Statement

The statement is a summary of monetary activities and balances between a date range termed as statement or billing cycle. Normally the statement or billing happens for the card account on a monthly frequency i.e. all the monetary activities performed in the previous statement cycle will be generated at the end of the cycle date. Statement data is generated in PDF in a specified template which contains data such as account holder’s name & address, a summary of balances (Available balance, Current Balance, etc.), list of monetary transactions (Purchases and Debits, Load and Credits, etc.), Dispute Balances if any, Reward Point Balance.

The CoreCard system produces the statement for each account as per the billing cycle applicable and keeps a record of all the previous statements generated on the card account.