Monday 17th June, 2013

Invapay has announced a significant addition to its existing Payment and Trading platform - "CardReconcile" which the company describes as a dynamic solution which enables the efficient reconciliation of all card based purchasing transactions - irrespective of scheme, issuer or data formats.

“CardReconcile” has the ability to import Level 1, 2 and 3 files from an issuing bank without restrictions allowing line item and split line coding for efficient cost distribution purposes. The benefit of this is that it ensures that the correct Tax/Vat will be attributed to each commodity/line, adding significant value to the finance department.

In addition, "CardReconcile" is integrated into SunGardPS OneSolutionFinance solution - currently used by over 700 public sector organisations in the US. In fact, the entire suite of Invapay’s services will be available to SunGardPS customers – Dynamic Payments, Procurement, Analytics and Reconciliation.

Invapay are hosting 2 workshops at the SunGard User Group SUGA event in Florida on the 25th and 26th June.