rate schedules * Establish unique fee schedules and billing cycles for clients * Provide online fee summaries and billing statements to clients
The Concourse – Disputes system manages the chargeback life cycle from initial claim entry to final resolution for both card issuers and acquirers. The system manages all aspects of the disputes management process for electronic payment transactions such as credit card, debit card, ATM, POS, mobile, and P2P transactions. This includes the creation and management of chargebacks, representments, arbitration, compliance, and other dispute-related activities.