Clearing and Settlement for Credit Card Transactions
What will I learn?
You will learn how four-party card networks move value from a card swipe to final fund transfer, and exactly where clearing and settlement fit in that flow. You will understand how authorisation data feeds clearing files, how interchange fees are calculated and applied, and how net settlement positions are determined. You will gain hands-on knowledge of chargeback reason codes, representment procedures, and dispute escalation paths. The course also covers reconciliation controls at the merchant, acquirer, and issuer levels, plus fraud liability allocation and operational fraud controls in settlement. By the end, you will be equipped to design KPI dashboards, evaluate processing models, and assess the impact of tokenisation and real-time payments on your operations.
Elevify advantages
Develop skills
- Clearing File Construction: Build, validate, and submit clearing batches that meet network specifications.
- Net Settlement Calculation: Reproduce gross-to-net settlement maths from raw clearing and interchange data.
- Chargeback Dispute Management: Execute the full dispute lifecycle from initiation through arbitration and representment.
- Reconciliation Framework Design: Map control points across authorisation, clearing, and settlement layers accurately.
Suggested summary
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