Money Movement and Accounts

Figure D-3 below illustrates the various possible accounts for Payment Facilitators, as well as the funding instructions associated with moving the funds between the accounts. Direct merchants use customerDebit/customerCredit transaction to move money to their customers, instead of what is shown for movement to sub-merchants. Also, direct merchants use payoutOrgCredit/payoutOrgDebit to move fund to/from their operating account.

FIGURE D-3 Dynamic Payout Accounts

The cnpAPI file shown in Examples of Funding Instructions provides examples of the transactions used for each type of money movement. The following transaction type are available for your use:

• Funding Instruction PayFac Credit (FIPC) - used to move funds from the PayFac Settlement account to the PayFac Operating account.

• Funding Instruction PayFac Debit (FIPD) - used to move funds from the PayFac Operating account to the PayFac Settlement account.

• Funding Instruction Reserve Credit (FIRC) - used to move funds from the Settlement account to the Reserve account. Both Payment Facilitators and direct merchant can use this transaction type, except in Canada.

• Funding Instruction Reserve Debit (FIRD) - used to move funds from the Reserve account to the Settlement account. Both Payment Facilitators and direct merchant can use this transaction type except in Canada.

• Funding Instruction Sub-merchant Credit (FISC) - used to move funds from the PayFac Settlement account to the sub-merchant Operating account.

• Funding Instruction Sub-merchant Debit (FISD) - used to move funds from the sub-merchant Operating account to the PayFac Settlement account.

• Funding Instruction Vendor Credit (FIVC) - used to move funds from the Settlement account to the Vendor account. Both Payment Facilitators and direct merchant can use this transaction type, except in Canada.

• Funding Instruction Void - used to void a submitted, but unsettled funding instruction. (See Funding Instruction Void Transactions.) Both Payment Facilitators and direct merchant can use this transaction type.

• FastAccess Funding™ - used to transfer funds to certain eligible Mastercard or Visa debit cards. Transfer of funds takes place within 30 minutes. (See FastAccess Funding.) Both Payment Facilitators and direct merchant can use this transaction type.

• Funding Instruction Payout Org Credit - used by direct merchants to move funds from the merchant Settlement account to the merchant Operating account.

• Funding Instruction Payout Org Debit - used by direct merchants to move funds from the merchant Operating account to the merchant Settlement account.

• Funding Instruction Customer Credit - used by direct merchants to move funds from the merchant Settlement account to the customer account.