5 docs tagged with "clearing"

Complete guide to Australia's BECS Direct Entry (DE) system — file formats, transaction codes, timing windows, return codes, settlement, and engineering patterns.

Comprehensive principal engineering guide to card transaction processing models (SMS vs DMS), clearing file formats (Visa BASE II, Mastercard IPM), Merchant Discount Rate (MDR) economics, and Interchange++ vs Blended pricing.

How clearing works in Australian and global payment systems — DNS vs RTGS, batch netting, BECS clearing cycles, AusPayNet rules, and intraday liquidity implications.

How correspondent banking works — Nostro/Vostro/Loro accounts, routing chains, SWIFT messaging, de-risking, and the role of correspondents in cross-border payments.

Deep architectural guide to off-us transaction processing in banking, the 4-corner payment model, clearing vs settlement mechanics, DNS vs RTGS liquidity models, and resilient interbank gateway design.