Clearing System Overview

Visa clears transactions every day, seven days a week. In this webcast, we’ll be covering the definition of “clearing” and some related terminology, and we’ll talk about how a transaction gets cleared. The bulk of the presentation consists of a comprehensive overview of the main functions performed by Visa via BASE II, and by the Visa client using the Edit Package. This course is included in the Maximizing the Value of VisaNet bundled course.

1 course, 40 minutes, 6 month unlimited access after purchase.

Key Topics:

  • What is Clearing?: Here we go over the collection of data used in the clearing process and discuss key terms related to interchange.
  • Clearing Processing Steps: This segment discusses the process flow during clearing from the acquirer to the edit package to Visa for processing by BASE II.
  • BASE II Functions: Learn about how BASE II processes interchange files and clears transactions, then delivers a file to every client bank.
  • Edit Package Functions: In this section the instructor goes into detail about the Edit Package, optimizing the clearing process, outgoing and incoming runs, and duplicate and returned items—finishing up with some valuable best practices for using Edit Package reports.

Who Should View

  • Card center managers and staff with at least two years of experience
  • Individuals responsible for authorization services
  • Team members from operations, risk management, or customer service

Course Details:

Course Value: Login to view
  • English
Enroll now

Fundamentals of Visa Business

The workshop was well prepared and the instructor is very nice. It helps me to learn what Visa is and how the industry works.

- Business Development Manager, China

Maximizing the Value of VisaNet

The workshop has been very organized, clear and specific, with examples that clearly illustrated the subject.

- Development Analyst, Peru

Maximizing the Value of VisaNet

All relevant staff must attend.

- Chargeback Manager, Egypt