MRL 360

MRL 360

MRL 360 can be offered to big banks on white label basis or to smaller banks under a SAAS model. In both cases, the product is priced on per terminal per month basis in addition to a one time set up fee. Unlike most of our competitors who have excel based, gross level reconciliation tools, MRL 360 is a DB driven, Scalable, transaction level, General Ledger based (GL) that reconciles transactions from authorization to settlement and beyond. Merchant level profitability report, a by-product of MRL 360 helps MRL position the product as an enabler as opposed to a non-critical back office function called reconciliation. For example, using Merchant Profitability module, we helped a bank to set targeted MDR and turn their portfolio from making a loss of 4 bps of a profit of 11bps.

The features include:

Reconciliation of transactions

  • Reconciliation between the transactions at switch to settlement (merchant payout) files
  • Staging files to Associations and reconciliation of incoming files
  • Co-ordination with BIN acquiring bank and associations with respect to query resolution on settlements


  • Automated scrutiny of settlement files to ensure data accuracy
  • Delivery of merchant payout files

Journal Voucher

  • Association wise JV files for daily outgoing and incoming files
  • Gist sheet for JV files which will show the BIN acquirer’s overall outgoing settlement and incoming settlement from association

Query resolution

  • Any query raised by BIN acquiring / ISO banks with regard to the settlement or POS recon
  • Any query raised by Merchants with regard to the settlement


  • Transaction and settlement reports
  • Open/Suspect/Reject transactions reports
  • Any on-demand report on transaction/settlement / POS recon
  • Merchant level profitability report