Creating a successful financial management system is essential for running a profitable payments business. During this two-day virtual course (three hours per day), you’ll discover the key aspects of conducting settlement through the VisaNet Settlement Service (VSS).

You’ll begin the course by discussing how a better understanding of the settlement process and available VSS tools can improve your financial performance. You’ll receive guidance and best practices on the VSS functions and will also gain a stronger comprehension of Interchange Reimbursement Fees (IRF) and Visa charges associated with international transactions. 

You’ll then explore the default reporting solutions, where you’ll learn how to make your own choices and tailor settlement reporting to suit the requirements of your organization. You’ll explore examples how you can customize settlement hierarchies and receive recommendations on how to use the Edit Package, VSS reports and other available information for reconciliation.

Through group activities and case studies, you’ll gain practical experience in interpreting VSS reports and calculating IRF. You’ll emerge from this course with an appreciation of the financial importance of an efficient settlement process.