Download - Visa Net
Visa Compliance-Sivashankar
VisaNET
Why Compliance?
Spectrum - Visa Compliance process
Spectrum -Visa interchange processing
Agenda
VisaNet is the Visa transaction processing network.
VisaNet supports Purchase, cash, and bill payment transactions Recurring payment transactions, as well as prepaid card transactions ATM transactions, Purchase and cash transactions made with other private-label and proprietary cards.
VisaNet
Authorization
Clearing
Settlement
VisaNet Services
Transactions can be authorized, cleared, and settled either as dual-message or single-message transactions
A dual-message transaction is sent twice, the first time with only the information needed for an authorization decision, and again later with additional information required for clearing and settlement. Typically, authorization is performed online while clearing and settlement occur later offline.
A single-message transaction is sent once for authorization and contains clearing and settlement information as well as authorization information. These transactions are also called “full financial” transactions. Typically, authorization and clearing occur online, while settlement occurs later offline.
Dual Message and Single Message System
VisaNET COMPONENTS
Acquirer Processing center
VAP
VIC
VAP Issuer processing center
The main components of VisaNet are:
VisaNet Interchange Centers (VICs). VisaNet Access Points (VAPs) and other network connections. Processing centers.
VisaNet Communication Flows
Processing center
Processing center
VIC
VIC VIC
VIC
The VICs house the following VisaNet systems that provide both online and offline transaction processing:
The VisaNet Integrated Payment (V.I.P.) System, which includes the BASE I System and the Single Message System (SMS).
The BASE II System.
The VisaNet Settlement Service (VSS).
VisaNet Systems
VisaNet Systems
AABASE I
BASE II
VisaNet Settlement Service(VSS)
Single Message System (SMS)
Authorization
Clearing
Settlement
VisaNet Transaction flow
POS
ATM
Acquirer VisaNet Issuer
Request
Response
Once in 6 months Visa will enhance their transaction processing facility to support new products and to provide a better transaction processing facility to all the member banks.
All the member banks of Visa must comply with changes which Visa announces.
Release date Will be in the month of April and October
Why Visa Compliance?
Spectrum is a issuing processing system Spectrum clients are members of Visa so they have to comply with Visa
regulations. HP commercial cards services representative (BA) will be attending the
Webinar hosted by Visa to understand the business enhancements made by Visa.
BA will create requirement document and schedules a BD review meeting Spectrum cards processing system uses Guidance product for
authorizations hence the changes related to BASE I will be taken care by Guidance team
Spectrum IA’s need to research the impacts of BASE II changes and enhance Spectrum system accordingly.
Spectrum- Visa Compliance Process
To Be Continued…