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Nuvei Expands Global Platform to North America, Unlocking 60% Faster Reconciliation with Granular, Transaction-level Intelligence
Prnewswire· 2025-07-31 12:00
Core Insights - Nuvei has expanded its global clearing and settlement platform to include the U.S. and Canada, modernizing its North American infrastructure for faster reconciliation and improved cost efficiency [1][4] Merchant Benefits - Merchants now have access to real-time intelligence and detailed reporting through a unified experience, allowing them to see the true cost of each transaction at the point of authorization [2] - Early adopters have reported a 60% reduction in manual reconciliation time and over 8X more data points per transaction compared to legacy systems [2] Advanced Reporting - North American merchants gain access to four advanced financial reports: Balance Reports, Settlement Summary, Chargeback Reports, and Movement Reports, enhancing cash flow forecasting [3] Transparency and Cost Management - The platform provides real-time visibility into transaction-level data, including interchange fees, which aids in forecasting and margin planning [5] - Automated updates to rules and reconciliation logic reduce manual effort and improve data accuracy [6] Chargeback Management - Chargeback management is integrated into the Nuvei Control Panel, allowing merchants to manage disputes more efficiently [7] Unified Global Experience - The Nuvei Control Panel offers a single-login interface for end-to-end visibility across all markets, payment types, and currencies, streamlining operations [8][9] Future Innovations - The expansion supports Nuvei's goal of building a fully integrated global payments platform, with upcoming innovations like programmable settlement flows and real-time payouts [11][12] Company Overview - Nuvei connects businesses to customers in over 200 markets, offering local acquiring in 50 markets and supporting 150 currencies and 720 alternative payment methods [13]