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TRACE - Reconciliation

The MAXIMUS TRACE system offers total automation of the transaction reconciliation process for daily balancing of ATM and POS transactions. It imports transaction logs from various terminals, payment networks, switches, and cash management systems. TRACE then processes these logs to identify discrepancies and produce reconciliation reports. This helps banks easily reconcile on-us and off-us transactions for settlement with other banks. TRACE generates various reports to track transaction status, cash balances, suspect transactions, and more for auditing purposes.

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Atendra Shrestha
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84 views2 pages

TRACE - Reconciliation

The MAXIMUS TRACE system offers total automation of the transaction reconciliation process for daily balancing of ATM and POS transactions. It imports transaction logs from various terminals, payment networks, switches, and cash management systems. TRACE then processes these logs to identify discrepancies and produce reconciliation reports. This helps banks easily reconcile on-us and off-us transactions for settlement with other banks. TRACE generates various reports to track transaction status, cash balances, suspect transactions, and more for auditing purposes.

Uploaded by

Atendra Shrestha
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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MONITORING

TRACE
TRANSACTION RECONCILIATION Enhancing Efciency

The MAXIMUS TRACE system offers total automa on of reconcilia on Following data is used in the ATM transac on reconcilia on process.
MAXIMUS
M365
process for daily balancing of transac ons effected through ATM and EJ Logs:
POS networks based on transac on logs collected from different Electronic Journal (EJ) log is generated on each ATM by the ATM
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systems. Files received from payment networks such as RuPay, Visa and so ware. This is an important input for the reconcilia on process.
MasterCard are also part of the system input. On impor ng the required Where the bank has so opted, EJ logs from all the ATMs can be pulled
transac on logs generated by various terminals and other systems daily in auto-scheduled or manual mode by the MAXIMUS
involved, TRACE processes the transac on logs to produce INFOXCHANGE applica on.
reconcilia on reports greatly simplifying the se lement process.
Switch Logs:
TRACE assists a bank to easily reconcile daily on-us (bank's own EFT Switch provides the Transac on Log File (TLF) at the cut-off me,
customers) and off-us (other bank customers) transac ons. Its generally 9:00 pm daily. This file is another input for reconcilia on.
sophis cated reconcilia on algorithm and file management module
work together to import, archive and compare all related logs to provide
a wide variety of reports that can be used by the bank for se lement GL Logs:
with other banks. General Ledger (GL) is extracted from the CBS at cut-off me, generally
12:00 midnight on all working days.
The TRACE system checks all transac ons done during a certain me
period to iden fy discrepancies like shortage or excess credits. The NPCI/Visa/MasterCard Logs:
reconcilia on process generates TTUM and other reports on a periodic Logs generated from different payment networks are part of the input
basis which allows the bank to carry out se lement for shortage or data for TRACE.
excess credits observed. Further, it saves the en re transac on
ATHMA
comparison process for future audi ng purposes. CBR Data:
MANAGECALL
INFOXCHANGE Cash reconcilia on at ATM is performed by the Cash Replenishment
FORECASH Agency (CRA) and Cash Balance Report is produced. The CBR is also
OVERSITE uploaded into the reconcilia on system as an input. .
TRACE

committed to building a frictionless transaction ecosystem


TRACE creates a number of reports such as:
§ Daily On-Us Transac on Status SCHEMATIC OF TRACE
§ Daily Off-Us Transac on Status
§ ATM Cash Balancing
§ TTUM
§ Suspect Transac on
§ Cash Dispense Summary
§ EJ Excep on
§ Last Reconcilia on Status
§ Customer wise Transac on
§ Daily Consolidate CBR
§ Hanging Transac ons
§ Hanging Transac ons Summary
§ Hanging Transac ons Category-wise MAXIMUS TRACE

§ Force Match Transac ons

FEATURES
§ Support for 2-way, 3-way and 4-way reconcilia on
§ Built-in scheduler for data/file collec on with
support for FTP, SFTP, FTPS and other file transfer
modes
§ Automa c determina on of me window for
carrying out reconcilia on
§ Covers on-us and off-us transac ons
§ Considers ATM dispense counters for cash
overages/shortages
§ S u s p e c t t ra n s a c o n s , T T U M a n d o t h e r
transac ons part of reconcilia on
§ Produces different statutory, regulatory, audit
and business related reports

MAXIMUS INFOWARE (INDIA) PVT. LTD.

MAXIMUS
I I
4th Floor, Balaji Infotech Park, Road No.16A,
Wagle Industrial Estate, Thane West – 400604
Maharashtra, India
Enhancing Efciency [email protected] | www.maximusinfoware.in

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