VisaNet Financial Management
An efficient clearing and settlement process can have a positive impact on the financial health of your organization. This 3-day course delivers guidance and best practices on processing financial information and reconciliations using BASE II, Edit Package, and the VisaNet Settlement Service (VSS). The course will help you identify the areas in the clearing process where errors can occur and explain how to handle the process properly. You will also gain a stronger understanding of currency conversion, Interchange Reimbursement Fees, and the charges associated with international transactions. You will see how to interpret monthly invoices and complete the Quarterly Operating Certificate. The group exercises and case studies will give you practical experience in efficient processing of BASE II files, interpreting VSS reports, as well as performing currency conversion and calculation of fees and charges.
By the end of the course you will appreciate the financial importance of an efficient clearing and settlement process.
3 day workshop
Day One Topics
Overview of the Clearing System
Optimizing the clearing process
Selecting the Edit Package Run Control Options
Day Two Topics
Edit Package Demonstration
Overview of the Settlement System
Interchange Reimbursement Fees
Day three Topics
Settlement Reporting Hierarchies
Settlement Reports and Reconciliation Process
Visa Charges and Visa online Invoice Portal (VOIP)
Quarterly Operating Certificates
Who Should Attend
Staff who are in the Clearing and Settlement departments and who are familiar with BASE II processing, VSS reports and reconciliation and Visa Charges (minimum of six month’s experience is ideal)
Card Center Managers
Staff who are responsible for financial management and reconciliation for payment business
There are currently no sessions planned.