Multi-currency Settlement for Visa

This feature is exclusive for Visa multi-currency settlement, and must be set up and enabled on both Visa systems and your Thredd account.

Multi-currency Settlement refers to the capability of an issuer to settle transactions with Visa in multiple currencies. You can select from over 20 settlement currencies offered by Visa and assign one as the "default" currency for transactions conducted in a currency not set up for your BIN.

If you have enabled Visa Multi-currency settlement, then Thredd can provide access to Visa's multi-currency settlement data (including clearing and settlement amounts).

How it works

• Visa provides daily FX rates for the 180+ global currencies that are used within VisaNet to authorise and settle transactions. For more information, see developer.visa.com: Foreign Exchange Rates

• Visa provides two currencies in their clearing files: Source Currency and Destination Currency. For the majority of transactions these correspond to the Transaction Currency and Billing Currency amounts reported in the External Host Interface (EHI) messages and global transaction Clearing Reports (CLR) .

• For most issuer programmes the Billing Currency is the same as Settlement Currency. However, if Visa Multi-Currency Settlement is set up on your BINs and enabled on Thredd systems for your card programme, then the settlement currency can differ from the billing currency.

• Thredd provides a per-transaction calculated settlement amount and currency code, integrated into existing reports and interfaces (e.g., EHI, Thredd Portal, Smart Client, global transaction Clearing Reports).

For more information, see the Multi-currency Settlement Reporting for Visa product sheet.