Settlement Processing

For those settlement messages being received, not in structured format, but via such media as Fax, SCANit will capture and extract the relevant information required to create a structured settlement message. Whether this is a purchase or sale against cash as per MT541/MT543 (or equivalent) or free receipt or delivery as per MT540/MT542 (or equivalent) is moot, as SCANit is capable of supporting all.

Giving structure to settlement messages received in unstructured format, not only ensures such messages can be processed in a far more time-efficient manner but also that they be processed with a substantially reduced risk of error that often accompanies manual processing.

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