SPARK Clearing & Settlement

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Ensure financial integrity with automated reconciliation, settlement processing & transaction lifecycle control.

  • Automated financial reconciliation

    Automate multi-source transaction reconciliation across authorization systems, scheme clearing files, and core banking records to ensure accurate financial alignment.

  • Settlement processing and liquidity visibility

    Calculate and manage net settlement positions across banks and payment schemes, supporting efficient liquidity and treasury operations.

  • Regulatory and scheme compliance

    Ensure compliance with national clearing rules and international scheme settlement requirements, with automated generation of settlement files and reports.

SPARK Clearing & Settlement module acts as the financial integrity engine of the SPARK Issuing Suite, bridging the gap between real-time transaction authorization and financial accounting systems.

Banks process large volumes of transactions across multiple payment networks, systems, and settlement processes. Manual reconciliation and fragmented workflows increase operational risk and financial exposure.

  • Automate reconciliation across multiple transaction sources
  • Calculate settlement positions and manage liquidity flows
  • Monitor financial exceptions and unresolved transactions
  • Ensure accurate and compliant clearing and settlement processes

The standalone module automates complex reconciliation and settlement workflows across payment switches, card schemes, and core banking systems, ensuring accurate financial records, regulatory compliance, and efficient operational processing.

Automated N-Way Reconciliation

Intelligent matching engine that reconciles transaction data across authorization logs, scheme clearing files, and core banking systems, significantly reducing manual reconciliation tasks.

Settlement Processing & Scheme Compliance

Automated generation of scheme-compliant settlement files and calculation of net settlement positions for banks and payment networks.

Revenue & Commission Management

Calculate and verify interchange fees, merchant discount rates (MDR), and commission structures, ensuring accurate fee allocation and preventing revenue leakage.

End-to-End Dispute Workflow Integration

Manage dispute-related financial adjustments and automate scheme-standard dispute messaging while tracking response deadlines.

Automate reconciliation and strengthen financial integrity

Key benefits of SPARK Clearing & Settlement Module

  • Operational Risk Reduction

    Replace manual reconciliation processes with automated and auditable financial controls.

  • Regulatory Confidence

    Ensure accurate and timely submission of settlement files and compliance with clearing regulations.

  • Faster Financial Reconciliation

    Accelerate reconciliation cycles and improve visibility into settlement positions and liquidity flows.

Serving multiple payment stakeholders

Banks

Scalable payment solutions to run and modernize end-to-end payment journeys, adapted to local market requirements, while ensuring control, compliance, and scalability on a single platform.

Fintechs & Digital Banks

Modular, API-first payment software to build and launch payment solutions tailored to market-specific needs, accelerating innovation without sacrificing compliance.

Processors & Payment Services Providers

High-performance payment processing software to operate and scale market-ready payment infrastructures, compliant with local schemes, regulations, and high-volume environments.

Retailers

Secure and scalable payment software designed to support local and multi-market acceptance, enabling seamless payment experiences at scale.

Let’s talk

Book time with our experts to explore how SPARK can support automated clearing, reconciliation, and settlement operations.

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Discover how SPARK modules combine to deliver secure, intelligent, and scalable payment infrastructure.