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Payments · Solution overview

Settlement switch

The Pars Hadish settlement switch manages transaction settlement with merchants, from reviewing transactions eligible for settlement to preparing and submitting fund transfer requests to the relevant service.

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Conceptual illustration
Conceptual illustration

Areas covered

The requirements and delivery scope of each project are defined with the organisation that will use it.

  • Receive transactions requiring settlement from the payment switch
  • Record merchants' destination account details, such as the account holder's name and IBAN
  • Define settlement conditions and schedules, including daily, weekly, and monthly cycles

Interactive preview

Settlement switchSettlement operator
Reconstructed demo

Demo source: BMS settlement workspace

Eligible entries, holds, previews and duplicate-batch protection are reconstructed. No bank file is generated.

Preview the batch, reconcile a held entry and see its effect on the batch amount.

Try an operation with the sample data.

Preparing demo…

All data is fictional and stays on this page. No real request is submitted.

Detailed product introduction

Read about use cases, user roles, workflows, outputs and deployment requirements in the detailed introduction.

Detailed PDF guide

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