1.2 Transactional Data Files

1.2.1 XML File Contents

File contents include either the Clearing Report or the Non-Clearing Report.

Clearing Report

The Clearing Report contains all the available presentments on the Thredd platform, which have been received and processed at the Initiation Time. This is data that is used for clearing. For an example of a Clearing Report, see Clearing Transaction Report Example.

Non-Clearing Report

The Non-Clearing Report contains authorisation, load, unload and fee data on the Thredd platform. This data is received and processed at the Initiation Time. For an example of a Non-Clearing Report, see Non-Clearing Transaction Report Example.

1.2.2 File Sending Schedule

Thredd can send files of generated reports at a time that meets your business requirements. For each report type, you can choose the From, To and Initiation Time settings. The following table summarises the time settings:

Generation and Transportation Times determine the Delivery Time of the report. The Delivery Time depends on the number or volume of transactions in the file that passed from the report Initiation Time.

By default, Thredd use the following logic for the reports:

• Non-Clearing Report — By default, the Initiation Time is after midnight in your selected timezone. The From Time is 00:00 of the previous day (D-1) in relation to the Initiation Time. The To Time is 23:59 of the previous day (D-1) in relation to the report Initiation Time.

• Clearing Report — The Initiation, From and To Times are selectable (From Time = To Time over a 24h period).

Card Scheme (Payment Network) and Gateway Provider Considerations

If you want your Clearing Reports to include Visa and Mastercard transactions, you need to consider the clearing cycles for these card schemes (payment networks). The clearing cycles can influence the XML file sending schedule from Thredd for the Clearing Reports. For MNE A US PIN debit network provider for opening access to US debit networks.1 MNE (Mastercard Networks Exchange) A US PIN debit network provider for opening access to US debit networks. gateway transactions, the clearing cycles do not apply. This is because MNE sends transactions that are SMS messages, where authorisation and clearing data are in the same message. When Thredd sends to you MNE transactions data, these are included within Non-Clearing Reports.

The clearing cycles are summarised as follows:

• Mastercard — There are 6 clearing cycles per day, seven days per week. After each clearing cycle, Mastercard sends Thredd clearing files, which contain the settlement data. Data from cycles 5-6 from the night before and 1-4 from current day form a compete settlement day picture for most regions. These contain all the information you need to reconcile your settlements with Mastercard.

• Visa — Visa provide 2 clearing files (Domestic and International) each day. For International visa cycles, different timings exist for some regions (For example, Australia and Hong Kong). There is a maximum file size where, for the largest clients, it is possible that more than one Domestic and/or International file will be received on the same day. Visa domestic cycles start at 9 am, while international cycles start at mid-day. The clearing cycles occur for 7 days a week.