Clearing and settlement

ZMS developed a clearing and settlement service that provides support for processing incoming and outgoing files for all major card schemes.

The clearing and settlement services are organized around a common data repository. The common data repository is in fact a shared transaction storage (or a data pool) that supports all services and systems related to transactional information (such as a chargeback system, a fraud management system, etc.). All transactions from different incoming files are loaded to the common data repository, making them available to all the relevant services and systems. The transactions are loaded to a single data scheme regardless of the actual data source.