Why It Matters
- Payment ecosystems generate millions of micro-transactions.
- Teams struggle to track inflows/outflows across multiple providers.
- Dispute resolution requires quick access to reliable transaction data.
How It Works
- Unified Ledger: Recital consolidates transaction feeds from banks, PSPs, and switches into a single source of truth.
- Chargeback Workflow: Chargeback officers can investigate, validate, and respond to disputes directly in the platform.
- Anomaly Detection: Automated checks surface duplicates, missing entries, or abnormal patterns.
Example
| Transaction Type | Example Use |
|---|---|
| Payment inflow | Verify funds received match orders placed in ERP. |
| Refund/chargeback | Track disputes and responses, ensuring SLA compliance. |
| Switching transaction | Validate routing and settlement between PSP and bank. |
Outcome: Transparent monitoring of transactions, reduced dispute losses, and faster response times.