UPI Recon Suite

1. Introduction.

The UPI transactions initiated by the customer are received at remitter bank’s end, via NPCI. When NPCI sends authorization requests, the logs of the transactions are stored at MPower via API. In a day cycle wise UPI transactions are received in MPower from NPCI through files. Ten NPCI files are received in a single day. As each file is received, MPower reconciles the transactions received inside the file with the logs stored in database. On T+1 day these transactions are reconciled with transactions which are posted in Vision+.

1.1 Functionalities of UPI Recon

Below mentioned are the functionalities which are done at MPower’s end:

1. “Matched/Unmatched” MIS reports are generated post reconciliation.
2. “Fuel Surcharge Transaction” are posted in Vision+, based on charges received in NPCI file.
3. “Fuel Surcharge Waiver” are posted in Vision+, if fuel transaction amount is eligible for waiver.
4. The “Fuel Surcharge Waiver” is reversed, if the “Fuel Transaction” is reversed.
5. The transaction amount of “UPI Declined Transaction” is reversed if debit transaction is posted, and auto reversal has not taken place.
6. The “CC Bill Payment” & “U3 Refund” transactions are posted in Vision+ on real time basis, via API.
7. The EMI converted UPI transactions are posted in Vision+ if debit transaction is already posted.
8. Reward points are posted in the customer’s account if eligibility set by bank is met.
9. MIS of the files posted in Vision+ are available on the portal.
10. At EOD summary email alerts are sent to bank users.
11. Due to technical if issue files are not generated, escalation emails are sent to users conveying that files are yet to be generated.

1.2 Advantages of MPower.

1. UPI transactions received from NPCI are reconciled with the transactions received and posted at bank’s end, without any human intervention.
2. “Charges”, “Waiver”, “Waiver Reversal”, “Reward Points”, “Bill Payments”, “Refund” & “Reversal” transactions are posted in V+ from MPower’s end without the need of any human intervention.
3. Activity wise MIS reports are readily available on the portal.

At EOD, summary mail alerts are triggered to users conveying the details of records processed.