How Visa Settlement Works
Once transactions have cleared—whether through BASE II or SMS—the next job of VisaNet is to calculate net settlement and process the exchange of funds between Visa clients. This webcast covers processing, funds transfer logistics, VisaNet Settlement Service (VSS) options, and settlement system hierarchies, including settlement relationships and reporting levels. This course is included in the Maximizing the Value of VisaNet bundled course.
1 course, 20 minutes, 6 month unlimited access after purchase.
- Settlement System Overview: In this segment we’ll go over the Visa settlement process, funds transfer logistics, transfer timetable, and VisaNet Settlement Service (VSS) offerings and options.
- Settlement System Hierarchies: Once we’re clear what settlement is and how it works, we’ll review settlement relationships and reporting hierarchies, the role of a Settlement Reporting Entity (SRE) within a hierarchy, and types of settlement hierarchies.
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