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 common data repository. Common data repository is shared transaction storage (data pool) that supports all services and systems that requires transaction information for normal operations (such as chargeback system, fraud management system, etc), and allows creating extended reporting functionalities.

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

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