SafeCharge to power Gett’s payment reconciliation
SafeCharge, the paytech firm, is extending its partnership with transportation app Gett to streamline payment reconciliation processes across all its payment partners.
Gett will use SafeCharge Reconciliation Manager to automate the matching of transactions across acquirers, payment gateways, banks and customers, with the attempt to prevent revenue losses due to mismatches or incorrect fee charges.
Gett’s app is available across the UK, the US, Israel and Russia. With mobility services often resulting in complex processes involving fare splits, foreign banks and drivers having to be paid for the correct amount, SafeCharge Reconciliation Manager will allow the business to automatically prevent payment mismatches, duplicate billing, invoicing errors and rebate withholding.
“We chose SafeCharge Reconciliation Manager because of the company’s extensive experience in the payments industry and deep understanding of the pain-points when it comes to the reconciliation and matching of transactions,” says Guy Douek, global head of payments at Gett.
Gett says it processes tens of millions of transactions and as such, it need to reconcile information from various banks, gateway providers, corporate banks, acquiring banks and internal systems. SafeCharge Reconciliation Manager has freed up resources from what was a “tedious and manual task prone to human error”.