Concourse – Extended Settlement is Helping Companies Meet Strict Settlement Windows for Electronic Payment Transactions

One of the most critical components of processing credit, debit, prepaid, and mobile transactions is the successful exchange of funds among all transaction participants. The settlement of electronic payment transactions must occur every day, for every transaction. During the last few years, the settlement process has become very complex because transaction volumes, transaction methods, and transaction participants have been increasing at a rapid pace. As a result, the settlement of all transaction types between all transaction participants is not an easy task. Especially since it is critical that the settlement process is 100% accurate and is completed within strict settlement windows.

BHMI is the creator of Concourse – Extended Settlement, a PCI (PA-DSS) compliant software solution that takes the risk out of settlement processing and funds movement. It is a rules-based, continuous processing solution that is helping companies:

bigstock_Hand_Holding_A_Credit_Card_Ove_6212747• Improve financial performance
• Reduce operational costs
• Easily adapt to change
• Improve customer loyalty

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About BHMI Blog

Baldwin Hackett & Meeks, Inc. (BHMI) is a specialist in creating primary software applications. BHMI not only provides premier software development services, but also a comprehensive set of consulting, design, engineering, and support services that can help shape the future direction of any company's application infrastructure. BHMI is also creator of the Concourse Financial Software Suite - a powerful PCI compliant back office software solution specifically designed to manage electronic payments including credit, debit, POS, ATM, mobile, and prepaid. With user-configurable business rules, an online transaction repository, and a continuous processing architecture, Concourse proactively assesses and allocates fees for all business relationships, settles and reconciles all transaction types, and automates the disputes management process.
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