Brooklyn, New York – IRIS CRM has released an improved version of their TSYS Retail Reporting Integration for ISOs and agents. IRIS CRM is happy to share that the deposit reporting logic has been updated to utilize the exact transaction and ACH dates for the most accurate information possible.
IRIS CRM now automatically reconciles the merchant’s transactions and deposits to the same information shown in Translink, including true next day funding reporting. Multiple days of transactions that are batched together will have their specific transaction dates, along with the date they were deposited into the merchant’s bank account.
Prior to the latest deposit reporting updates, only batch dates were being used. Solely using batch dates limited the accuracy of merchant data reporting. By adding deposit data, merchants and ISOs will now see the most accurate reporting data for their transactions, batches, and deposits.
Reconciling the transaction data with Translink eliminates any confusion around when transactions, batches, and deposits occurred – saving ISOs and their merchants time trying to analyze the reporting data. Improving the accuracy of the reporting data enables merchants ISOS, and agents to effectively perform operations and financial analysis using the data within IRIS CRM. Enhanced reporting is just one of many features offered by IRIS CRM that benefits merchants which ISOs and agents can leverage to grow their portfolios.
IRIS CRM’s TSYS Retail Reporting Integration includes daily transactions, deposits, retrievals, and chargeback reporting as well as monthly PDF statements and residuals income calculations. Reporting between IRIS CRM and TSYS is fully automated and helps ISOs streamline their internal processes when working with one or more processors through the same system.
About IRIS CRM:
IRIS CRM is a leading merchant services CRM designed specifically for the unique needs and challenges of independent sales organizations (ISOs), payment facilitators, and their merchants. IRIS CRM provides reporting on more than 300,000 active merchants each month and offers ISOs the ability to handle all of their merchant acquisition, onboarding, support, and residual income calculations through a single platform. By automatingand streamlining the most repetitive and time-consuming tasks performed by ISOs, IRIS CRM enables agents, support staff, and management to spend less time on manual processes and more time on generating new revenue.