| Euronet Integrated Debit Card Solution
Built for flexibility, IDCS is a comprehensive debit card solution that allows institutions to offer online debit card processing. Transactions are authorized using the most current available balances on the bank's host. By performing online authorizations, the risk of loss of funds due to closed accounts and NSF conditions is eliminated. Online transaction processing provides hold processing or memo posting, a feature that allows online teller systems to see that ATM and POS transactions have occurred.
Benefits
- Fully integrated with Euronet's ITM
- Multilingual
- Multicurrency
- Cost-effective
- Easy to implement
Features & Functions
- Online transaction authorization
- Off-line transaction authorization
- Online/off-line card issuing
- Detail reporting
- Definition of card limits
- Address verification name support
- Online "hot" carding
- Memo posting
- Funds loss reduction
Transaction Authorization
As debit transactions are received from a network or gateway, they are matched against current available customer balances on the host system. Assuming funds are available and the daily limit has not been reached, the transaction is authorized and the approval response is sent to the network or gateway. The network or gateway then forwards the appropriate message to Visa or MasterCard and back to the merchant. Hold Processing
As transactions are authorized, a hold may be placed on the account for the amount of the authorization. This hold remains on the account for an amount of time agreed to by the network or gateway and a financial institution, typically one to three days, or until the settlement transaction is presented. If, after this time has elapsed, the settlement transaction has not been received, the hold is removed from the cardholder's account. Reports detail the holds on file and the holds that have expired and been removed.
If the financial institution does not desire to place a hold on the client's account for the amount of the authorization, the system can place a memo debit on the funds in the account. The system can retain the memo debit on the account until the settlement transaction is received or the time to present the settlement transaction has expired. At that time the memo debit will be removed from the account.
Settlement Processing
Settlement transactions can be received either in batch or online from the network, gateway or designated provider. The settlement transactions are matched with the authorizations that have been received and as transactions are matched, the hold or memo debit is removed, and the appropriate amount is posted to the cardholder's account. If a match is not found, the settlement transaction is force posted to the cardholder's account. All financial transactions are posted to the customer's account regardless of the existence of a matching authorization.
Charge Backs and Representment
Charge Back and Representment processing is used when the cardholder disputes a transaction. In some cases, the gateway or network retains the transaction history information and processes charge backs and representment for financial institutions. In other cases, the financial institution is responsible for retaining history and processing. IDCS can support either process. Card Management System
A complete card management system is included allowing customers to access practically unlimited accounts using the same card for ATM transactions. Visa check and MasterMoney transactions are limited to primary or checking accounts. On-host card management allows financial institutions to offer a single card for all debit transactions.
Bank management may define and control separate ATM and POS limits bank-wide, or on a customer-by-customer basis. Address Verification Value (AVV) certification is supported. Online hot carding of lost or stolen cards is included in this system, and file generation and transmission to the card producer is available.
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