Clearing & Settlement provides full incoming and outgoing C&S functionalities for Visa Base II, MasterCard IPM and American Express GNS interfaces.

This support includes:

• Visa Base II format
• MasterCard IPM format
• American Express GNS format

Clearing and settlement services are organized around a common data repository. The common data repository is a shared transaction storage (data pool) that supports all services and systems that require transaction information for normal operations (such as chargeback system, fraud management system, etc), and allows the creation of extended reporting functionalities.

Transactions from all incoming files are loaded into the common data repository, making them available to all relevant services and systems. The transactions are loaded into a single data scheme regardless of the actual data source, simplifying the implementation of any functionality using the common data repository.

Outgoing transactions are first loaded into the common data repository from a single or multiple transaction sources, respecting the common data repository scheme. The clearing and settlement service generates outgoing files according to the transactions loaded to data pool.