Overview

Settlement tracks and maintains the real time financial state of all electronic transactions being ingested and completed by the payment system within the Common Services infrastructure. Settlement tracks inbound transaction totals and outbound transaction totals for work that comes into and goes out of Common Services including:
  • Incoming batches (ICLs) from external originators and bank branches that come into Transaction Server and adjustments to those batches (ICLs).
  • Outgoing on-us transactions from Transaction Server ICRE or outgoing transit transactions from Distribution

The benefit of Settlement is not only in tracking transactions, but in allowing the customer to know which transactions are not in a settled state (out of balance).

Settlement is installed in a Common Services infrastructure and provides:
  • A summary total for inbound accepted batches (ICLs) and outbound work
  • Totals for inbound batches (ICLs) by individual originators
  • Totals for outbound work that was sent or is waiting to be sent, for transit transactions by endpoint
  • Totals for outbound work that was sent or is waiting to be sent, for on-us work by endpoint
  • Pending totals for work that is expected to be sent, but has not yet been accounted for in the outbound transit or on-us work
  • A web based console user interface for administration and for querying and providing the Settlement total details

A Settlement console component installs into the Control Center. The console provides views of the data on the accumulators and their positions for Transaction Server and Distribution.