Frequently Asked Questions

You asked, we answered.

For any further questions, please utilize our Contact Us form and we'll be sure to answer you.

How does Staitment actually work?

We've developed a proprietary technology called the Adaptive Accuracy Algorithm which instantly transcribes text from natural environments or digital documents using real-time optical character recognition. We then have tens of thousands of data rules about the payments industry, which produces accurate statements analyses.

What types of statement files work?

Our technology will work instantly and accurately with true PDFs downloaded directly from a provider. If you can highlight the text it can analyze any statement size in seconds.

The software also works with photos of statements or scanned physical statements. If our algorithm detects that accuracy is questionable, we continue to run that analysis until it's accurate which takes a few minutes.

Can Staitment verify Interchange?

Staitment verifies every line of interchange and notifies you if the merchant is being charged more than true cost. Also, we verify for interchange discounts.

How accurate are the generated proposals?

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