BHMI, a leader in back-office payment processing software, has released a new video highlighting the transformative capabilities of the Concourse Financial Software Suite. This video provides an in-depth look at how Concourse modernizes the back-office operations of electronic payments, empowering payment processing for companies worldwide.
The video explains that while many think of payments as just the initial authorization, the true complexity lies in the back-office functions required to successfully process electronic transactions. From real-time transaction data access and automated reconciliation to settlement processing and dispute management, Concourse delivers a comprehensive solution designed for efficiency, scalability, and adaptability.
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“BHMI created this video to showcase how Concourse is revolutionizing back-office payment processing for companies processing millions of transactions daily,” said Casey Scheer, Director of Marketing at BHMI. “With its modular design, real-time data capabilities, and powerful rules engine, Concourse gives businesses the control and flexibility they need to stay ahead in today’s rapidly evolving payments landscape.”
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The Concourse Financial Software Suite consists of five key modules:
- Concourse – Core: The foundation of all Concourse implementations, providing real-time data loading, a configurable rules engine, and a user-friendly interface.
- Concourse – Reconciliation: Automates the reconciliation of transactions across multiple data sources.
- Concourse – Extended Settlement: Ensures timely and accurate settlement of electronic payment transactions.
- Concourse – Fees & Commissions: Provides a flexible, rules-based system for configuring transaction-based fees and commissions.
- Concourse – Disputes: Manages the entire disputes life cycle from initial claim entry to resolution.
Through real-world examples, the video takes viewers on a global journey, demonstrating how leading financial institutions and payment processors trust Concourse to streamline their back-office operations. The video showcases how Concourse supports diverse payment types, including real-time payments like Australia’s New Payments Platform (NPP) and international networks such as Visa, Mastercard, SEPA, and SIBS.
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Key highlights of Concourse include:
- A Continuous Processing Architecture that provides real-time access to transaction data and financial positions.
- Life Cycle Linkage that offers a unified view of every transaction by automatically connecting related data from multiple sources.
- A Configurable Rules Engine that enables quick adaptation to market changes without costly code modifications.
With its proven track record, Concourse is trusted by payment processing companies worldwide to enhance back-office efficiency, reduce operational costs, and support rapid business growth.
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Source – Businesswire
