Mastercard t464 acquiring atm transactions reconciliation manual

MASTERCARD T464 Acquiring ATM MASTERCARD T464 Acquiring ATM Transactions Reconciliation Manual Transactions Reconciliation Manual

By Charles ItsuokorBy Charles Itsuokor

MasterCardMasterCard

Reconciliation ManualReconciliation Manual

Table of Content Table of Content

• Downloading T464 MasterCard Transactions • Converting Downloaded T464 Files• Reconciling T464 with your CBA Extraction of Data• Investigation of Opening Items

Introduction Introduction

It’s important to validate your MasterCard ATM acquiring Transactions with your Net settlement figures as advised on the NSA file. It also very important to reconcile the ATM acquiring transactions with your Core Banking transactions for MasterCard

Introduction Introduction

There are several reconciliation tool in the market you can used . I recommend you used Corona 7.8 SmartStream Reconciliation Tool

However where an automated reconciliation tool is not available ,you can use your Mocrosoft excel

Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions

Log on to MasterCard connectType in you four digit password

Type in the six digit (from your Secure ID )

Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions

Ensure that the bar in the secure ID is full before typing in the secure code.

Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions

Click on sign in

Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions

The Screen below POP UP

Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions

Click on application

Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions

Click on MasterCard Data Exchange

Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions

Click on END Point 007113

Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions

Click on Download Files

Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions

Look for T464 files in the new Tab will come up ..

Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions

Right click on the T464

Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions

Click on the save link as…..

Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions

Click on the save link as…..

Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions

Navigate location where you want to drop files

Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions

On the location and click on save

Downloading T464 MasterCard Downloading T464 MasterCard Transactions Transactions

Always monitor the progress of the download as shown below

Ensure the file is complete downloaded

Converting Downloaded T464 FileConverting Downloaded T464 File

• There are so many converter used in converting MasterCard T464 files to a readable format (Excel)

• I recommend VOFILS T464 Converts to converting T464 Files in to excel

Converting Downloaded T464 FileConverting Downloaded T464 File

• There are so many converter used in converting MasterCard T464 files to a readable format (Excel)

• I recommend VOFILS T464 Converts to converting T464 Files in to excel

Converting Downloaded T464 FileConverting Downloaded T464 File

• There are so many converter tools used in converting MasterCard T464 files to a readable format (Excel)

• I recommend VOFILS T464 Converter

Converting Downloaded T464 FileConverting Downloaded T464 File

• Open the Converter

Converting Downloaded T464 FileConverting Downloaded T464 File

• Go to the Mastercard Settlement (Sheet)• Click on covert • Navigate to the location where the file you want to

convert is located

Converting Downloaded T464 FileConverting Downloaded T464 File

• Click on open

Converting Downloaded T464 FileConverting Downloaded T464 File

The converter will show the number of record imported. click OK

Converting Downloaded T464 FileConverting Downloaded T464 File

After about 3 min the file will be converted into excel The converter files contain Local and international

transactions Go to MASTERCARD NGN ACQUIRER (Sheet) of all

Transactions done on your ATM (OMTC)OMTC :- Our Machine There Card

Converting Downloaded T464 FileConverting Downloaded T464 File

Copy the files to a new Excel work sheet Name the files and Save Close the converter

Reconciling T464 with your CBAReconciling T464 with your CBA

• Bring your core Banking transactions for mastercard acquiring (CBA data) and the Converted T464 together in a reconciliation work sheet

• Ensure that the two data are aligned

Reconciling T464 with your CBAReconciling T464 with your CBA

Before aligning the two set of data Ensure that a data integrity test is done on your CBA data

to verify the completeness of the CBA data

Ensure that a validation test in done on the Mastercard ATM acquiring data to verify the correctness of the settlement figure

Reconciling T464 with your CBAReconciling T464 with your CBA

Formula for data integrity test is giving below Opening Balance + Sum of Downloaded CBA Transactions

= closing Balance

Reconciling T464 with your CBAReconciling T464 with your CBA

Please note the following data alignment (This relate to users using Flexcube as there core banking application )

Reconciling T464 with your CBAReconciling T464 with your CBA

Once you have finish re_ arranging the two data (CBA and the Mastercard ATM acquiring data)

Sort by the UNIQUE Matching criterial column. RRN Colum

Reconciling T464 with your CBAReconciling T464 with your CBA

Reconciling T464 with your CBAReconciling T464 with your CBA

Match off your transactions

Investigation of Opening ItemsInvestigation of Opening Items

Open items or orphans are transactions that did not match off . Transactions with out a corresponding pairs either on the CBA or on the MasterCard Acquiring side.

Investigation of Opening ItemsInvestigation of Opening Items

• We have two broad types of open items• CBA Orphan :- Transactions in your CBA not in

MasterCard Acquiring • MasterCard Acquiring Orphan :- Transactions in

MasterCard Acquiring not in CBA

Investigation of Opening ItemsInvestigation of Opening Items

S/N Category of Exceptions What to Do 1 CBA Orphan

I.Self-Matched in CBA II.Failed Transaction that impacted III.Outstanding transactions due to time

1. Check Status of Transaction in the E-Journal or Postilion

2. Check status in raw T464 files3. Check if transactions is a local

transactions settled in USD4. Laisse with the Switch

2 MasterCard Acquiring OrphanI.Self-Matched in T464 II.Reverse Transactions (EREC) 

1. Check if transactions in an EREC2. Check Status of Transaction in the E-

Journal or Postilion  

Thank you