mastercard t464 acquiring atm transactions reconciliation manual
TRANSCRIPT
MASTERCARD T464 Acquiring ATM MASTERCARD T464 Acquiring ATM Transactions Reconciliation Manual Transactions Reconciliation Manual
By Charles ItsuokorBy Charles Itsuokor
MasterCardMasterCard
Reconciliation ManualReconciliation Manual
Table of Content Table of Content
• Downloading T464 MasterCard Transactions • Converting Downloaded T464 Files• Reconciling T464 with your CBA Extraction of Data• Investigation of Opening Items
Introduction Introduction
It’s important to validate your MasterCard ATM acquiring Transactions with your Net settlement figures as advised on the NSA file. It also very important to reconcile the ATM acquiring transactions with your Core Banking transactions for MasterCard
Introduction Introduction
There are several reconciliation tool in the market you can used . I recommend you used Corona 7.8 SmartStream Reconciliation Tool
However where an automated reconciliation tool is not available ,you can use your Mocrosoft excel
Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions
Log on to MasterCard connectType in you four digit password
Type in the six digit (from your Secure ID )
Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions
Ensure that the bar in the secure ID is full before typing in the secure code.
Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions
Click on sign in
Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions
The Screen below POP UP
Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions
Click on application
Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions
Click on MasterCard Data Exchange
Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions
Click on END Point 007113
Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions
Click on Download Files
Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions
Look for T464 files in the new Tab will come up ..
Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions
Right click on the T464
Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions
Click on the save link as…..
Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions
Click on the save link as…..
Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions
Navigate location where you want to drop files
Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions
On the location and click on save
Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions
Always monitor the progress of the download as shown below
Ensure the file is complete downloaded
Converting Downloaded T464 FileConverting Downloaded T464 File
• There are so many converter used in converting MasterCard T464 files to a readable format (Excel)
• I recommend VOFILS T464 Converts to converting T464 Files in to excel
Converting Downloaded T464 FileConverting Downloaded T464 File
• There are so many converter used in converting MasterCard T464 files to a readable format (Excel)
• I recommend VOFILS T464 Converts to converting T464 Files in to excel
Converting Downloaded T464 FileConverting Downloaded T464 File
• There are so many converter tools used in converting MasterCard T464 files to a readable format (Excel)
• I recommend VOFILS T464 Converter
Converting Downloaded T464 FileConverting Downloaded T464 File
• Open the Converter
Converting Downloaded T464 FileConverting Downloaded T464 File
• Go to the Mastercard Settlement (Sheet)• Click on covert • Navigate to the location where the file you want to
convert is located
Converting Downloaded T464 FileConverting Downloaded T464 File
• Click on open
Converting Downloaded T464 FileConverting Downloaded T464 File
The converter will show the number of record imported. click OK
Converting Downloaded T464 FileConverting Downloaded T464 File
After about 3 min the file will be converted into excel The converter files contain Local and international
transactions Go to MASTERCARD NGN ACQUIRER (Sheet) of all
Transactions done on your ATM (OMTC)OMTC :- Our Machine There Card
Converting Downloaded T464 FileConverting Downloaded T464 File
Copy the files to a new Excel work sheet Name the files and Save Close the converter
Reconciling T464 with your CBAReconciling T464 with your CBA
• Bring your core Banking transactions for mastercard acquiring (CBA data) and the Converted T464 together in a reconciliation work sheet
• Ensure that the two data are aligned
Reconciling T464 with your CBAReconciling T464 with your CBA
Before aligning the two set of data Ensure that a data integrity test is done on your CBA data
to verify the completeness of the CBA data
Ensure that a validation test in done on the Mastercard ATM acquiring data to verify the correctness of the settlement figure
Reconciling T464 with your CBAReconciling T464 with your CBA
Formula for data integrity test is giving below Opening Balance + Sum of Downloaded CBA Transactions
= closing Balance
Reconciling T464 with your CBAReconciling T464 with your CBA
Please note the following data alignment (This relate to users using Flexcube as there core banking application )
Reconciling T464 with your CBAReconciling T464 with your CBA
Once you have finish re_ arranging the two data (CBA and the Mastercard ATM acquiring data)
Sort by the UNIQUE Matching criterial column. RRN Colum
Reconciling T464 with your CBAReconciling T464 with your CBA
Reconciling T464 with your CBAReconciling T464 with your CBA
Match off your transactions
Investigation of Opening ItemsInvestigation of Opening Items
Open items or orphans are transactions that did not match off . Transactions with out a corresponding pairs either on the CBA or on the MasterCard Acquiring side.
Investigation of Opening ItemsInvestigation of Opening Items
• We have two broad types of open items• CBA Orphan :- Transactions in your CBA not in
MasterCard Acquiring • MasterCard Acquiring Orphan :- Transactions in
MasterCard Acquiring not in CBA
Investigation of Opening ItemsInvestigation of Opening Items
S/N Category of Exceptions What to Do 1 CBA Orphan
I.Self-Matched in CBA II.Failed Transaction that impacted III.Outstanding transactions due to time
1. Check Status of Transaction in the E-Journal or Postilion
2. Check status in raw T464 files3. Check if transactions is a local
transactions settled in USD4. Laisse with the Switch
2 MasterCard Acquiring OrphanI.Self-Matched in T464 II.Reverse Transactions (EREC)
1. Check if transactions in an EREC2. Check Status of Transaction in the E-
Journal or Postilion
Thank you