The enterprise blockchain of Samsung SDS, Nexledger Universal, will be used by merchant acquirer customers of Credorax to completely automate the reconciliation of their accounts payables and accounts receivables with bank statements. Currently, Credorax merchants, like all others, rely on manual or semiautomatic account reconciliation processes. Samsung SDS and Credorax recently completed proof-of-concept tests of the reconciliation platform, which integrates Credorax’s open banking services and existing acquirer support with the blockchain’s distributed ledger. Credorax, which develop...