Concourse — Fees & Commissions™
The Concourse — Fees & Commissions product incorporates user-defined business rules that allow companies to have complete control over the assessment, allocation, and distribution of transaction-based fees, commissions, and rebates. Concourse — Fees & Commissions allows companies to do the following:
Rules-Based Fee Configuration
The Concourse Expression Generator allows a company to easily configure user-defined business rules for its fee, commission, and rebate structures. This architecture eliminates the need for hard-coded fee or commission types and allows a company to define the types based on its specific business needs.
User Extensible Fee Types
Concourse — Fees & Commissions can be configured to assess multiple fee, commission, and rebate types for a single electronic payment transaction. Consequently, fee schemes can be highly granular and uniquely tailored to any customer.
Configurable Fee Assessment
Concourse — Fees & Commissions supports two types of assessment configurations: Flat and Tier. A flat fee assessment is based on a percentage calculation or a fixed calculation. The tiered fee capabilities provide companies with additional, flexible options for crafting customized fee plans to appeal to different customer groups. Concourse — Fees & Commissions provides the ability to configure the following types of tiering structures:
Support For All Fee Sources
The Concourse Transaction Loader continuously retrieves electronic payment transactions from the front-end authorization application. The Concourse Network Loaders also capture details from all external network partners. Fees can be assessed based on the transactional data received from these external sources, or if a fee is provided by the external source it can simply be passed through to minimize fee calculation differences. In addition, a user interface is provided for the manual entry of fees that are received in a non-electronic form, such as those found in reports or spreadsheets. A manual fee load process is available to allow fees and commissions generated by another system to be introduced to the Concourse — Fees & Commissions system for reporting and settlement. This allows all fees to be presented in a uniform manner and settled by the same process.
Proactive Fee Evaluation
With Concourse — Fees & Commissions, companies are able to support current and future fee, commission, and rebate schemes in their production environment. The audit fee feature allows current production and future production fee, commission, and rebate schemes to exist concurrently and only allow the current production scheme to be submitted to settlement. Fee audits are included on system owner reports to allow companies to evaluate the outcome of different schemes.
Fee Reconciliation Facilitation
In addition to allowing new fee, commission, and rebate schemes to be evaluated, the fee audit feature can be used to internally audit fees assessed by external networks. The system owner fee reports allow companies to identify any fee discrepancies without the need for lengthy manual comparisons.
Exception & Correction Management
Concourse — Fees & Commissions provides a number of facilities to help companies manage exceptions and corrections related to fees. Below is a summary of these facilities.
Concourse — Fees & Commissions supports client, network, processor, and system owner reports for a specified business date. In addition, a company and its clients can view and download fee settlement reports through the Concourse Settlement Summary Viewer.
Concourse — Core™
Concourse — Extended Settlement™
Concourse — Reconciliation™
Concourse — Disputes™
Concourse — Fees & Commissions™
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