02 — Capability · BC-1730
Payments & Cards
Move money for customers accurately, securely and on time over batch, real-time, wire and card rails, issue and run cards, accept card payments for merchants, and resolve the disputes that follow. An enterprise paying its own suppliers and staff is treasury and payables, not this capability.
- Payment Services
- Payments Processing
- Cards and Payments
- Money Movement
In scope
- Payment initiation, validation and routing on every rail
- Clearing, settlement and payment reconciliation
- Card issuing, authorization and merchant acquiring
- Payment and card disputes, returns and chargebacks
Out of scope
- An enterprise paying its own bills and managing bank relationships (see BC-230.40)
- Paying suppliers as part of accounts payable (see BC-260.20)
- Fraud detection on payments and cards (see BC-1770.40)
- Sanctions screening of payment messages (see BC-1770.30)
Realized by · 0
- No product in the catalog yet.
Used in · 7
- Apply-to-Account · 04 Fund & Set Up Services via BC-1730.10
- Application-to-Funding · 04 Fund via BC-1730.10
- Payment-to-Settlement · 01 Initiate & Validate via BC-1730.10
- Payment-to-Settlement · 02 Screen & Authorize via BC-1730.40
- Payment-to-Settlement · 03 Clear via BC-1730.20
- Payment-to-Settlement · 04 Settle via BC-1730.20
- Payment-to-Settlement · 05 Reconcile & Resolve via BC-1730.20
Build it · 0
- Nothing in the library points here yet.
Decomposes into · 6
- BC-1730.10Payment Initiation & ProcessingAccept payment instructions from every channel, check and repair them, and route each to the cheapest rail that meets its deadline. Clearing with other banks and the rail-specific handling of wires and instant payments are separate capabilities.
- BC-1730.20Clearing & SettlementExchange payments with other banks through clearing systems, settle the net or gross amounts owed, and prove that every payment sent and received has been settled and booked. Handling the enterprise's own bank statements is treasury.
- BC-1730.30High-Value, Instant & Cross-Border PaymentsMove high-value, instant and international payments within seconds or the same day, with the correspondent relationships and currency handling that cross-border payments need. Batch payments and card payments are handled elsewhere.
- BC-1730.40Card Issuing & ProcessingIssue debit, credit and prepaid cards, approve or decline every card transaction in real time, and bill and service cardholder accounts. Accepting cards on behalf of merchants is acquiring.
- BC-1730.50Merchant AcquiringLet merchants accept card and other electronic payments, sign them up with the right risk checks, carry their transactions to the networks and pay them what they are owed. Shops taking payments for their own orders are not acquirers.
- BC-1730.60Payment Disputes & ChargebacksResolve customer claims that a payment was unauthorized, wrong or not as promised, inside the time limits that card schemes and payment rules set, through intake, provisional credit, chargeback and recall. Fraud investigation, scam reimbursement decisions and fraud loss recording belong to fraud detection and prevention.