Overview of Cards ecosystem. April 2016
|
|
- Fay Nelson
- 6 years ago
- Views:
Transcription
1 Overview of Cards ecosystem April 2016
2 Content Debit card ecosystem Card processes overview Revenue flow in the ecosystem Charges Slide 2
3 Content Debit card ecosystem Card processes overview Revenue flow in the ecosystem RuPay Charges Slide 3
4 Market Overview: Two sided market A two-sided market consists of two distinct groups ; cardholders and retailers ; that provide each other with benefits. Cardholders want a payment card that they can use at as many merchants as possible. Merchants want to accept a payment card that is carried by as many customers as possible. Like other two-sided economic models, the cards payments system must balance the needs and desires of all of those involved. Slide 4
5 Players in card ecosystem Merchant Acquirer Issuer Card Scheme It is the store, restaurant, hotel, or other entity that accepts the card as payment It is the financial institution that signs up merchants and manages the merchant relationships to accept card payments It is the financial institution that issues cards to its consumers It provides the network that allows transactions between all the parties i.e. merchants. acquirers and issuers Slide 5
6 Types of merchants Merchant Category Code Merchant category code defines the merchant s type of business. It designates the principal trade, profession, or line of business in which a Merchant is engaged Channel The channel will define the transmission media of the transaction. It can be POS, ECOM, IVR etc. Card Present environment: In a POS environment, physical card is accepted Card not Present environment: Channels like ecommerce, IVR and mobile accept cards details for processing transaction. Slide 6
7 Issuing Banks Linking cards to account Account Opening Issuing banks target customers to open retail CASA accounts Customer applies for a savings account Bank generates a savings account Customer applies for a debit card Bank authorizes the application and issues the debit card to customer Bank links the card to the savings account Bank sends the debit card and pin to the customers Issuing Banks take majority of liability for the cardholder including aspects like fraud, incentivisation, activation and usage of card Slide 7
8 Acquiring Bank Merchant Relationships The acquiring banks ties up with multiple merchants for acceptance of card payments across channels Major Channels of Acquiring ATM POS Ecommerce The Bank sets up ATM network. It receives interchange from the issuer for the transactions acquired on their ATMs Banks set up POS networks Banks receive merchant discount rates from merchants and pay interchange to the issuer Banks provide payments gateways to merchants Banks receives Merchant Discount Rates and pays interchange to issuer Slide 8
9 Role of scheme Dispute Management Risk Management Authorization Transaction Settlement Network Training & Support MIS & Analytics Testing & Certification Core Role International Acceptance E- commerce/iv R/Mobile Slide 9
10 Types of cards Debit Cards Prepaid Cards Credit Cards Buy Now, Pay now Pay First, Buy Later Buy Now, Pay Later Linked to bank account for real- time debit Debit cards support online transactions Limited credit risk to issuers as it is linked to retail CASA bank account Pre-loaded with desired amount Avoids exposure of banks account or credit card information, credit check not required Recharge activity required Gift cards, reimbursement cards and travel cards are the major prepaid cards in Indian market Not linked to bank account No recharge activity required Credit risk borne by issuing bank Other variant of credit cards include charge cards. Slide 10
11 Type of authentication Signature Based Pin Based Smart Card(Chip Based) The authentication is done based on magnetic strip reader and signature of the customer 99% of the cards issued in India are magnetic strip cards Although widely prevalent, the risk is higher in this form of authentication The authentication is done based on magnetic strip on the card and pin which is provided by the customer This is considered more secured than the signature based cards The authentication is based on the chip on the cards and pin This is considered to the most secured technology in the current scenario Chip prohibits any skimming of card details and pin provides another layer of security to the cardholder Slide 11
12 Content Debit card ecosystem Card processes overview Revenue flow in the ecosystem Charges Slide 12
13 Definitions 01 Authorization Authorization After a merchant swipes the card, the data is submitted to merchant s bank, to request authorization. The acquirer then routes the request to the card-issuing bank, where it is authorized or denied, and the merchant is allowed to process the sale 02 Batching Batching At the end of a day, the merchant reviews all the day s sales to ensure they were authorized and signed by the cardholder. It then transmits all the sales at once, called a batch, to the acquirer to receive payment. 03 Clearing Clearing After the acquirer receives the batch, it sends it through the card network, where each sale is routed to the appropriate issuing bank. The issuing bank transfers the amount back to the acquirer through the network 04 Funding Funding After receiving payment from the issuer, minus interchange fees, the acquirer subtracts its discount fee and sends the remainder to the merchant. The merchant is now paid for the transaction, and the cardholder is billed. Slide 13
14 Authorization Step 1: After cards holder uses the card, the merchant sends the authorization request to the merchant s acquiring bank Step 2&3: The acquirer routes the transaction to the issuer through RuPay. Step 4-8: The Issuer authorizes i.e. approves or declines the transaction and sends the response back to RuPay which is sent back to merchant through acquiring bank. Slide 14
15 Clearing & Settlement Step 1 & 2: Merchant submits the transactions to the acquiring bank kfor payment and the acquiring bank submits the clearing file to network for settlement. Step 3,4&5: The network clears the submitted file after which the Issuer posts the entry to cardholders account Or Disputes transaction Step 6&7: Card scheme completes the settlements by debiting issuer settlement account and crediting acquirer settlement account Slide 15
16 Transaction Processing Types Single Messaging System ( SMS) Dual Messaging System ( DMS) In a single message system, there is no need for the acquirer to present a separate clearing file for successful online authorizations Each successful authorized transaction is considered directly for settlement by the cards schemes Maestro product by MasterCard and RuPay debit card are examples of Single Messaging system All ATM transactions are settled through SMS Dual message system transactions are the ones in which authorization and clearing file transmission occurs in two separate steps Unlike in SMS transactions, the acquirers need to send separate presentments for the transactions they wish to claim for settlement Visa Product and MasterCard product settlement process for non ATM transactions are currently on Dual Messaging System Slide 16
17 SMS vs. DMS Authorization Automatic Download RGCS Clearing & Settlement SMS Auth Fees No Fees After the authorization stage, all successful transactions are considered for clearing and settlement at end of day. Authorization Presentment by acquirer RGCS Clearing & Settlement DMS Auth Fees Clearing and settlement Fees After authorization stage, the acquirer presents the file to the scheme system post which clearing and settlement cycle takes place Slide 17
18 Dispute Management Acquirer Transactions routed to RuPay RuPay Transactions sent to Issuer Issuer Retrieval request Request fulfillment Retrieval request Request fulfillment RR Charges Disputes sent to Acquirer Issuer raises Disputes Submits Re-presentments Re-presentments sent to Issuer If the issue is not resolved through any of the above mentioned means, members can raise Arbitration or compliance Arbitration/ Compliance Charges Slide 18
19 Content Debit card ecosystem Card processes overview Revenue flow in the ecosystem Charges Slide 19
20 Important terminologies Merchant Discount Rate The rate charged by the acquiring bank to the merchants is termed as the merchant discount rate Merchant fees are often explicitly formulated on an interchange-plus basis. Interchange Fees The transfer rate exchanged between financial institutions each time a payment is done at ATM & POS locations Interchange provides a fair mechanism for fuelling business growth and sharing system costs and benefits Network Fees The networks charge various fees to members to recover their transaction processing costs Such fees may be charged on a daily, monthly or quarterly basis. Slide 20
21 Network Fee and Interchange flow in POS Network Fees Issuers Customers Networks Interchange Fees Price markup Network Fees Acquirers MDR Merchants Flow of funds MDR flow When a customer uses the card for a Off Us transactions, the acquiring bank pays interchange to the issuing bank which it recovers from the merchants through MDR Slide 21
22 Content Debit card ecosystem Card processes overview Revenue flow in the ecosystem Charges Slide 22
23 Network Charges Fee Categories Transaction Level Fees Service Level Fees Transaction level fees are charged to the members for processing their transactions through RuPay network The major transaction level fees are as follows: Authorization Fees Clearing & Settlement Fees Service level Fees are charged to the members for the different service offered by the scheme. These are usually fixed charges unrelated to transactions with the exception of assessment fees Membership fees Assessment Fees Training & certification Fees Network connectivity fees Audit & license Fees Slide 23
24 Transaction Level Charges Authorization Charges Charged at per transaction flat fee to its member banks for authorization The fees will be based on a tiered structure to encourage members to reach the slab with lowest fee Clearing and Settlement Charges Clearing and settlement fees to its customers for routing transactions through Network This will also be a per transaction fee Slide 24
25 Service Level Charges Assessment Fees Fees charged to the member bank quarterly for using Network brand. Monthly Administrative Fees It will a monthly fixed fees for all member banks Training Fees Network providing training to its members. Audit Fees Audit fees to its member Certification Fees Certification fees to it members Arbitration/compliance Fees The arbitration fees have been kept high to discourage member banks to file arbitration cases Slide 25
26 Thank you
UPCOMING 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 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 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 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 informationAuthorization 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 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 informationREGULATIONS for the processing of card payments.
REGULATIONS for the processing of card payments. Version: 3.2.1, November 2015 TABLE OF CONTENTS CONTENTS 1 Debit cards: Maestro and V PAY 3-6 1.1 Security features 3-4 1.1.1 Maestro 3 1.1.2 V PAY 4 1.1.3
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 informationAdvanced Card Payments Overview Dan Kramer
Advanced Card Payments Overview Dan Kramer Senior Vice President, SHAZAM Agenda PIN-Based Transactions Signature-Based Transactions EFT Regulations Tokenization PIN-Based Transactions Intra-Network PIN-Based
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 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 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 informationAustralia Post Load&Go China Card Short-Form Product Disclosure Statement
Australia Post Load&Go China Card Short-Form Product Disclosure Statement This Short-Form Product Disclosure Statement (Short-Form PDS) is dated 30 June 2017. This Short-Form PDS provides summary information
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 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 informationFee Information Document
Fee Information Document Name of the account provider: The Change Account Account name: The Change Account. Date: last updated September 2018 This document informs you about the fees for using the main
More informationApril 2018 Pass Through Fees. Information provided below is for the convience of the reader and may not include all fee from the Card Brands
Visa FACS North FDS North Omaha Memphis Rate Fee Definition Visa US Acquirer Service Fee (Assessment Fee) Debit Products Visa US Acquirer Service Fee (Assessment Fee) Credit Products FSC 274 FSC 244 FSC
More informationUnderstanding Merchant Pricing
Understanding Merchant Pricing Contents Pricing Structures... 3 Tiered Pricing... 3 Flat Rate Pricing:... 5 Cost Plus Pricing:... 6 Additional Resources... 7 Visa Interchange Fees Table... 8 MasterCard
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 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 informationReloadable Card. Cardholder Frequently Asked Questions. June 2014 R.FQ.S E
Reloadable Card Cardholder Frequently Asked Questions Reloadable Card (1) Where can I use my card? Your card may be used anywhere debit cards are accepted. The brand marks on your card indicate where the
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 informationOverdraft Privilege Disclosure
Overdraft Privilege Disclosure Overview of Overdraft Privilege Service Overdraft Privilege is a service which provides protection for your checking account. The service may be used to cover your eligible
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 informationCardholder FAQs
Cardholder FAQs 10.01.2018 How do I get a MyChoice Corporate Card? MyChoice Corporate Prepaid cards are only available through corporate invitation. If you work with an organization who offers this card
More informationUnderstanding Arbitration and Compliance Disputes. May 2014
Understanding Arbitration and Compliance Disputes May 2014 PRE-ARBITRATION/ARBITRATION MasterCard With MasterCard chargebacks, the issuing bank can initiate a second cycle chargeback if the cardholder
More information1.4 Cardholder means an individual who activates, receives and/or uses the Card.
The following terms and conditions govern your use of the MasterCard Prepaid Card. By signing or using the MasterCard Prepaid Card, you are agreeing to these terms and conditions. 1 DEFINITIONS 1.1 The
More informationIMPORTANT ACCOUNT INFORMATION FOR OUR CUSTOMERS from. The Tri-County Bank 106 N Main St Stuart, NE (402)
IMPORTANT ACCOUNT INFORMATION FOR OUR CUSTOMERS from The Tri-County Bank 106 N Main St Stuart, NE 68780 (402)924-3861 ELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES Indicated below are types
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 informationSUB-PART OF CONSUMER MEMBER ACCOUNT AGREEMENT EFFECTIVE OCTOBER 20, 2017
SUB-PART OF CONSUMER MEMBER ACCOUNT AGREEMENT EFFECTIVE OCTOBER 20, 2017 OVERDRAFT POLICY DISCLOSURE The Bethpage Overdraft Policy describes circumstances when we (the credit union) may, at our sole discretion,
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 informationTruRewards Terms and Conditions
TruRewards Terms and Conditions TruRewards ("Program") is a promotional incentive program offered by Banner Bank ("Issuer," "we," and "us") residents of the United States. Under the Program, you will earn
More informationTerms and Conditions including General explanatory information Information statement effective
NAB CREDIT CARDS Terms and Conditions including General explanatory information Information statement effective 07.11.2016 Lost/stolen card reporting In Australia Call toll free, 24 hours per day 1800
More informationChargeback Reason Code List - U.S.
AL Airline Transaction Dispute AP Automatic Payment AW Altered Amount CA Cash Advance Dispute CD Credit Posted as Card Sale CR Cancelled Reservation This chargeback occurs because of a dispute on an Airline
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 information2016 Transact24 Trading Limited
These terms and conditions ( Terms ) apply to Your T24 PayVault Prepaid Card. Please read these Terms carefully before You activate the Card. By activating the Card, You agree to these Terms. DEFINITIONS:
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 informationApril 2017 Discover Interchange Qualification Guide
April 2017 Discover Interchange Qualification Guide Discover categorizes interchange qualification into the following levels: Prime Submission Level (PSL) for Consumer Credit, Rewards, Premium and Debit
More informationFrequently Asked Questions
Frequently Asked Questions 1 TABLE OF CONTENTS 1. What is FOREX CARD? 2. What currencies can be loaded on FOREX CARD? 3. Do I need to apply for the card well in advance? 4. What documents do I need to
More informationUK Plastic Cards 2009 The Way We Pay
UK Plastic Cards 2009 The Way We Pay Plastic cards are the most popular non-cash payment method in the UK. They allow cardholders to pay for goods and services easily and conveniently, and provide a secure
More informationincrease your resistance How businesses providing lodging or accommodation can minimise the risk of losing money through chargebacks
increase your resistance How businesses providing lodging or accommodation can minimise the risk of losing money through chargebacks payment acceptance protect yourself We know that receiving a chargeback
More informationBusiness Vantage Visa Credit Card. Conditions of Use. Effective Date: 4 November 2016
Business Vantage Visa Credit Card Conditions of Use 1 Effective Date: 4 November 2016 Business Vantage Visa Conditions of Use Bank of Melbourne This document does not contain all the terms of this agreement
More informationIOB Multicurrency Prepaid Travel Card
IOB Multicurrency Prepaid Travel Card Get Better Exchange Rates than Traveler's Cheque and Currency Notes!!! TABLE OF CONTENTS 1. What is IOB Multi-Currency Preapid Travel Card? 3 2. What currencies can
More informationSage ERP I White Paper
I White Paper Credit Card Payment Processing: Making Sense of the Credit Card Industry How Integrated credit card processing with saves time, money and effort Table of Contents Introduction...3 Why Credit
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 informationLIST OF CONDITIONS FOR ENTERPRISES, MUNICIPALITIES AND BUSINESS ORGANISATIONS CREDIT CARD CONDITIONS
LIST OF CONDITIONS FOR ENTERPRISES, MUNICIPALITIES The present List of Conditions on s enters into force on the 13 th January 2018 and is valid until the disclosure of the next List of Conditions on s
More informationMERCHANT ACCOUNT INSTRUCTIONS
MERCHANT ACCOUNT INSTRUCTIONS Please open this applica;on using Adobe Reader so all fields read correctly Now that you re ready to get your account setup, please have all your personal, business and banking
More informationAddendum to NFS Operating and Settlement Guidelines (NFS-OSG) - JCB & UPI ATM Acquiring. Addendum to NFS-OSG for JCB & UPI ATM Acquiring
Addendum to NFS Operating and Settlement Guidelines (NFS-OSG) - JCB & UPI ATM Acquiring Version 1.1 Page 1 of 26 Document History Version Issue Date Author Reviewed by Approved by Revision History 1.0
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 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 informationBest Practices for Handling Retrievals and Chargebacks. Lodging
Best Practices for Handling Retrievals and Chargebacks Lodging January 30, 2018 Table of Contents Authorization Processing... 3 Transaction Processing... 3 Proper Disclosure... 4 Deterring Fraud... 4 VISA
More informationAdministration and Department Credit Card Policy
Administration and Department Credit Card Policy Updated February 29, 2016 CONTENTS Purpose PCI DSS Scope/Applicability Authority Securing Credit Card Data Policy Glossary Page 2 of 5 PURPOSE As a department
More informationPlease complete the attached Direct Deposit Authorization Form indicating your choice and return it to your manager.
Employee Packet PAPERLESS PAYROLL We are pleased to announce that we are moving to paperless payroll for all employees. In addition to being environmentally friendly, electronic payroll gives you faster
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 S.C. State Federal Credit Union. (State Credit Union, SCU and S.C.
More informationTERMS AND CONDITIONS FOR THE ISSUANCE AND USE OF A CORPORATE CARD
TERMS AND CONDITIONS FOR THE ISSUANCE AND USE OF A CORPORATE CARD Československá obchodná banka, a. s. (hereinafter simply the Bank ) in accordance with Act No. 492/2009 Coll. on payment services and on
More informationWelcome. Credit Card
Welcome Credit Card TABLE OF CONTENTS page 3 5-7 8 9 10-11 12-13 14 16-19 section Welcome Online Banking Account Access Make a Payment Rewards Security Digital Payments FAQs Welcome Your new MidFirst Bank
More informationMastercard Canada Interchange Programs
July 20, 2018 Mastercard Canada Interchange Programs As a Mastercard merchant, it s important for you to know the economic model that underlies payment card transactions. Although Mastercard interchange
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 informationPREPAID CARDHOLDER AGREEMENT
Toll Free Phone: 1-866-231-0373 Toll Free Fax: 1-403-451-3069 Web Site: www.dcbank.ca PREPAID CARDHOLDER AGREEMENT between DirectCash Bank ("DCBank"), and the "Cardholder" PREPAID CARDHOLDER AGREEMENT
More informationUSER GUIDE INSTRUCTIONS FOR USE AND TERMS AND CONDITIONS
USER GUIDE INSTRUCTIONS FOR USE AND TERMS AND CONDITIONS Mastercard and the Mastercard Brand Mark are registered trademarks of Mastercard International Incorporated. The EasyCard Prepaid Mastercard is
More informationd. ability to capture the identity of the trooper who runs the card.
C.1. Overview The State of Oklahoma Office of Management and Enterprise Services (OMES) Information Services Division (ISD) on behalf of The Oklahoma Department of Public Safety (DPS), is seeking bids
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 informationVERITAS Prepaid Mastercard. Terms and Conditions. Valid as of 30 th April 2018
VERITAS Prepaid Mastercard Terms and Conditions Valid as of 30 th April 2018 IMPORTANT INFORMATION: These are the terms & conditions of the agreement between us, Prepaid Financial Services Ltd, 5th Floor,
More informationEngage Current Account Terms & Conditions
Before we can open an account for you and issue you a card we may require evidence of your identity and residential address and we may also need to carry out checks on you electronically. 5. How do I get
More information2009 North49 Business Solutions Inc. All rights reserved.
2009 North49 Business Solutions Inc. All rights reserved. Paytelligence, Paytelligence logos, North49 Business Solutions, North49 Business Solutions logos, and all North49 Business Solutions product and
More informationGeneral Conditions for issuance and use of Visa Credit Cards with chip of Komercijalna Banka AD Skopje for individuals 1
General Conditions for issuance and use of Visa Credit Cards with chip of Komercijalna Banka AD Skopje for individuals 1 Basic and General Rules for issuance and use of Visa Credit Cards with chip of Komercijalna
More informationTRAVEL CARD PROGRAM POLICY AND PROCEDURES. West Chester University
TRAVEL CARD PROGRAM POLICY AND PROCEDURES West Chester University 201 Carter Drive, Suite 200 West Chester, PA 19383 PURPOSE To establish a methodology for use and define the limits of the West Chester
More informationTERMS & CONDITIONS FOR THE ISSUANCE AND USE OF A DEBIT CARD
TERMS & CONDITIONS FOR THE ISSUANCE AND USE OF A DEBIT CARD Československá obchodná banka, a. s. (hereinafter simply the Bank ) in accordance with Act No. 492/2009 Coll. on payment services and on the
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 informationHow To Not Get Taken By Payment Processors
business made easier How To Not Get Taken By Payment Processors Save Time and Money Get a Custom Quote in Under 2 Minutes www.inspivo.com 2 THE ULTIMATE GUIDE TO PAYMENTS. Owning a small business is a
More informationFNB Global Accounts. Terms & Conditions
FNB Global Accounts Terms & Conditions These Terms and Conditions must be read in conjunction with FNB Forex Terms and Conditions and FNB General Terms and Conditions that apply to your banking relationship
More informationPART I. SPECIFIC TERMS AND CONDITIONS GOVERNING DEBIT CARD
PART I. SPECIFIC TERMS AND CONDITIONS GOVERNING DEBIT CARD 1. Definitions 1.1 For purposes of Part I of these Terms: ATM means an automated teller machine or card operated machine or device whether belonging
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 informationProduct Disclosure Statement Australia Post Load&Go Travel Card
Product Disclosure Statement Australia Post Load&Go Travel Card INTRODUCTION About this Product Disclosure Statement This Product Disclosure Statement ( PDS ) is issued by Heritage Bank Limited ABN 32
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 informationFrequently Asked Questions Employees
Frequently Asked Questions Employees CARD ISSUING How do I obtain a TASC Card? You need do nothing. Once your employer elects the TASC Card feature, a card will be sent to you automatically at your address
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 informationGENERAL TERMS AND CONDITIONS FOR THE USE OF VISA AND/OR MASTERCARD CARDS
69, route d'esch L-2953 Luxembourg Tél. (+352) 4590-1 R.C.S. Luxembourg B-6307 BIC Code BILLLULL Name Identification Account GENERAL TERMS AND CONDITIONS FOR THE USE OF VISA AND/OR MASTERCARD CARDS DEFINITIONS
More informationTHE NEW WAY TO CARRY CURRENCY USER GUIDE
THE NEW WAY TO CARRY CURRENCY USER GUIDE Find out how to; USE YOUR CARD OVERSEAS MANAGE YOUR BUDGET RELOAD YOUR CARD AND MUCH MORE... Welcome to your new The Cash Passport is a traveller s card, issued
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 informationNetwork Updates Spring 2016
Network Updates Spring 2016 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
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 informationThomas Cook Borderless Prepaid Card Terms and Conditions
Thomas Cook Borderless Prepaid Card Terms and Conditions Multicurrency MasterCard Thomas Cook Borderless Prepaid Card Terms and Conditions By purchasing the Thomas Cook Borderless Prepaid Card, you confirm
More informationthink samba think samba World class banking solutions for the most important things in life
think samba World class banking solutions for the most important things in life think samba World class banking solutions for the most important things in life www.samba.com.pk, (+92-21) 1 1 1 1 SAMBA
More informationXXImo Program Card Conditions
IDT FINANCIAL SERVICES PREPAID CARD CONDITIONS XXIMO MOBILITY CARD PROGRAMME BELGIUM Card Conditions These Card Conditions apply to the use of the IDTFS Prepaid Cards by the Customer and all natural or
More informationInternational Prepaid Card. These are your International Prepaid Card Terms and Conditions.
International Prepaid Card These are your International Prepaid Card Terms and Conditions. "Agreement" means these Visa Prepaid Card Terms and Conditions."We" "us" and "our" refer to Service Credit Union.
More informationTerms and Conditions. Indian Rupee Travel Card
Terms and Conditions Indian Rupee Travel Card TERMS AND CONDITIONS FOR ICICI BANK INDIAN RUPEE TRAVEL CARD The following terms and conditions ( Terms and Conditions ) apply to the ICICI Bank Travel Card
More informationSCHEDULE OF FEES. Fee Type Details Fee Amount. Card will arrive within 7-10 business days. $4.95
SCHEDULE OF FEES We reserve the right to change the following Schedule of Fees and Transaction Limitations in our sole discretion and we will provide written notification to you of such change to the extent
More informationExample of Credit Card Agreement for Bank of America Visa Signature accounts
Example of Credit Card Agreement for Bank of America Visa Signature accounts This information is accurate as of December 31, 2017. This credit card program is issued and administered by Bank of America,
More informationCard: State Bank Vishwa Yatra Foreign Travel Card, issued to the customers by State Bank Group in association with VISA International
Terms & Conditions Definitions Bank: State Bank of India Card: State Bank Vishwa Yatra Foreign Travel Card, issued to the customers by State Bank Group in association with VISA International Add-on Card:
More informationIt s very easy. Visit any of our below mentioned Branch outlets and get one by fulfilling all the required criteria.
PRIME INTERNATIONAL TRAVEL CARD: International Travel card is a prepaid card which can be issued to dollar accounts which are opened by bank itself. The cards issued are valid for a period of one year.
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 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 informationCustomer Protection Policy (Unauthorized Electronic Banking Transactions)
Customer Protection Policy (Unauthorized Electronic Banking Transactions) Customer Protection Policy Electronic Banking Transactions Page 1 of 12 1) Introduction: PMC Bank is committed to provide superior
More informationMERCHANT MEMBER PACKAGE AGREEMENT & APPLICATION
MERCHANT MEMBER PACKAGE AGREEMENT & APPLICATION Vantage Card Services, Inc. 2230 Towne Lake Parkway Building 400, Suite 110 Woodstock, GA 30189 (800) 397-2380 (770) 928-5688 Fax (770) 928-9328 www.vantagecard.com
More informationBANK OF CHINA (MALAYSIA) BERHAD GREAT WALL INTERNATIONAL DEBIT CARD TERMS AND CONDITIONS GOVERNING THE USE OF BOCM DEBIT CARD
BANK OF CHINA (MALAYSIA) BERHAD GREAT WALL INTERNATIONAL DEBIT CARD TERMS AND CONDITIONS GOVERNING THE USE OF BOCM DEBIT CARD This Terms and Conditions govern the operation and your use of the BOCM Great
More informationInternational Prepaid Card. These are your International Prepaid Card Terms and Conditions.
International Prepaid Card These are your International Prepaid Card Terms and Conditions. "Agreement" means these Visa Prepaid Card Terms and Conditions."We" "us" and "our" refer to Andrews Federal Credit
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 informationElectronic Payments: The Winds of Change, A Call to Action. Will 2011 Be An Eventful Year in the History of Payment Card Security?
Electronic Payments: The Winds of Change, A Call to Action Will 2011 Be An Eventful Year in the History of Payment Card Security? 1 Presenter W. Stephen Cannon, Chairman, Constantine Cannon LLP Former
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 information