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What is Recko?

An effective and robust technology framework is crucial for the proficient management of financial data and streamlining workflows like reconciliation, commission calculations, payment creation, and reporting, enabling businesses to control their financial activities comprehensively. By embracing contemporary solutions, organizations can enhance the accuracy, efficiency, and speed of their financial processes significantly. Automate your fee calculation systems fully while ensuring compliance with payment service level agreements (SLAs) with outside partners. Achieve seamless integration with payment providers to facilitate timely fund transfers to suppliers and vendors. Expedite your launch using a tested financial operations technology stack that aligns with your goals. Steer clear of the common mistakes associated with developing technology infrastructures that divert attention from your core business mission. Rather than reinventing the wheel, elevate your financial operations technology stack with adaptability and responsiveness. Effortlessly expand your product range into new business domains, markets, and initiatives you are planning to launch. Your technology must adhere to strict standards, being compliant with PCI DSS v3.2.1 and certified under ISO/IEC 27001:2013. Additionally, it should undergo routine vulnerability assessments and penetration tests to mitigate any potential risks effectively. By adopting this thorough approach, your financial operations will not only be secure but also well-positioned for future expansion and innovation, paving the way for sustained success. In doing so, you will foster a culture of continuous improvement that drives your organization forward in a competitive landscape.

What is Fusion Bacsactive-IP?

Fusion Bacsactive-IP streamlines the processing of simple, low-volume payments while effectively overseeing essential payment functions. The platform's SaaS model removes the necessity for hardware investments or software installations. By implementing secure and versatile authorization levels, it minimizes risks, adheres to best practices, and guarantees compliance with Bacs regulations. Furthermore, its easy integration with back-office systems facilitates automation and boosts operational efficiency. Fusion Bacsactive-IP accommodates Bacs Direct Credit and Direct Debit transactions for a wide range of applications, including payroll, supplier payments, expenses, dividends, subscriptions, bill payments, and memberships. In addition, the software offers a variety of optional modules, allowing you to customize a payment solution that aligns with your unique needs. This adaptability ultimately empowers businesses to refine their payment strategies in response to a continuously changing environment, ensuring they remain competitive. With such a comprehensive approach, organizations can better manage their financial operations and respond to emerging market demands.

Media

Media

Integrations Supported

Amazon Web Services (AWS)
Checkout.com
Delhivery
Gmail
Metabase
Microsoft Excel
Oracle Cloud Infrastructure
QuickBooks Online
Shopify
Stripe
Tableau

Integrations Supported

Amazon Web Services (AWS)
Checkout.com
Delhivery
Gmail
Metabase
Microsoft Excel
Oracle Cloud Infrastructure
QuickBooks Online
Shopify
Stripe
Tableau

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Recko

Date Founded

2021

Company Location

United States

Company Website

www.recko.io

Company Facts

Organization Name

Finastra

Date Founded

2017

Company Location

United Kingdom

Company Website

www.finastra.com/solutions/fusion-bacsactive-ip

Categories and Features

Accounts Payable

Approval Process Control
Bank Reconciliation
Cash Management
Check Writing
Duplicate Payment Alert
Fraud Detection
General Ledger Entry
Vendor Management

Accounts Receivable

ACH Payment Processing
Billing & Invoicing
Check Processing
Collections Management
Online Payment Processing
Overpayment Processing
Partial Payments
Receivables Ledger
Recurring Billing

Categories and Features

Accounts Payable

Approval Process Control
Bank Reconciliation
Cash Management
Check Writing
Duplicate Payment Alert
Fraud Detection
General Ledger Entry
Vendor Management

Accounts Receivable

ACH Payment Processing
Billing & Invoicing
Check Processing
Collections Management
Online Payment Processing
Overpayment Processing
Partial Payments
Receivables Ledger
Recurring Billing

Payment Processing

ACH Check Transactions
Bitcoin Compatible
Debit Card Support
Gift Card Management
Mobile Payments
Online Payments
POS Transactions
Receipt Printing
Recurring Billing
Signature Capture

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