SPARK CLEARING & SETTLEMENT

  • Regulatory Compliance & Liability Risk Mitigation

    Ensures full compliance with national switch rules and scheme dispute deadlines while reducing exposure to penalties.

  • Chargeback & Liability Loss Minimization

    Reduces avoidable chargeback losses and automatic liability transfers.

  • Revenue & Commission Engine

    Ensures accurate calculation, validation, and recovery of interchange and commission fees to eliminate leakage and safeguard profitability.

Banks and financial institutions face fragmented authorization, clearing, and core banking systems, complex reconciliation processes, and growing compliance pressure that increase operational risk, delay settlements, and drive up processing costs.

  • The Financial Integrity Engine

    The Clearing, Settlement & module is the financial integrity engine of the platform. It acts as the critical bridge between the real-time world of payment authorizations (Switch) and the accounting reality of the Core Banking System (CBS).

  • Automated N-Way Reconciliation

    Designed for high-volume financial institutions, this suite eliminates the operational chaos of manual reconciliation. It automates the complex "N-Way" matching of transactions across Switch logs, Scheme files, and Core Banking entries.

  • Beyond balancing the books, it provides a rigorous, legally compliant workflow for Dispute Management (Chargebacks), protecting the bank’s P&L against fraud liability and reducing the operational cost of claims processing.

  • By delivering end-to-end automation, transparency, and control across the entire clearing and settlement lifecycle, Spark transforms reconciliation from a reactive back-office burden into a strategic, risk-mitigating advantage.

Automated high-performance settlement, and reconciliation across the payment journey

  • Reduced operational risk

    Automation and reconciliation processes security to eliminate hidden suspensions, minimize errors, and significantly reduce financial losses.

  • Regulatory Compliance & Settlement Efficiency

    Delivery of timely settlement files and dispute documents to avoid clearing friction and financial penalties.

  • Faster time-to-cash

    Liquidity visibility improvement and merchant settlements acceleration through faster, automated reconciliation cycles.

National and International Clearing &
 Settlement 

Intelligent Financial Control Across National and International Payment Ecosystems

Operating across national and international payment schemes shouldn’t mean managing operational chaos. Spark Clearing & Settlement provides a unified, automated framework that brings control, compliance, and transparency to the entire post-authorization lifecycle.

  • Automating N-way reconciliation across switch logs, scheme files, and core banking systems
  • Ensuring compliant and timely generation of national (SIBTEL) and international settlement files
  • Embedding a structured, end-to-end dispute and chargeback workflow

Issuing Clearing & Settlement  

Full Financial Alignment from Authorization to Profit and Loss

When authorizations, scheme settlements, and accounting entries don’t align, profitability becomes unclear and financial control is compromised.

Our solution complete financial alignment across the issuer ecosystem:

  • Authorization-to-Settlement Reconciliation aligning switch authorizations with scheme settlement files and issuer accounting entries
  • Accurate Fee & Interchange Control with full visibility over balances, commissions, and scheme charges
  • End-to-End Financial Traceability from transaction approval to final posting

Acquiring Clearing & Settlement 

Accelerated Merchant Settlement & Acquiring Control

The solution streamlines acquiring-side settlement flows and merchant payments to ensure accuracy, reliability, and financial control. It:

  • Automates reconciliation between acquirer transactions, scheme settlements, and merchant accounts
  • Ensures accurate, timely, and transparent merchant settlements
  • Reduces operational discrepancies and manual intervention
  • Strengthens financial control, liquidity management, and operational efficiency

Switching/
Processing 
Reconciliation 

Turn transaction processing into a controlled, transparent, and revenue-secured operation.

The solution bridges real-time transaction processing with core accounting systems to eliminate reconciliation gaps and strengthen financial control. It:

  • Synchronizes transaction flows with accounting systems to ensure accurate reconciliation, settlement, and posting
  • Strengthens profitability and operational confidence by aligning transaction processing with financial reporting
Let's automate your clearing & settlement