Product Overview

FSS Smart Recon is a highly configurable platform that automates the whole reconciliation process, including administrative management, data integration, transactional matching, exception management, and reporting.

FSS Smart Recon is a high-volume record matching solution that covers a wide range of payment classes and comes with the ability to quickly onboard new reconciliation procedures for different payment channels and scheme-based payments. Complete visibility into transaction records across payment systems, as well as automatic exception detection, minimizes administrative expenses by saving time and money on audits, while also reducing risk and improving customer satisfaction.

 The PCI Security and Standards Council has certified the FSS Reconciliation solution for PADSS 3.2. The RECON System will provide robust audit trails to track any modifications made to tables, parameters, or rules.

Success Stories-SMART RECON

Multinational bank in India case study

Our client is the fifth-biggest bank in terms of assets and the largest private multinational bank in India in terms of market capitalization. In India, the bank maintains a network of 4,787 branches and 12,635 ATMs. The bank's FSS Smart Recon reconciles 3 million ATM and 1 million POS transactions every day. For business advancements, FSS Smart Recon was extended to handle new payment classes such as IMPS (Immediate Payment Service) Reconciliation, Micro ATM Reconciliation, and Domestic Interchange support.


Largest public sector bank in India case study

Our client, India's largest public sector bank, has implemented FSS Smart Recon as an end-to-end reconciliation solution for its 424.2 million debit cards. FSS assisted the bank in successfully calculating the interchange fees charged for each transaction. The system also checks the calculated fees against the interchange charge. The process found that the bank was paying an extra $57,360 per year, resulting in a direct savings to the bank's bottom line.

Commercial Bank in the UAE case study

Our customer is a full-service commercial bank in the UAE. The company needed a solution to automate the manually intensive ATM Cash Tally process. FSS ATM Cash Tally provided the perfect match for the bank’s Cash Tally needs, by handling Switch, EJ, CBS and CRA data. The system supports: