Reconciliation reports

Nexus will provide the IPSO two options for retrieving reconciliation reports.

1. Via API

Nexus will provide an API which reports on all transactions send and received by the requesting IPSO. The IPSO can apply filters to the API, for example on payment status (all completed payments, all rejected payments, etc), specify a custom date and time range), and/or specific financial institutions. This will allow the IPSO to reconcile the transactions in its system with the transactions processed by Nexus.

The transactions reported in the API contain the UETR. It is recommended by Nexus that PSPs use the UETR to reconcile the transactions and their status in the API with their own systems.

1. Periodic report

Nexus will also periodically provide a machine-readable reconciliation report with all transactions with a final status code ACCC, RJCT, BLCK or ACWCto allow for reconciliation by the IPSO. The report will contain all new transactions since the last report, ensuring the PSP is able to verify reception of all transactions. The transactions included in the report contain the UETR. It is recommended by Nexus that PSPs use the UETR to reconcile the transactions and their status with their own administration using the UETR.

The report is in the ISO20022 camt.054.001.11 format.