Intermediate Operations: Settlement (features content previously included in VisaNet Financial Management)

Creating a successful financial management system is essential for running a profitable payments business. During this two-day virtual course (three hours per day), you’ll discover the key aspects of conducting settlement through the VisaNet Settlement Service (VSS).

You’ll begin the course by discussing how a better understanding of the settlement process and available VSS tools can improve your financial performance. You’ll receive guidance and best practices on the VSS functions and will also gain a stronger comprehension of Interchange Reimbursement Fees (IRF) and Visa charges associated with international transactions. 

You’ll then explore the default reporting solutions, where you’ll learn how to make your own choices and tailor settlement reporting to suit the requirements of your organization. You’ll explore examples how you can customize settlement hierarchies and receive recommendations on how to use the Edit Package, VSS reports and other available information for reconciliation.

Through group activities and case studies, you’ll gain practical experience in interpreting VSS reports and calculating IRF. You’ll emerge from this course with an appreciation of the financial importance of an efficient settlement process.

 

Key topics:

  • VisaNet Settlement Service (VSS) functions
    • Settlement position calculation (including Interchange Reimbursement Fees and Visa charges)
    • Funds transfer
  • VSS reporting reconciliation
    • Settlement reporting hierarchies
    • Settlement reports
    • Reconciliation process
  • Visa resources

 

Who should attend:

  • Staff who are in the clearing and settlement departments and who are familiar with BASE II processing, VisaNet Settlement Service (VSS) 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 payments business

Important notes:

  • All course sessions are listed in Pacific Time (PT).  To convert to your time zone, click the clock icon next to the session listing.
  • Pre-work and daily work will be provided for you to download.
  • Enrollment closes one business day prior to the session start date for virtual courses. You will not be able to enroll in a virtual course on the day of the session.

This course is eligible for our early bird discount.


Course Details:

Course Value: Login to view
Language
  • English

Upcoming sessions

There are currently no sessions planned.

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

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

- Chief of Administration Department, Russia