If you are uncertain with the Residual calculations from your third party processor then you need RS Software’s solution.
Ask for the transaction log from your processor and calculate your commission with a simple click.
Residual Management
Provides a single residual calculation system that supports the ISO’s internal departments and sales agents/offices/sales representatives
Supports program versioning
Allows ISOs to create new pricing plans for their business offerings
Provides highly customizable calculations, based on costs, profits, sales thresholds, and other attributes
Advantage RS
Mapping of business requirement to solution framework
Solution implementation
Easy integration with Merchant Boarding System
User training
Flexibility in adopting clients’ business model – execution architecture, resource planning, time zone coverage
The RS Residual Management tool makes it easy to create, assign and manage compensation plans and rates for ISO agents and representatives calculate their residual payments. The system allows defining innovative rates, and offers effective tracking and reporting features.
Value-Added Features...
Process Flow
Provides easily customizable features for importing processor data/report feed on transaction volume, discount rate, other charges (e.g., customer service fee, monthly minimum charge, AVS charge, authorization fee, batch header fee, interchange fees, etc.) against merchant account
Calculates residual/agent commission for the agent/merchant as per defined rates
Generates residual report for accounting
Offers web-based extranet application to enable agent office/sales agents to view their compensation calculation, and zoom to detail level
