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Payment Reconciliation Process for Retail - Kosh Payment reconciliation in the retail industry involves scrutinizing point-of-sale (POS) transactions, deposit reconciliation, invoice reconciliation and bank settlement Retailers often rely on third-party payment providers to process payments Discrepancies can arise between the payments reported by the payment provider and the actual bank
Fee Reconciliation – Reiterate Estimate payment solution provider fees and compare them with settlement statements to identify discrepancies or anomalies in billing