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Home > Solutions > Transaction Processing > Clearing and Settlement

Clearing and Settlement

We offer a complete Clearing and Settlement payment processing solution that securely and accurately validates, transmits and delivers payments on behalf of you and your merchants.

All phases of your Clearing and Settlement operations are streamlined, including:

Merchant Funding
Pricing and Billing
Statements
Reporting

TSYS Acquiring Solutions has a proven track record of swiftly and successfully implementing card brand enhancements. Our finely tuned interchange qualification process ensures you receive optimal profitability.

You select the Clearing and Settlement components that meet your unique business needs. Our system adapts to your business, empowering you to proactively manage and grow your merchant business for optimal results.

Merchant Funding

Our robust funding process allows you to control where and when files are delivered and gives you numerous funding options, including client-defined window cuts and suspense funding. In addition, our dynamic funding capability allows merchant funds to be distributed into multiple Demand Deposit Accounts (DDAs).

Pricing and Billing

The Clearing and Settlement system bills merchants and generates profitability reporting based on calculations from multiple components and information from merchant files. The reporting provides a clear picture of the profitability of each merchant account, association, group and your portfolios as a whole.

Pricing

Discount
Discount or variable rate tables provide the flexibility to assess either a fixed or variable discount rate, utilizing percentage, per item and flat rates. Fixed discount can be collected on a daily or monthly basis.

Billing Element Tables (BET)
Track expenses and generate fees for your merchant base, with the flexibility of utilizing over 350 billing items. You define start and end dates, frequency and the fee description for the merchant statement.

Charge Records
Charge records house any fees specific to an individual merchant account. You define start and end dates, frequency and the fee description for the merchant statement.

Merchant Billing
Merchant Billing capabilities deliver unparalleled pricing flexibility for online debit and Electronic Benefits Transfer (EBT) transactions.

Billing

Our efficient, controlled payment processing ensures acquirers are paid accurately and on time. Discount and interchange can be calculated and collected on a daily basis for greater manageability of fees and expenses.

Statements

Clearing and Settlement offers both Merchant and Chain Summary statements, with many robust customization and messaging alternatives:

Customize layout and design
Truncate sensitive data
Insert graphics and logos
Add charts and graphs
Add new information not included in the standard statement
Differentiate custom options at various hierarchy levels

In addition, you may take advantage of advanced messaging and insert options, utilizing a wide array of criterion for targeting.

Statements are available in printed form, by electronic transmission or via online viewing for both acquirers and merchants.

For more information, please contact your client relations representative or our sales department at (480) 333-7799 or e-mail: acq-sales@tsys.com.



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