Visa

Visa operates as a global payment network (also known as a card network or scheme) that connects issuers, acquirers, and merchants.

Visa provides the framework, rules, and architecture within which CLOWD9 helps issuing banks manage their Visa-branded card programs.

Visa provides a number of key services:

• Transaction Authorization: Visa's network enables real-time authorization requests originating with merchants to be routed to CLOWD9 for authorization decisions to be taken
• Settlement and Clearing: Visa handles the clearing of transactions (exchange of transaction details) and ensures the settlement (transfer of funds) between acquiring and issuing banks.
• Card Program Branding: Visa licenses its brand to issuers. Issuer processors work closely with Visa to ensure compliance with branding, design, and feature requirements.
• Product Variants: Visa offers various card types, such as debit, credit, prepaid, and commercial cards. CLOWD9 can configure and manage these Products on behalf of our issuer's.
• BIN Management: Visa allocates Bank Identification Numbers (BINs) to issuers, which are managed on behalf of our issuers by CLOWD9. The BIN supports transaction routing and processing.
• PCI DSS Compliance: Ensuring secure handling of cardholder data as mandated by Visa.
• Fraud Prevention Tools: Visa provides tools and standards to reduce fraud, which CLOWD9 support.
• Dispute Management: Visa defines chargeback rules and processes, which Issuers can use to handle transaction disputes.
• Tokenization: For secure digital transactions (e.g., mobile wallets), Visa enables token services.
• Data Analytics and Reporting: CLOWD9 has access to various Visa tools and services providing insights that allow us to to optimize card programs.
• Certification: To operate within the Visa ecosystem, issuer processors must establish a formal relationship with Visa and meet its certification requirements. This ensures CLOWD9s systems comply with Visa technical and operational standards.