EFD IST®/Clearing

IST/Clearing

IST®/Clearing is a robust multi-card, multi-institution and multi-currency interchange clearing solution that enables processors and acquirers to qualify transactions for the lowest possible interchange rates with the associations. IST/Clearing provides an extensive set of features to drive clearing operations for both acquirers and issuers, including transaction validation, editing, qualification and clearing file generation. IST/Clearing provides interfaces for both your internal and external systems, including:

• Cardholder remittances
• Merchant payments
• Exception management systems
• Authorization/Card Management Suite

EFD Back-Office Services