Advanced Card Payments Overview Dan Kramer
|
|
- Abigail Green
- 5 years ago
- Views:
Transcription
1 Advanced Card Payments Overview Dan Kramer Senior Vice President, SHAZAM
2 Agenda PIN-Based Transactions Signature-Based Transactions EFT Regulations Tokenization
3 PIN-Based Transactions
4 Intra-Network PIN-Based Transaction ATM or POS Acquirer Settlement Credit Approval Authorization request and posting item EFT Network Settlement Debit Issuer
5 System Funding Switch fees Interchange fees Surcharges Service charges
6 Settlement for PIN-Based Volume $ $$$ $ $ $ $ $ $ $ $ $ $ $$$ $ $ $$$ $ $$$ $
7 Intra-Network ATM Transaction $25 Requested Card Issuing FI CH DDA $26.50 Cardholder $25 Dispensed ATM $1.50 surcharge Acquiring FI Approval Authorization Request Transaction Authorization Authorization Request Approval $25 + $1.50 collected from the card issuing FI Daily $25 + $1.50 paid to the acquiring FI Settlement Switch fee and interchange fee collected from the card issuing FI Monthly Billing Switch Fee Interchange fee forwarded to the acquiring FI
8 Inter-Network PIN-Based Transaction Settlement Credit ATM or POS Acquirer Approval Authorization request and posting item Acquirer s EFT Network (Switch) Issuer s EFT Network (Switch) Settlement Debit Issuer
9 Inter-Network ATM Transaction $25 Requested Card Issuing FI CH DDA $26.50 Cardholder ATM (Cirrus) $1.50 Acquiring FI surcharge Authorization Request Approval Transaction Authorization Daily Settlement $25 Dispensed Authorization Request Approval Approval $ $1.50 Settlement $ $1.50 Settlement Acquirer Processor Foreign Network Authorization Settlement, fees and data exchanged based on contract terms SHAZAM Switch Fee Interchange Fee Monthly Billing Switch Fee Cirrus Interchange Fee Cirrus Switch Fee Cirrus Interchange Fee Cirrus Switch Fee
10 Signature-Based Transactions
11 Signature-Based Transaction Merchant Acquirer Processor or Network Authorization Process: Time of purchase Posting Process: After merchant batch process Card Issuer
12 System Funding Discount fees Interchange passes through to issuer Remaining monies retained by acquirer, card association, network(s) and processor(s) Switch fees charged to issuer
13 Settlement for PIN-Based Volume $ $$$ $ $ $$$ $ Issuers $ $$$ $ Member Organizations $ $$$ $ Acquirers
14 Signature-Based Transaction: Time of Purchase $25 Requested Card Issuer Cardholder $25 Purchase Merchant-Cardholder making $25.00 purchase Auth Response Fees and data exchanged based on contract terms Acquiring FI Acquirer Processor Authorization Request Authorization Request Authorization Auth Response Transaction Auth Response Authorization No funds are exchanged at the time of authorization
15 Signature-Based Transaction: After the Purchase Card Issuer CH DDA $25.00 Merchant processes the batch to collect their money for the purchase. Average 1-3 days. Merchant-Cardholder making $25.00 purchase Discount fees Merchant DDA Interchange fees, settlement and data exchanged based on contract terms Acquiring FI Acquirer Processor $25.00 Financial Advice Financial Advice Acknowledgement Transaction Settlement $25.00 Financial Advice Financial Advice Acknowledgement $25.00 Financial Advice Interchange $25.00 $25.00 $25.00 Settlement SHAZAM Switch Fee: 1) Authorization MC/Visa Transaction fee 2) Financial Advice Month end Interchange Interchange
16 EFT Regulations
17 EFT Regulations Electronic Fund Transfer ACT (EFTA) Regulation E Durbin Amendment Regulation II
18 Tokenization
19 About Tokenization The process of replacing a high-value credential with a surrogate value for use in transactions Replaces card data (PAN) with tokens that are unusable by outsiders Static replacement of card credentials Card-present or card-not-present environment Original card data not transmitted as part of token transaction at the POS
20 About Tokenization Protects real card data at point of capture in a transaction Addresses potential for fraud in card-not-present scenario within online/mobile channel Token used throughout the payment chain and real PAN known only to Token Service Provider (TSP), issuer and cardholder
21 Tokenization Players Issuers: FIs that issue debit cards and/or credit cards to cardholders Token Requestors: authorized entities that may request and maintain tokens managed by a token service provider Token Service Providers (TSPs): generate tokens and maintain a token vault containing actual PANs and each token associated with them on behalf of an issuer Networks: payment networks that receive tokenized transactions from acquirers, interact with TSPs to decrypt tokens and pass both actual card and token data to issuers for authorization
22 Tokenization Scenarios ecommerce Merchant NFC and Chip Digital Wallet / HCE QR and Bar Code Merchant uses tokens instead of PANs in cardon-file database Tokenized account number in NFC or chip device Tokenized account number in the Cloud QR or bar code supplier put a bar code in front of card on file
23 Thank You! QUESTIONS?
Authorization Approval of a transaction by the financial institution that issued a paycard or other payment card.
APA Visa Paycard Portal Glossary of Terms Account Number A unique number assigned by a financial institution to a customer s account. The account number for a paycard is embossed or imprinted on the card
More informationA to Z Jargon buster. Call +44 (0) to discuss your upgrade options
A to Z Jargon buster Call +44 (0) 844 209 4370 to discuss your upgrade options www.pxp-solutions.com sales@pxp-solutions.com twitter: @pxpsolutions Are you trying to navigate your way around what can seem
More informationOverview of Cards ecosystem. April 2016
Overview of Cards ecosystem April 2016 Content Debit card ecosystem Card processes overview Revenue flow in the ecosystem Charges Slide 2 Content Debit card ecosystem Card processes overview Revenue flow
More informationCARD ISSUER DUTIES & RESPONSIBILITIES. Copyright 2013 CO-OP Financial Services
SECTION 3 Operating Rules and Regulations without the prior written permission of CO-OP Financial Services. All Rights Reserved Card Issuers shall have the following responsibilities in addition to those
More informationFrance - Domestic Interchange Fees
France Domestic Interchange Fees Consumer Card Interchange Fees Payment Product Fee Tier General MasterCard Consumer Credit Low Value Payments (1) Contactless Terminal (1) Contactless Terminal High Value
More informationUPCOMING SCHEME CHANGES
UPCOMING SCHEME CHANGES MERCHANTS/PARTNERS/ISO COPY Payvision Ref: Payvision-Upcoming Scheme Changes (v1.0)-october 2015 Page 1 Rights of use: COMPLYING WITH ALL APPLICABLE COPYRIGHT LAWS IS THE RESPONSABILITY
More informationOPERATING RULES AND REGULATIONS
OPERATING RULES AND REGULATIONS related information may be reproduced or transmitted in any form, by any means (electronic, photocopying, recording, or otherwise) without the prior written permission of
More informationPayments 101. An Overview the US Payment Networks. René M Pelegero, President, Retail Payments Global Consulting Group
Payments 101 An Overview the US Payment Networks René M Pelegero, President, Retail Payments Global Consulting Group A Payment is an Exchange of Value Value Financial Non Financial In Financial Institutions
More informationFrance - Domestic Interchange Fees
France - Domestic Interchange Fees Consumer Card Interchange Fees Valid From: 1-Mar-19 Payment Product Fee Tier General Bill Payment and Government (4) Mastercard Consumer Credit Low Value Payments (1)
More informationPayment Processing 101
Payment Processing 101 Timelines & Deliverables PRESENTED BY Pg: 1 March 7, 2018 www.clearwaterpayments.com Quick Agenda Credit/Debit Transactions Industry Definitions Transaction Process Cost/Pricing
More informationPayments 101. An Overview the US Payment Networks. René M Pelegero, President, Retail Payments Global Consulting Group
Retail Payments Global Consulting Group L.L.C. Payments 101 An Overview the US Payment Networks René M Pelegero, President, Retail Payments Global Consulting Group A Payment is an Exchange of Value Value
More informationECSG SEPA CARDS STANDARDISATION (SCS) VOLUME STANDARDS REQUIREMENTS
ECSG001-17 01.03.2017 (Vol Ref. 8.6.00) SEPA CARDS STANDARDISATION (SCS) VOLUME STANDARDS REQUIREMENTS BOOK 6 IMPLEMENTATION GUIDELINES Payments and Cash Withdrawals with Cards in SEPA Applicable Standards
More informationChargeback Guide. 20 November 2017
Chargeback Guide 20 November 2017 TB Summary of Changes, 20 November 2017 Summary of Changes, 20 November 2017 This document reflects changes made since the last publication. Description of Change AN 1193
More informationSTORED CREDENTIAL & CREDENTIAL-ON-FILE GUIDE
STORED CREDENTIAL & CREDENTIAL-ON-FILE GUIDE VISA RULES SUMMARY OF A STORED CREDENTIAL A stored credential is information which may include an account number or payment token that is stored by a Merchant.
More informationSecurity Rules and Procedures Merchant Edition
Security Rules and Procedures Merchant Edition 14 September 2017 SPME Contents Contents Chapter 1: Customer Obligations... 7 1.1 Compliance with the Standards...8 1.2 Conflict with Law...8 1.3 The Security
More informationSpring Mandate Updated
Spring Mandate 2011 - Updated ** As a result of the Mandate Q&A Sessions held last week, this documentation has been updated to clarify any questions and to provide additional information. Changes have
More informationPREPAID CARD GLOSSARY
PREPAID CARD GLOSSARY ACH Remitter: The bank that receives the electronic funds transfer via Automated Clearing House (ACH) to load funds to a prepaid card. A known remitter is one that is logged in the
More informationINVOICE POLICY AND FEE SCHEDULES. Copyright 2016 CO-OP Financial Services
SECTION 8 INVOICE POLICY AND FEE SCHEDULES Operating Rules and Regulations without the prior written permission of CO-OP Financial Services. All Rights Reserved Network transaction fees that are included
More informationBank of Mauritius. National Payment Switch
Bank of Mauritius National Payment Switch January 2016 1 Introduction The Bank of Mauritius (Bank) is empowered under the Bank of Mauritius Act to safeguard the safety, soundness and efficiency of payment,
More informationRentWorks Version 4 Credit Card Processing (CCPRO) User Guide
RentWorks Version 4 Credit Card Processing (CCPRO) User Guide Table of Contents Overview... 2 Retail Processing Method... 3 Auto Rental Method... 4 How to Run a Draft Capture... 5 Draft Capture Failures.....6
More informationPayments POCKET GUIDE. in Your Pocket
Payments POCKET GUIDE in Your Pocket 1 Definitions 3D Secure An XML-based protocol that is designed to add an extra layer of security for online credit and debit card transactions. It has been adopted
More informationCardholder Non-Fraud Transaction Dispute Form
Cardholder Non-Fraud Transaction Dispute Form Instructions for filing a dispute: PAGE OF Please note: this form is only to be used to dispute transactions that you believe to be in error and not fraudulent.
More informationFirst Data s debit network has unrealized potential
First Data s debit network has unrealized potential By Eric Grover PaymentsSource April 27, 2017 Payments behemoth First Data has punched below its weight for more than a decade. It s a portfolio of payment
More informationRetrieval & Chargeback Best Practices. Visa MasterCard Discover American Express. A Merchant User Guide to Help Manage Disputes.
Retrieval & Chargeback Best Practices A Merchant User Guide to Help Manage Disputes Visa MasterCard Discover American Express April 2018 www.firstdata.com This guide is provided as a courtesy and is to
More informationSCHEDULE 1 TO THE JEANIE RULES FEE SCHEDULE. (Effective February 1, 2015)
SCHEDULE 1 TO THE JEANIE RULES FEE SCHEDULE (Effective February 1, 2015) Jeanie Rules Schedule 1, Page 1 Version: 2-1-2015 JEANIE PREFERRED INTERCHANGE RATE SCHEDULE EXEMPT ISSUER The following Rates Apply
More informationAN 1213 Revised Standards Signature Requirements
AN 1213 Revised Standards Signature Requirements Generated on 18 October 2017 Published On 18 October 2017 This PDF was created from content on the Mastercard Technical Resource Center, which is updated
More informationUPCOMING PAYMENT SCHEMES RULES CHANGES
UPCOMING PAYMENT SCHEMES RULES CHANGES Sara Novakovič, Dispute Operations Department Koper, June 2017 CONTENT 1 Payment schemes groups and chargeback reason codes 2 MasterCard rules changes 3 Visa rules
More informationD A T A S E C U R I T Y, F R A U D P R E V E N T I O N A N D P C I C O M P L I A N C E. May 2015
D A T A S E C U R I T Y, F R A U D P R E V E N T I O N A N D P C I C O M P L I A N C E May 2015 D A T A S E C U R I T Y, F R A U D P R E V E N T I O N A N D P C I C O M P L I A N C E This presentation
More informationSecure Payment Transactions based on the Public Bankcard Ledger! Author: Sead Muftic BIX System Corporation
Secure Payment Transactions based on the Public Bankcard Ledger! Author: Sead Muftic BIX System Corporation sead.muftic@bixsystem.com USPTO Patent Application No: 15/180,014 Submission date: June 11, 2016!
More informationNYCE : Optimizing Your Debit Network R elations hip. Franchesca Gayadan P roduct S ales C ons ultant NYCE Payments Network
NYCE : Optimizing Your Debit Network R elations hip Franchesca Gayadan P roduct S ales C ons ultant NYCE Payments Network Discussion Items Durbin Amendment Indus try Update NYCE Network Overview NY C E
More informationMR3.9.0 RELEASE OVERVIEW
MR3.9.0 RELEASE OVERVIEW July 2012 MR3.9.0 Overview Agenda ATM/Debit Star Network Master Card Mandate PIN vs. Signature Fee Options MagTek Instant Issue Member Service Lending Exclude Shared Branching
More informationTim Hopkins, Senior Business Leader Dispute Resolution Management. The Ever Changing Fraud Chargeback
Tim Hopkins, Senior Business Leader Dispute Resolution Management The Ever Changing Fraud Chargeback #GlobalRisk @ MasterCardNews The Fraud Chargeback in the 70s Country Club Billing was the norm in the
More informationHandling Debit Card Chargebacks
Handling Debit Card Chargebacks Rules, Rights and Best Practices Diana Kern, AAP Senior Trainer Disclaimer: The following does not constitute legal advice. The information provided herein may not be applicable
More informationTable of Contents. Overview. What is payment processing? Who s Who. Types of Payment Solutions. Online Transactions. Interchange Process
Overview Credit Card Processing 101 is your go-to handbook for navigating the payments industry. This document provides a quick and thorough understanding on how businesses accept electronic payments,
More informationVisa Account Updater Services
Visa Account Updater Services Service Benefits for Issuers and Cardholders This service benefits issuers by: Increasing customer satisfaction, retention, and loyalty by providing updated account information
More informationEMV Credit Card Instructions
INTRODUCTION This document provides instructions for the processes involving EMV credit cards, including how to: Create Tokens for EMV credit cards in Receivables Maintenance or Address Maintenance Process
More informationIndustry Classification Methodology Guide. ISE Mobile Payments Industry Classification
Industry Classification Methodology Guide ISE Mobile Payments Industry Classification 1 Table of Contents Chapter 1. Introduction Chapter 2. Industry Classification 2.1. Structure and Changes 2.2 Classification
More informationBall State University
PCI Data Security Awareness Training Agenda What is PCI-DSS PCI-DDS Standards Training Definitions Compliance 6 Goals 12 Security Requirements Card Identification Basic Rules to Follow Myths 1 What is
More informationOTHER NETWORKS FEE SCHEDULE TO THE MERCHANT PRICE SCHEDULE TO THE MERCHANT PROCESSING AGREEMENT
OTHER NETWORKS FEE SCHEDULE TO THE MERCHANT PRICE SCHEDULE TO THE MERCHANT PROCESSING AGREEMENT This other Networks Fee Schedule shall be an exhibit ( Exhibit ) to the Merchant Price Schedule to the Merchant
More informationMerchant Operating Guide
August 2012 Table of Contents Chapter 1: About Your Card Program...1 About Transaction Processing... 2 General Operating Guidelines... 2 Additional Services... 4 Chapter 2: Processing Transactions...6
More informationCredit and Debit Card Interchange Fees Assessed to Merchants in the United States August 2016 Update
Credit and Debit Card Interchange Fees Assessed to Merchants in the United States August 216 Update Payments System Research Department Federal Reserve Bank of Kansas City This update includes regular
More informationMA STERCARD Annual ANNU Report AL REP O RT
Annual Report 2016 Summary Consolidated Financial And Other Data For the Years Ended December 31 (in $ millions, except per share) 2016 2015 2014 Statement of Operations Net Revenue $10,776 $9,667 $9,441
More informationInnovative Payment Solutions First Data Introducing Pogo>
Innovative Payment Solutions First Data Introducing Pogo> Espen Tranoy Managing Director, First Data Hellas Copyright 2014 First Data Corporation 1 Agenda First Data Hellas Solutions for the Insurance
More information93 TRANSACTIONS. 2.4 trillion 34 countries. 6 million 130+ billion. million POS AND ATM LOCATIONS WITH STAR. billion.
2017 A N N U A L R E P O R T MERCHANT ACQUIRER ISSUER PROCESSOR 4.3 billion TRANSACTIONS ROUTED WITH STAR billion MANAGED CARD ACCOUNTS ON FILE 680 million GIFT CARDS ISSUED million POS AND ATM LOCATIONS
More informationA report showing the merchant s settlement. The acquirer settlement report is generated by the acquiring bank at the end of every billing cycle.
A Acquirer (acquiring bank) An acquirer is an organisation that is licensed as a member of Visa/MasterCard as an affiliated bank and processes credit card transactions for (online) businesses. Acquirers
More informationa. This is a multi-currency travel card called Wall Street Multicurrency Card.
A. Card Image The Wall Street Exchange multicurrency card is a travel card product that can be used for transactions when travelling abroad (can be used as a surrogate for forex cash). One has the flexibility
More informationDeclined - An invalid expiration date was used. The merchant may reattempt the transaction with the correct expiration date.
0001 Caution account Declined - For security reasons, the transaction was blocked. Please contact your program administrator or J.P. 0002 Closed account Declined - For security reasons, the transaction
More informationPay Card - Recipient Frequently Asked Questions
Q: How soon will my card arrive? A: You should receive your card in 7-10 business days. A complete Pay Card Disclosure and Terms and Conditions will accompany the card. If you do not receive your card,
More informationACCOUNT SETUP FORM. Page 1 of 2 NATIONAL MERCHANTS ASSOCIATION
ACCOUNT SETUP FORM Required with every application. Please Submit to your ProAgent Portal. https://portal.nationalmerchants.com/login Merchant DBA Agent ID Business Type: Retail Restaurant QSR/Small Ticket
More informationCOF Mandate Integration Guide. Version 1.0. As of: November Integration Guide Computop (COF Mandate) 1
COF Mandate Integration Guide Version 1.0 As of: November 2018 Integration Guide Computop (COF Mandate) 1 Table of Contents ABOUT COF MANDATE... 3 What is Stored Credential On File? (COF)... 3 Benefits
More informationPayments 101: Credit and Debit Card Payments
October 2010 Payments 101: Credit and Debit Card Payments Key Concepts and Industry Issues For information contact sales@fdnorthamerica.com. Table of Contents: 1. Introduction... page 3 a. Continued Rise
More informationCredit Card Reforms. Retail Banking Services Transactions and Consumer Financing. Stephen Morrow 6 April 2004
Credit Card Reforms Retail Banking Services Transactions and Consumer Financing Stephen Morrow 6 April 2004 The designation of credit cards under the Payment Systems Act (1999) has been the most significant
More informationSubject: Protecting cardholder data in support of the Payment Card Industry (PCI) Data Security Standards
University Policy: Cardholder Data Security Policy Category: Financial Services Subject: Protecting cardholder data in support of the Payment Card Industry (PCI) Data Security Standards Office Responsible
More informationPayments terminology and acronyms
Payments terminology COMMON ACRONYMS AML anti-money laundering anti-money laundering (aml) is a term mainly used in the legal and financial industries to describe a set of procedures, regulations, or legal
More informationOperating Guide November 2016
November 2016 Table of Contents Chapter 1: About Your Card Program... 1 About Transaction Processing... 2 General Operating Guidelines... 2 Additional Services... 4 Chapter 2: Processing Transactions...
More informationCredit Card Handling Security Standards
Credit Card Handling Security Standards Overview This document is intended to provide guidance regarding the processing of charges and credits on credit and/or debit cards. These standards are intended
More informationDear Cardholder: Return the form in the enclosed envelope.
Dear Cardholder: To follow up on your recent inquiry regarding an item on your VISA statement, we will need you to complete and return the attached form within 10 days. Please explain in your own handwriting
More informationMerchant Operating Guide: Payment Processing Solutions
Merchant Operating Guide: Payment Processing Solutions Merchant Operating Guide MOG200506 1 About Your Card Program... 1 Types of Cards... 1 About Transaction Processing... 2 Parties Involved in Your Card
More informationCredit Card Conditions of use. Terms and Conditions
Credit Card Conditions of use Terms and Conditions Effective: 20 March 2014 This document does not contain all the terms of this agreement or all of the information we are required by law to give you before
More informationStorage and Usage of a Visa Payment Credential Merchant Initiated Standing Instructions Cardholder Initiated
Storage and Usage of a Visa Payment Credential Merchant Initiated Standing Instructions Cardholder Initiated ecommerce Platform October 18, 2017 Version 2 Recurring Payment... 2 Visa Definition... 2 Use
More informationInformation about this New Document
Information about this New Document New document This Security Rules and Procedures Merchant Edition, dated January 2008 is an entirely new document. Contents This document contains excerpts from the January
More informationPayment Card Industry Training 2014
Payment Card Industry Training 2014 Phone Line Terminal & Hosted Order Page/Secure Acceptance Redirect Merchants Contact * Carole Fallon * 614-292-7792 * fallon.82@osu.edu Updated May 2014 AGENDA A. Payment
More informationDates Visa MasterCard Discover American Express. Acquirers, subprocessors. support EMV. International ATM liability shift2
Network Updates Fall 2015 We are committed to working closely with you on achieving your business goals. As a part of this commitment, we carefully monitor Network changes and summarize them for your convenience.
More informationCash and Card Usage by the Public and Merchants
Cash and Card Usage by the Public and s by John Winchcombe December 2016 Cash Essentials www.cashessentials.org Cash and Card Usage by the Public and s Executive summary This paper reports on the cost
More informationPayment Card Acceptance Administrative Policy
Administrative Procedure Approved By: Brandon Gilliland, AVP for Finance and Controller Effective Date: January 15, 2016 History: Approval Date: September 25, 2014 Revisions: December 15, 2015 Type: Administrative
More informationSallie Mae s Business Office Solutions
Sallie Mae s Business Office Solutions Orange Coast College Electronic Disbursement Product/Service Leila Khoury (Regional Sales Manager, BOS) BOS s ecommerce Platform TuitionPay Payment Plan Payment Information
More informationInvestor Presentation First Data Corporation. All Rights Reserved.
Investor Presentation 2015 First Data Corporation. All Rights Reserved. Disclaimer This presentation was prepared on April 29, 2016 and represents the information available to us on that date. We assume
More informationDebit Card. Terms and Conditons
Debit Card Terms and Conditons Contents Introduction 2 Receiving and Signing your Card 2 Ownership of your Card 2 Selecting your PIN 2 Protecting your Card or PIN 2 Lost or Stolen Card/PINs 3 Liability
More informationSubject: Protecting cardholder data in support of the Payment Card Industry (PCI) Data Security Standards
University Policy: Cardholder Data Security Policy Category: Financial Services Subject: Protecting cardholder data in support of the Payment Card Industry (PCI) Data Security Standards Office Responsible
More informationEMV Chargeback Best Practices
EMV Chargeback Best Practices Version 1.1 Date: April 2017 U.S. Payments Forum 2017 Page 1 About the U.S. Payments Forum The U.S. Payments Forum, formerly the EMV Migration Forum, is a cross-industry body
More informationFrequently Asked Questions. (For information purposes only) Banque centrale du Luxembourg
Frequently Asked Questions On Banque centrale du Luxembourg regulation 2011/N 9 dated 4 July 2011 relating to the collection of data on payment instruments and operations (For information purposes only)
More informationANSWERS TO THE EUROPEAN CENTRAL BANK/ EUROSYSTEM TERMS OF REFERENCE FOR THE SEPA COMPLIANCE OF CARD SCHEMES
ANSWERS TO THE EUROPEAN CENTRAL BANK/ EUROSYSTEM TERMS OF REFERENCE FOR THE SEPA COMPLIANCE OF CARD SCHEMES 1. The scheme s rules should not prevent that merchants and cardholders1 are offered the same
More informationStorage and Usage of a Visa Payment Credential
Storage and Usage of a Visa Payment Credential ecommerce Platform May 30, 2018 Version 4.1 Recurring Payment... 2 Visa Definition... 2 Use Case... 2... 3 Installment Payment... 4 Visa Definition... 4 Use
More informationVisa U.S.A. Interchange Reimbursement Fees
Visa U.S.A. The following tables set forth the interchange reimbursement fees applied on Visa financial transactions completed within the 50 United States and the District of Columbia. Visa uses interchange
More informationVantiv Investor Presentation
Vantiv Investor Presentation February 1, 2017 2015 Vantiv, LLC. All rights reserved. Disclaimer This presentation contains forward-looking statements that are subject to risks and uncertainties. All statements
More informationUniversal APPLICATION FOR MERCHANT CARD PROCESSING ISO/ISA
Universal APPLICATION FOR MERCHANT CARD PROCESSING ISO/ISA An application must be completed for each merchant that is applying for bankcard processing. If an applicant has more than one business, using
More informationGuidelines for the issue of Smart / Debit Cards by banks
Guidelines for the issue of Smart / Debit Cards by banks FSC.BC. 123 /24.01.019/99-2000 November 12,1999 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Guidelines for the issue of Smart / Debit
More informationPayLink. Common Payment Gateway Domestic SWITCH. Irida Huta
PayLink Common Payment Gateway Domestic SWITCH Irida Huta Objective Common Payment Gateway Domestic SWITCH Schema concept - Business Technical implementation with a licensed software platform with the
More informationACH Industry Update, Audit Weaknesses and Emerging Payment Trends
ACH Industry Update, Audit Weaknesses and Emerging Payment Trends Presented by Adrian Brown, AAP Director of Education The Payments Authority is the association for payments people. ACH CARD CHECK WIRE
More informationANZ MERCHANT BUSINESS SOLUTIONS
ANZ MERCHANT BUSINESS SOLUTIONS MERCHANT OPERATING GUIDE OCTOBER 2017 CONTENTS Getting Started 1 Welcome to ANZ 1 How to Contact Us 1 Your Key Responsibilities 2 Which Cards Should You Accept? 3 Security
More informationPayment Card Security Policy
Responsible University Administrator: Vice President for Finance and Administration Responsible Officer: Director of Student Financial Services Origination : 4/1/2016 Current Revision : N/A Next Review
More informationNATIONAL PAYMENT SYSTEM INFORMATION RETURN
National Payment System Department GUIDELINES TO COMPLETE THE NATIONAL PAYMENT SYSTEM INFORMATION RETURN Revised: June 2012 TABLE OF CONTENTS EXECUTIVE SUMMARY... 3 A. INTRODUCTION... 3 B. COLLECTION AND
More informationCredit Card Conditions of Use and Credit Guide
Credit Card Conditions of Use and Credit Guide Effective Date: 28 October 2016 Your Credit Contract includes this Conditions of Use brochure, the letter which advises both your credit limit and other prescribed
More informationBird & Bird on the most important consequences of PSD2
Bird & Bird on the most important consequences of PSD2 Scott McInnes - Partner, Bird & Bird (Brussels) scott.mcinnes@twobirds.com Tel: +32.2.282.60.59 30862317 Timeline 25 November 2015 PSD2 adopted 13
More informationCredit Card Conditions of Use. Credit Guide.
Credit Card Conditions of Use. Credit Guide. Effective Date: 20 May 2014 This document does not contain all the terms of this agreement or all of the information we are required by law to give you before
More informationAmerica Outdoors Association s Marketing & Management Conference December 2011 Strategies to Find New Customers and Grow Demand
America Outdoors Association s Marketing & Management Conference December 2011 Strategies to Find New Customers and Grow Demand The Players Merchant s Bank Cardholder > 2 billion Merchant > 30 million
More informationVisa Reloadable Prepaid Card Terms and Conditions
Visa Reloadable Prepaid Card Terms and Conditions These are your Prepaid Card Terms and Conditions. "Agreement" means these Visa Prepaid Card Terms and Conditions. "We" "us" and "our" refer to Chessie
More informationShock to the System:
Shock to the System: The New Normal for ecommerce After Data Breaches September 22, 2015 Bill Cohn Director of Product Management, ecommerce Vantiv What We ll Cover Impact of Data Breaches The New Normal
More informationStrong Customer Authentication and PSD2
Strong Customer Authentication and PSD2 How to adapt to new regulation in Europe January 18, 2018 Authors: Christoph Baert Paul Baker 1. INTRODUCTION 3 2. WHAT IS MASTERCARD S AUTHENTICATION STRATEGY IN
More informationThese are your General Purpose Card Terms and Conditions
These are your General Purpose Card Terms and Conditions "Agreement" means these Visa General Purpose Card Terms and Conditions. "We" "us" and "our" refer to First South Financial Credit Union. "You" and
More informationVisa Reloadable Prepaid Card Terms And Conditions
Visa Reloadable Prepaid Card Terms And Conditions "Agreement" means these Visa Prepaid Card Terms and Conditions. "We" "us" and "our" refer to Sioux Falls Federal Credit Union. "You" and "your" refer to
More informationVisa General Purpose & Student Reloadable Prepaid Card Terms and Conditions
Visa General Purpose & Student Reloadable Prepaid Card Terms and Conditions These are your Prepaid Card Terms and Conditions. Agreement means these Visa Prepaid Card Terms and Conditions. We us and our
More informationChanges in U.S. Payments Fraud
Changes in U.S. Payments Fraud 2012 2016 Talk About Payments Webinar November 1, 2018 Federal Reserve Payments Study Federal Reserve System CHANGES IN U.S. PAYMENTS FRAUD FROM 2012 TO 2016 Evidence from
More informationPayment Processing. A simple explanation of the entire credit card payment transaction process. We promise.
Payment Processing A simple explanation of the entire credit card payment transaction process. We promise. We admit it credit card transactions can be confusing. Sure, the initial transaction part when
More informationChargebacks 101. Do draft retrievals result in upfront debits? No, draft retrievals are non-monetary.
Chargebacks 101 Can a telephone recording of a conversation with the cardholder be accepted as evidence that the cardholder no longer disputes? Unfortunately, the networks are not able to accept telephone
More informationCard Acceptance Guidelines for Visa Merchants
Card Acceptance Guidelines for Visa Merchants Table of Contents Introduction...1 SECTION 1: Getting Down to Basics... 4 Visa Transaction Processing Who is Involved?.....................................................
More informationEvent Merchant Card Services
Event 317 - Merchant Card Services Statement of Work A. Overview: It is the intent of the Bexar County Tax Assessor-Collector to solicit proposals to establish a contract with a vendor to provide merchant
More informationInternet Banking. Department of Management
Internet Banking Dr. Kavita Srivastava Department of Management ITS, Ghaziabad E Banking E-banking is a generic term for delivery of banking services and products through electronic channels, such as the
More informationChargeback Management Guidelines for Visa Merchants
Chargeback Management Guidelines for Visa Merchants Table of Contents Introduction.............................................................. 1 Section 1: Getting Down to Basics..........................................
More informationHow do I pay thee let me count the ways!
How do I pay thee let me count the ways! Kate Cole, AAP, CAE Principal MK Cole Consulting kate@mkcoleconsulting.com 612.910.9286 Gary B. Nesbitt, AAP Principal GNesbitt Consulting gary.nesbitt@gmail.com
More information