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
  • English

Upcoming sessions

Date Location Language Instructor
20 Jan 2020 09:00 Dubai, UAE English Natalia Grant-Ross Enroll now
11 Feb 2020 09:00 Paris, France

Delivered in French

Natalia Grant-Ross Enroll now
16 Mar 2020 09:00 Belgrade, Serbia English Enroll now
20 May 2020 09:00 Moscow, Russian Federation


Natalia Grant-Ross Enroll now
20 Jul 2020 09:00 Johannesburg, South Africa English Loren Franklin Enroll now
21 Jul 2020 09:00 Warsaw, Poland English Natalia Grant-Ross Enroll now
18 Aug 2020 09:00 Casablanca, Morocco

Delivered in English but with simultaneous french translation

Natalia Grant-Ross Enroll now

VisaNet Financial Management

It is a very useful workshop which helped me to understand the whole process and answered my needs in this particular sphere.

- Senior Specialist, Russia

Maximizing the Value of VisaNet

Everyone who works in technical department of PC (processing centre) or bank (customer support) should visit this seminar.

- Chief of Administration Department, Russia

Visa First

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

- Head of Business Development Division, Kazakhstan