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Clearing and Settlement Policy Template

(3 customer reviews)

$59.00

This policy outlines the scalable procedures for interbank clearing and settlement management. Integral to the organization’s Payment Solution, it covers multiple channels like ATM, POS, Mobile, Internet, and more. It emphasizes secure, efficient transaction processing, catering to various card payment types and ensuring compliance with major electronic payment networks. Transactions from diverse sources, including international and national electronic payment networks, are processed under this comprehensive framework.

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Description

Introducing the Clearing and Settlement Policy Template: your efficient and proven framework for mastering interbank clearing and settlement activities.

The Clearing and Settlement Policy is a proven and scalable solution for interbank clearing and the management of settlements.

The policy manages various types of interbank agreements, including bilateral, national, regional, and international, while prioritizing highly secure and effective communication with national and international clearing networks.

The Clearing and Settlement Policy is an integral part of the overall payment solution provided by the organization.

The organization’s comprehensive suite of modular and reliable multi-channel payment solutions, known as the Payment Solution, covers various channels such as ATM, POS, Mobile, Internet, IVR, and Branch.

The Payment Solution encompasses the entire e-payment processing value chain, facilitating efficient management of issuing and acquiring activities in a multi-bank, multi-currency, multi-application, multi-card, and

multi-protocol environment. It supports various types of card-based payments, including debit, credit, prepaid, m-wallet, money transfer, and e-purse.

The Payment Solution adheres to the latest industry standards and regulations, ensuring compliance and providing a secure and reliable payment processing environment.

The Clearing and Settlement Policy encompasses the management of financial and administrative transaction processing for clearing and settlement purposes. 
 
Under this policy, all financial and administrative transactions are received, whether manually keyed by the bank or presented by other acquirers for settlement. 
 
The policy emphasizes compliance with international rules and regulations, including certifications from major electronic payment networks such as Visa, MasterCard, AmericanExpress, Diner’s, and JCB.
The clearing & settlement is destined to card issuers and acquirers, and tailored to process  transactions from different sources: 
ATM Front Office, 
POS Front Office, 
Internet gateways, 
Visa International Incoming files, 
MasterCard International Incoming files, 
American Express Incoming files 
Diner’s files Incoming  
JCB files are Incoming, 
National fellows Incoming files. 

3 reviews for Clearing and Settlement Policy Template

  1. Andre King, Fintech Program Manager (verified owner) –

    In the world of electronic payments, having a clear and secure policy is paramount. This template nails it on both fronts, offering clarity on everything from ATM to Mobile channels. It’s a must-have for any fintech program looking to up their game.

    1 product

  2. Rajiv Desai, Program Manager, UniPay Systems (verified owner) –

    The template’s comprehensive approach to transaction processing and its emphasis on compliance were standout features. It streamlined our approach, although a bit more customization options would’ve been the cherry on top.

    1 product

  3. Elena Martinez, Fintech Founder, PayTech Solutions (verified owner) –

    As someone in the initial stages of building a fintech startup, the Clearing and Settlement Policy Template provided a robust foundation. The focus on multiple channels and transaction sources gave us a head-start in defining our own processes. Well worth the investment.

    1 product
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