Full control of payment (credit and debit) transaction clearing
The Double Check platform simplifies and optimizes the transaction clearing process, providing more effective financial management for your revenues.
Better financial management for your company
Have full control over the transaction clearings of your payment method business, allowing you to monitor every step of the way - from the initial entry to the completion of the transaction. Every detail is carefully recorded and analyzed to help provide a comprehensive view of how your revenue from card trasactions is generated.
Validation of the settlement schedule for national transactions with Núclea (formely CIP) and international transactions (with a settlement bank abroad chosen by the Issuer)
Viewing payment schedules by competence and/or cash flow
Reconciliation of transactions in brand clearing files with records of approved authorizations and transactions that were processed in the product system
Automatic distribution of transaction revenues according to the Issuer’s business model
Automatic processing of original card scheme files, in compliance with compliance and audit requirements
Stock of installment transactions and portfolio risk exposure of installments falling due
How it works?
Double Check gets a permission logo with the authorized transactions, account debit movements and the brand clearing files. Then, it cross-references all this information and points out discrepancies to be handled.
With such clear view, your backoffice team will be able to record the actions taken to resolve differences, completing the conciliation process
Simultaneously, upon getting the brand compensation, Double Check sets up the entire schedule of planned and confirmed settlements, pointing out eventual discrepancies between values.
Upon receiving the interface from Nuclea (formerly CIP) containing the completed settlement, the platform matches the settlement previously confirmed by the brand
Why have Double Check?
Elimination of manual processing of files and transaction databases
Consolidated information with analytical support
Complete view of the transaction cycle
Structured management of business exposure risk
Increased efficiency of financial analysis
Strict control of all stages of transaction processing
Can be used to reconcile other operations and systems
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