Clearing the way for better transactions
At Iliad Solutions, we understand the importance of clearing to both the bottom line and regulatory compliance. That’s why t3 features tools which enable financial institutions, payment processors and fintechs to minimise errors and retain vital oversight of transactions. The platform streamlines clearing operations in seven critical ways.
Automated clearing processes
Users can effortlessly generate files and reports, minimising manual interventions and reducing errors. And multiple transactions can be cleared simultaneously with batch processing.
Payment network integration
Highly interoperable, t3 can seamlessly connect to a wide range of payment networks and gateways to facilitate smooth transactions. The platform is also compatible with critical clearing protocols such as ISO 20022 and NACHA, meeting diverse system and regulatory requirements.
Real-time transaction monitoring
In-the-moment tracking gives innovators complete visibility of a transaction’s status throughout the clearing process, while timely alerts and notifications empower businesses to act swiftly to address any issues or delays.
Reconciliation
With automated reconciliation, businesses enjoy the peace of mind that comes from knowing payments are being rigorously checked against bank statements and financial records. t3 roots out and resolves any discrepancies, bringing precision to the clearing process.
Compliance and reporting
Iliad’s flagship platform reduces the risk of non-compliance by adhering to industry standards and regulations. Its comprehensive reporting functionality provides businesses with a vital audit trail for each and every transaction.
Robust security
Thanks to strict access controls, only authorised personnel can manage or modify clearing processes in t3. Crucially, its robust encryption protects all sensitive data.
Scalability and performance
High-volume clearing operations are easy with Iliad. Users can carry out regular performance tests and optimisation to ensure consistent efficiency and reliability.
Ready to understand how t3 can support your clearing function? Talk to a member of our team today.
