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January 8, 2019

Gett simplifies and streamlines reconciliation from all its payment providers with SafeCharge

Global ride-sharing app company rolls out SafeCharge Reconciliation Manager, a solution empowering efficient reconciliation across four payment partners through matching and reconciliation automation.

 

SafeCharge (AIM: SCH), the partner of choice for businesses who demand more from payments technology, today announced an extension of its partnership with Gett – the global on-demand mobility company – to streamline payment reconciliation processes across all its payment partners globally. The company has chosen to rely on SafeCharge Reconciliation Manager to automate the matching of transactions across acquirers, payment gateways, banks and customers, preventing revenue losses due to mismatches or incorrect fee charges.

Gett’s on-demand mobility app is available across 120 cities worldwide across the UK, the US, Israel and Russia, allowing millions of customers to reach their destination on a daily basis. With mobility services often resulting in very 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. Thanks to a constant snapshot of account balances for all payment methods in a single, integrated report, Gett has now more control over their revenues to grow the business further.

“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,” said Guy Douek, Global Head of Payments at Gett.“ At Gett, we process tens of millions of transactions and as such, we need to reconcile information from various banks, gateway providers, corporate banks, acquiring banks and internal systems. SafeCharge Reconciliation Manager has automated the process, freeing up resources from what was a tedious and manual task prone to human error, enabling us to concentrate on investigating and sorting any payment gaps.”

“For businesses operating within complex payment scenarios, SafeCharge Reconciliation Manager is the ideal solution to streamline all reporting into a single unified overview, to ensure that all payments have been received correctly and that processing fees are in line with related service contracts,” explained Yuval Ziv, CCO, SafeCharge. “Many unforeseen circumstances can negatively impact the reconciliation process, from switching to a new provider, to hidden fees. Our solution is saving our customers thousands of dollars in revenue, putting them back in control of their payments systems.”

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SafeCharge Limited is an Electronic Money Institution authorised and regulated by the Central Bank of Cyprus and is a principal member of Mastercard, Visa and Unionpay International (CUP). SafeCharge Financial Services Limited is authorised and regulated by the Financial Conduct Authority as a Payment Institution. Both SafeCharge companies are wholly owned by SafeCharge International Group Limited.