Automate settlement

Clearon's platform is the infrastructure that connects coupons, gift cards, POS systems, stores, issuers and financial flows. Among other things, it handles verification, redemption, clearing and settlement.

Clearing is the process that ensures a completed transaction is registered, matched and handled between the parties involved. For coupons and gift cards, this means, among other things, that the redemption is linked to the right issuer and that documentation is created for correct settlement and reimbursement.

When a coupon, voucher or gift card is used, the transaction is registered and the relevant details are checked. The transaction is then handled through Clearon's clearing and settlement flows.

Clearon can automate large parts of the clearing and settlement process, which reduces the need for manual administration for the store and chain.

The transaction proceeds through Clearon's clearing and settlement flows, where the information is matched and the correct financial reimbursement is handled between the parties involved.

The platform is built for high availability and to handle business-critical transactions in large volumes. More technical information is available on the Operational reliability page.