Today, BHMI launched the fourth video in a new Concourse EXPLAINED animated video series. This video explains how Concourse – Extended Settlement enables financial service companies to settle all electronic payment transactions on time, all the time.
By leveraging the continuous processing architecture and configurable rules engine in Concourse, companies can:
- Automatically load data from all transaction sources
- Spread processing throughout the day
- Speed up settlement cycles
- Align settlement plans based on individual client relationships
- Support different settlement windows throughout the day
- Operate in hub-spoke, point-to-point, or both
- Reference an unlimited number of accounts
- Split funds across multiple businesses based on relationships
- Easily define or modify settlement rules without changing code
- Move funds based on currency type
- Create settlement files for external entities and internal systems
- View real-time transaction and settlement activity
- See current net settlement positions
- Track suspended funds and evaluate exceptions
- Provide online summaries to clients
- Distribute accurate and timely reports
- Meet strict service level agreements
Watch Concourse – Extended Settlement Video
