Fiserv Optis - Daily Credit Card Settlement

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Financial institutions that service their credit cards via the Fiserv Optis, formerly First Data Omaha platform, must perform daily settlement to update customer accounts and financial general ledgers.

This daily settlement process can be a very manual and time consuming process as it involves gathering, cleaning, combining, and aggregating data from many different sources, such as the SD-091, the general ledger settlement report, the CD-072, the report of adjustments, the SD-902, miscellaneous settlement, and other reports, including a mapping table spreadsheet of general ledger information.

By simply dragging and dropping the respective reports into this pre-built workspace, Monarch will automate the settlement.

Finally, this information and this process can be automated using the Monarch Server application.