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Amadeus Bank Settlement Reconciliation

Amadeus Bank Settlement Reconciliation

The Amadeus Reconciliation product is used in the context of monitoring the settlement on the Merchant Acquirer Bank account in comparison with the sales of the merchant and the captured items. The product aims at spotting any discrepancy that can occur from the sale to the settlement process.
 
Key benefits
  • Identify the items holding a discrepancy to reduce revenue leakage.
  • Automate the reconciliation process and eases the recovery actions often treated manually on the Airline Back Office System.
  • Provide a global reconciliation solution: for any form of payment or channel.
  • Guarantee that all agreements and contracts signed with credit card companies and banks are being correctly controlled.
  • Reconciliation solution customized to the travel industry (2 steps matching process, reconciliation at ticket level).
Main features
  • Provide a single repository for the reconciled information and the card acceptance information: a fully integrated solution in Amadeus Systems.
  • Monitor unmatched Items but raise alerts on them in an efficient manner, only when system confirms that item will never be matched.
  • Reconciliation at each step of the payment flow: from sales to capture to settlement.
  • Reconciliation at the ticket level.
  • Omni channel solution, available for direct and indirect channels.
  • Complies with domestic and international card rules and regulations (PCI-DSS).
  • Supports multi-currency and multi-country requirements.
  • Accurate forecast of account receivables.