Hume Highway speed-camera operator Redflex will pay the state government a six-figure sum in compensation for wrongly issued infringements on the roadway.

Details are being finalised on the agreement but The Age believes the parties have reached a six-figure agreement. Negotiations should be finalised by the end of the week.

It's believed the government will stand by its refusal to reimburse 68,000 motorists fined by the malfunctioning cameras since 2007.

The money will instead be reinvested into road-safety measures.

Point-to-point cameras were suspended on the Hume Highway on Monday after it was discovered the system had issued incorrect fines.