Business / Reporting & Reconciliation
Connect every payment to the business behind it.
First Digital Pay Reporting & Reconciliation is designed to help businesses understand how commercial references, payments, processing activity and settlement records connect.
From an individual transaction to a settlement containing multiple payments, the objective is a clearer financial record.
Reconciliation REC-2026-0812
- Commercial references
- 3
- Payments
- 3
- Processing records
- 3
- Settlement records
- 1
- Adjustments
- As applicable
- Reconciliation status
- Review required
Illustrative example
One connected financial record.
Each record type has its own purpose and its own status. Reconciliation is not a single report; it is the relationship among the records.
- 01
Commercial Reference
The business reason for a payment.
- 02
Payment
A payment associated with one commercial reference.
- 03
Processing
Processing activity associated with a payment.
- 04
Settlement
May include allocations from several eligible payments.
- 05
Reconciliation
The relationship among the records above.
Relationships are not necessarily one-to-one. One settlement may conceptually contain several eligible payment records through allocation relationships.
Start with why the payment exists.
A Commercial Reference represents the business reason associated with a payment. It is the starting point for understanding everything that follows.
First Digital Pay records the reference supplied by the business. It is not an invoicing or accounting platform.
- Invoice
- Order
- Booking
- Service engagement
- Payment request
- Other commercial reference
Follow the payment record.
Payment and processing are separate records with separate statuses. A received payment may still be moving through processing.
Commercial Reference
INV-10482
StatusOpen
Payment
PAY-2026-0812
Payment statusReceived
Processing
PRC-2026-0812
Processing statusIn progress
Illustrative example
Understand what contributed to a settlement.
Multiple eligible payments may relate to one settlement record. Each relationship is an allocation. Payments are not necessarily settled together; other payments may relate to other settlement records.
- Allocated
PAY-0812
INV-10482
- Allocated
PAY-0813
INV-10483
- Allocated
PAY-0814
ORD-7731
Settlement record
STL-2048
3 allocated payment records
Illustrative relationship. Actual settlement structure depends on the applicable product and settlement arrangement.
See how the records come together.
Reconciliation detail
- Reconciliation reference
- REC-2026-0812
- Reporting period
- Where applicable
- Commercial references
- 3
- Payment records
- 3
- Processing records
- 3
- Settlement records
- 1
- Adjustments
- As applicable
- Reconciliation state
- Review required
- Last updated
- 2026-09-25 11:30
Illustrative example
| Commercial | Payment | Processing | Settlement | State |
|---|---|---|---|---|
| INV-10482 | PAY-2026-0812 | PRC-2026-0812 | STL-2048 | Matched |
| INV-10483 | PAY-2026-0813 | PRC-2026-0813 | STL-2048 | Matched |
| ORD-7731 | PAY-2026-0814 | PRC-2026-0814 | STL-2048 | Review required |
| All rows relate to REC-2026-0812 | ||||
- Commercial
- INV-10482
- Payment
- PAY-2026-0812
- Processing
- PRC-2026-0812
- Settlement
- STL-2048
- State
- Matched
- Commercial
- INV-10483
- Payment
- PAY-2026-0813
- Processing
- PRC-2026-0813
- Settlement
- STL-2048
- State
- Matched
- Commercial
- ORD-7731
- Payment
- PAY-2026-0814
- Processing
- PRC-2026-0814
- Settlement
- STL-2048
- State
- Review required
- All records relate to REC-2026-0812
Illustrative example
Know what still needs to be reconciled.
Records do not always reach reconciliation at the same time. A payment may be received while processing or settlement is still underway. The states below are provisional product terms.
Matched
The related records have been connected for this reconciliation.
Pending
One or more related records has not yet reached the stage required.
Review required
A relationship needs attention from an authorized team member.
Adjustment recorded
An applicable adjustment has been associated with the record.
Move from individual records to an operating view.
Operational reporting shows where records stand. It is not business analytics and does not describe financial performance.
- Payment records
- 148
- Settlement records
- 12
- Reconciled
- 131
- Pending reconciliation
- 14
- Review required
- 3
Illustrative example. Record counts only; not merchant data.
Trace a record across the payment lifecycle.
A business could locate related activity from any point in the chain using references, dates or statuses.
- Commercial reference
- Payment reference
- Settlement reference
- Reconciliation reference
- Date
- Status
Illustrative criteria. Not a live search.
Understand what happened over time.
The current state shows where a record stands now. History shows how it got there. Events are appended as records change, so both views serve different operational purposes.
2026-09-24 10:02
Payment received
PAY-2026-0812
2026-09-24 10:03
Processing started
PRC-2026-0812
2026-09-24 10:41
Processing updated
PRC-2026-0812
2026-09-25 09:15
Settlement recorded
STL-2048
2026-09-25 11:30
Reconciliation updated
REC-2026-0812
Illustrative example
Designed for the records businesses need.
First Digital Pay is being architected so payment, settlement and reconciliation records can ultimately support appropriate business reporting and integration workflows.
We are designing the information architecture to make such future capabilities possible. Specific formats and integrations are not currently offered.
Make every payment easier to account for.
Tell us how your business manages payment, settlement and reconciliation records today.
Availability varies by product, jurisdiction, configuration and eligibility.