- Check the Transaction Detail Report and the Transaction Exception Report every day to verify that your transactions have been processed successfully. If you are uncertain about why a charge or credit was refused, review the Understand Failed Transaction Codes page.
- Settle and reconcile your batches. Ensure that the “settled” and “submitted” balances align with the credit card records.
- Process authorizations for goods and services.
- Reconcile the amount that has been processed with the amount deposited to your bank account.
- Identify and resolve chargebacks.
- Please note that all revenue will be deposited in U.S. dollars.
- Reconcile your monthly bank statement to SAP.
- Supply VPF with the required tax reporting if taxes are applicable.
- Monitor credit activity and ensure appropriate approval(s).
- Confirm that credits are valid and not being processed by an individual for personal gain.
- Measure and analyze historical trends in financial and operational performance to ensure that credit card activity is meeting expectations.
- Review transaction history for suspicious activity.
- Submit the PCI self-assessment questionnaire (SAQ) and complete the annual renewal process.
- Provide updated PCI/PA-DSS certifications and SAS 70 for any third party provider you are using for credit card processing.
The Details
- Check the Transaction Detail Report and the Transaction Exception Report every day to verify that your transactions have been processed successfully. If you are uncertain about why a charge or credit was refused, review the Understand Failed Transaction Codes page.
- Settle and reconcile your batches. Ensure that the “settled” and “submitted” balances align with the credit card records.
- Process authorizations for goods and services.
- Reconcile the amount that has been processed with the amount deposited to your bank account.
- Identify and resolve chargebacks.
- Please note that all revenue will be deposited in U.S. dollars.
- Reconcile your monthly bank statement to SAP.
- Supply VPF with the required tax reporting if taxes are applicable.
- Monitor credit activity and ensure appropriate approval(s).
- Confirm that credits are valid and not being processed by an individual for personal gain.
- Measure and analyze historical trends in financial and operational performance to ensure that credit card activity is meeting expectations.
- Review transaction history for suspicious activity.
- Submit the PCI self-assessment questionnaire (SAQ) and complete the annual renewal process.
- Provide updated PCI/PA-DSS certifications and SAS 70 for any third party provider you are using for credit card processing.
