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 reconciliations using BASE II, Edit Package, and the VisaNet Settlement Service (VSS).  This course will help you identify the areas in the clearing process where errors can occur and how to handle the process properly.  You will also gain a stronger understanding of currency conversions, interchange reimbursement fees, and the fees associated with international transactions.  You will see how to interpret monthly invoices and complete quarterly operating certificate. The group exercises and case studies will give you practical experience in correcting and rerunning files as well as calculating currency and fees. 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
  • Correcting Transactions Rejected by the Edit Package
  • Checking Outgoing Files processed by BASE II
  • Handling Rejected BASE II Files
  • Re-running BASE II Files through the Edit Package
  • Minimizing BASE II Returned Transactions
  • Minimizing Duplicate Files
  • Optimizing the Edit Package Run Control Options

Day Two Topics

  • Edit Package Demonstration
  • Currency Conversion
  • Overview of the Settlement System
  • Interchange Reimbursement Fees
  • Settlement Reporting Hierarchies

Day Three Topics

  • Settlement Reports and Reconciliation Process
  • Visa Fees and Charges and Online Member Invoice (OMI)
  • Quarterly Operating Certificates
  • Visa Documentation

Who Should Attend

  • Staff who are in the Clearing and Settlement departments and who are familiar with VSS reports 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

Course Details:

Course Value: Login to view
Language
  • English

Upcoming sessions

Date Location Language Instructor
09 Apr 2019 09:00 Moscow, Russian Federation

Delivered in Russian

Natalia Grant-Ross Enroll now

Visa First

This is a very useful and necessary workshop and the knowledge must be used in practice.

- Head of Business Development Division, Kazakhstan

Maximizing the Value of VisaNet

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

- Development Analyst, Peru

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