Daily reports for card payment: Financial settlement & reconciliation

To assist partners with settlement and reconciliation, Cross River provides consolidated daily reports of payment transaction and chargeback activity.

In finance and accounting, financial settlement and reconciliation reporting are essential. Reporting involves verifying and balancing financial transactions. This ensures control, accuracy, and transparency in financial records.

Use daily reports to:

• Track the flow of money in and out of a business

• Identify any errors or discrepancies in financial records

• Prepare financial statements

• Comply with regulatory requirements

• Stay on top of chargeback status

Benefits

• Address potential risks

• Optimize cash flows

• Make strategic decisions in a timely way based on the organization’s current financial position.

Daily report types

• Settlements (detailed)

• Settlements (summary)

• Exceptions

• Chargebacks