Payment Reconciliation

hari@dasarpai.com (Dr. Hari Thapliyaal) — Thu, 02 Jul 2026 00:00:00 +0000

Part 5 of the Complete Guide to Reconciliation Systems in BFSI

A customer buys a USD 120 jacket from an online merchant. The checkout page says “payment successful.” The customer’s banking application shows a debit. The merchant order system marks the order paid. Yet the merchant’s bank account receives no USD 120 credit that day.

Nothing in that description proves money is missing.

The checkout message may represent successful authorization, not final settlement. The merchant may receive a later batch payout rather than an individual credit. Processing fees may be deducted. A refund or dispute may create a later movement. Different participants may use different references and business dates.

Payments on dasarpAI

Payment Reconciliation