Cards and Payments | Part - 10 | Understanding Clearing and Settlement Systems

#payments #cards #paymentnetworks #clearing #settlement #acquirerprocessor

Hi All,

In this video we will discuss about the clearing and the settlement process which is one of the core functional areas in the cards and payments processing.

Clearing and Settlement processes follow the authorisation process .I had already explained the authorization process before so please see that video first to achieve maximum benefit from this video.

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Twitter: @saurabhkhandel

Post Production and Video Editing : Divya Khandelwal , My Wife :)

[youtube-admin]

I joined an organisation which is into card payments. unfortunately, nobody in the organisation helped me with the payments basics. your videos are helpful ❤

[IcarianX]

This is one of the clearest tutorial on clearance and settlement that I've seen. You're a very good teacher, thanks for the video!

[mehtasaloni]

Very clear and concise explanation with good visual diagrams to understand concepts!

[mjpm]

You, my friend, are a legend. Much love.

[naga]

Exceptional Payments videos and do add more indepth as well ....

[gosayezenebebeyene]

An other interesting Topic thank you Saurabh for giving us your time.

[Jenny-xcpt]

This video is quite useful. It would be helpful if we can have video around different types of clearing systems used in payments transaction.

[JeromeGSherman]

Thank you. You cleared up some things for me. Awesome.

[bondahimaja]

CSM will come in to the picture incase of ordering party and counterparty are from different banks right

If the ordering and counterparty are from same bank there will be no csm right

Is my understanding correct??

[mariustudorache]

When C makes 100 USD payment to M, until settlement what happens with the amount 100 USD?

C will see his card' account debited, nevertheless according to you, until settlement the amount will not be transferred to M'bank So, at the moment when C pays, 100 USD are on hold on C' account or real time debited from C' account (in this case where are kept 100 USD until settlement time)?

Thanks!

[raj-dfdf]

Sir, I have a doubt...when we make payment money is debited instantly from account and credited to merchant account.whose account is debited now..acquirer or customer..if it is customer how settlement and clearing process works here

[rmoonesawmy]

Sir, what is the difference btw AFT and sales transaction. Means can a business do AFT and if you can give an example of a business pls. Thanks

[venkatndadi]

Excellent explanation... really awesome. would you please mentor me...

[pavani]

Sir, do you take any online sessions?