DPS Payment Account Solutions

Your institution is responsible for establishing the processes and procedures required to support its funding methods, which is handled outside the DPS Payment Account Solutions.

For system reporting purposes and to help manage your card program’s centralized funds pool, you must communicate loads and funding for your cards via one of these methods:

• APIs
• Administrative Portal
• CSV Bulk Upload
• Batch file

Funding options performed and processed directly by your financial institution must be reported to DPS Payment Account Solutions.

These funding options include:

• Cash
• Check
• Credit/debit
• Company account

This category includes all Visa and Mastercard funded transactions. They are comprised of all on-us load transactions routed directly to your host processor for authorization as well as all Visa and Mastercard purchases routed through the Visa or Mastercard network for authorization.

Non-On-us Funding - Included in this category of merchant gateway funding are all card purchase transactions that route through the Visa or Mastercard network for authorization, and do not qualify for Visa on-us routing. Transaction types seen in this settlement type include:

• Visa Debit/Credit
• Mastercard Debit/Credit

For these types of card purchases, the merchant acquirer is responsible for settling funds with your institution. Visa submits authorizations to Visa for routing to the appropriate Visa or Mastercard issuer and a daily file of approved transactions to the merchant acquirer for funds movement.

In your role as the merchant, you must manage these items on a daily basis:

• Total dollar amount credited to or debited from accounts as a result of a load or
• merchant adjustment transaction. This amount should be credited to or debited from your
• Centralized Funds Pool.
• Total dollar amount settled with your institution through your merchant account. Total dollar amount of settled transaction fees charged by the merchant acquirer.

Funding transactions are settled within one to three days after the authorization is performed and posted to the accounts.

On-us Funding - Visa on-us load transactions occur when consumer purchases are routed directly to your host processor for authorization, by-passing network involvement Transaction types seen in this settlement type include:

• Visa Debit/Credit card issued by your institution and processed by Visa
• Checking account transfer
• Savings account transfer
• Credit account transfer

Visa settles these transactions with your institution as part of the normal daily transaction settlement process. Offset debit and credit funds movement is provided between your DPS wire and your Visa standard wire.

Your institution can provide a list of BINs issued by your institution to be stored on the Visa DPS Payment Account Solution system and checked against each purchase transaction. By identifying on-us funding, you can choose to charge a discounted fee when consumers purchase cards using funding accounts or card numbers issued by your institution

ACH deposits are a primary mechanism used to fund accounts. A batch interface between Visa and the issuer is required to support ACH deposits.

You can also use this mechanism to:

• Accept file transmissions from the ACH Network via the issuer
• Submit reject and return files to the ACH Network
• Unload funds to a DDA or SAV account via an ACH credit entry

The originator of the deposit or credit creates the entry and sends the request for the credit or the debit to the receiver’s account. The financial institution, in turn, receives the file from the Federal Reserve or corporate client, differentiating the transaction to be routed to Visa using either the RTN and/or the account prefix, ACH credits can be delivered up to two banking days prior to the settlement date. The Receiving Depository Financial Institution (RDFI) must be able to take these entries as received and warehouse them until the funds are made available.

DPS Payment Account Solutions supports the ability to display and identify ACH deposits received with a future effective date, allowing for the servicing of cardholders seeking information about when ACH loads will be available on their account.

You can configure the ability to limit incoming ACH funding loads to only those approved funding sources identified for your program. Settlement is the actual transfer of the value of funds between financial institutions to complete the payment instruction of an ACH entry. The Federal Reserve provides settlement services for ACH entries processed by the Federal Reserve and for private sector ACH Operators that process ACH entries. The Federal Reserve ACH Operator calculates the net credit and debit positions of financial institutions and applies those credits or debits to the reserve accounts of the financial institutions that are maintained on the books of the Federal Reserve.

Funding mechanisms grouped under the Point-of-Sale (POS) category include Visa ReadyLink and the Green Dot Reload Network (GDRN).

• Visa ReadyLink: Provides consumers with the ability to activate and/or load cards at any participating retail POS terminal. Consumers can activate and load or reload cards from any participating merchant location in the Visa ReadyLink load network.
• Green Dot Reload Network (GDRN): Provides cardholders the ability to reload through the Green Dot Reload Network (GDRN), which Visa DPS can configure for reloadable card programs.

The Visa Direct service provides a way for consumers to send and receive money as well as to transfer funds between accounts. Configurable tools such as Watch List Scoring and Velocity Limit checking are also provided for managing the authorization decisions required for these transactions.