Visa DPS helps you simplify your settlement process by providing a single settlement position for all of your ATM, debit, credit, and prepaid card activity—reducing the time, cost, and hassle of managing and settling to multiple network connections each banking business day.
Each day at 8:00 AM Mountain Time, Visa DPS determines a single net-settlement position for all of the transaction-based activity on all of the networks to which you are linked. Following the Federal Reserve Bank schedule, we'll initiate a single wire transfer to or from your financial institution to satisfy your daily settlement obligation. Settlement dollars for non-business days are included in settlement on the next banking business day.
Interchange fees for Visa, Interlink, and Plus transactions (credit and debit) are paid to issuers each day as part of their wire transfer positions. Other interchange fees for ATM and POS networks are collected and paid at the end of each month and are included in your Visa DPS invoice.
Choose Visa DPS for your settlement services and you'll reduce back-office costs by eliminating the need to track individual positions with multiple networks across varying network cutoff times. With Visa DPS Settlement Services, you get:
These comprehensive reports facilitate your financial institution's daily settlement and reconciliation process. Settlement report subtotals are configured to meet your financial institution's needs and are available by device and/or any grouping of devices (e.g., terminals can be grouped by state, geographic region, or merchant/business partner).
Depending on the products Visa DPS processes for you, you may require all or some of these reports to balance to the daily wire:
Visa DPS provides a single settlement position that eliminates the need to track your individual positions with multiple networks across varying network cutoff times, so you can lower administrative expenses. You'll also be able to:
Regardless of the number of ATM and POS networks in which you participate, your organization can minimize the time staff spends on the settlement process.
Because all approved exception items are integrated into your daily settlement, reducing the labor involved in exception item processing.
A single set of daily settlement reports for all ATM and POS network activity makes it easier to understand and manage your network links. A raw data file is also available for reconciliation to your host system. Timely distribution of our settlement files and reports is the highest priority of our batch processing system.
Contact us to draw on our more than 18 years of high-volume processing.
Download these Quick Reference Guides to discover which Visa DPS solutions fit your business needs.
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