Merchant Statements Comparison

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(No Transcript)
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Merchant Statements Comparison

• FDMS to Paymentech
• Similarities and Differences

BEGIN
FDMS
Paymentech
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Paymentech Statement Sections

• Click the page name to go the page comparison
• Cover Page
• Deposit Summary
• Funding Summary
• Credit Card Summary
• Chargebacks Reversals
• Financial Adjustments
• Charges Fees

NOTE Comparisons are for outlet statementonly
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Similarities (click for details)
FDMSCover Page
Differences (click for details)
PaymentechCover Page
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• Similarities
• Return address
• Merchant Number and Statement Period
• Merchant Address
• Customer service phone number
• Messages

FDMSCover Page
Differences (click for details)
PaymentechCover Page
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Similarities (click for details)
FDMSCover Page

• Differences
• ABA and DBA routing numbersremoved
• Customized logo available forISOs and Agent
  Banks
• DBA name added
• Billing type displayed (all pages)
• Page number displayed (all pages)

PaymentechCover Page
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Similarities (click for details)
FDMSDeposit Detail
Differences (click for details)
PaymentechDeposit Summary
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• Similarities
• Date Funded/Post Date
• Net Amount Submitted/Total Deposit Amount
• Net Amount Funded/NetDeposits
• Totals by Card Type

FDMSDeposit Detail
Differences (click for details)
PaymentechDeposit Summary
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Similarities (click for details)
FDMSDeposit Detail

• Differences
• Reference number removed
• Includes Number of Items
• Shows Amt Paid By Paymentech (not 3rd party)
• Displays bank account number where net deposits
  were funded

PaymentechDeposit Summary
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Similarities (click for details)
FDMSFunding Summary
Note Paymentech statement includesFunding
Summary only when merchantfunds transfer is net
otherwise, statementincludes Deposit Summary
only.
Differences (click for details)
PaymentechFunding Summary
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• Similarities
• Amount Funded/Deposits
• Funded by 3rd Party/Non-Bankcard
• Chargebacks Reversals
• Charges Fees
• Financial Adjustments
• Amount Transferred

FDMSFunding Summary
MENU
Differences (click for details)
PaymentechFunding Summary
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Similarities (click for details)
FDMSFunding Summary
PaymentechFunding Summary

• Differences
• Paymentech statement includes Funding Summary
  only when merchant funds transfer is net
  otherwise, Paymentech statement includes Deposit
  Summary only.
• Paymentech statement breaks out FDMS column B
  through G into detailed sections Chargebacks
  Reversals, Charges Fees, and Financial
  Adjustments
• Displays bank account number where net deposits
  were funded

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Similarities (click for details)
FDMSSummary by Card Type
Differences (click for details)
PaymentechCredit Card Summary
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• Similarities
• Card Type/Card
• Total Items and Total Amount/Number ofItems and
  - Sales - Returns/Credits - Net/Net Sales
• Average Ticket
• Grand Total/Totals

FDMSSummary by Card Type
Differences (click for details)
PaymentechCredit Card Summary
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Similarities (click for details)
FDMSSummary by Card Type

• Differences
• Total Number Of Items column is gross total
  (Sales Items Credit Items)

PaymentechCredit Card Summary
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Similarities (click for details)
FDMSChargebacks/Chargeback Reversals(Funding
Summary)
Differences (click for details)
PaymentechChargebacks Reversals
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• Similarities
• Date Funded/Date
• Chargeback or ReversalAmount
• Total Chargebacks
• Total Reversals

FDMSChargebacks/Chargeback Reversals(Funding
Summary)
Differences (click for details)
PaymentechChargebacks Reversals
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Similarities (click for details)
FDMSChargebacks/Chargeback Reversals(Funding
Summary)

• Differences
• Includes ACS Number
• Includes Chargeback/Reversal Reason
• Total includes number ofItems

PaymentechChargebacks Reversals
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Similarities (click for details)
FDMSFinancial Adjustments(Funding Summary)
Differences (click for details)
PaymentechFinancial Adjustments
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• Similarities
• Date Funded/Date
• Financial AdjustmentAmount
• Total FinancialAdjustments

FDMSFinancial Adjustments(Funding Summary)
Differences (click for details)
PaymentechFinancial Adjustments
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Similarities (click for details)
FDMSFinancial Adjustments(Funding Summary)

• Differences
• Includes Adjustment Description
• Total includes number ofItems

PaymentechFinancial Adjustments
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Similarities (click for details)
Summarized in Discount Qualification Analysis
NOTE See summaries of Interchange/Assessment,
Discount/Service Charge, and Fees by date in
Funding Summary
FDMSFinancial Detail
Differences (click for details)
PaymentechCharges Fees
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• Similarities
• MasterCard Interchange Charges
• Visa Interchange Charges
• MasterCard and Visa Sales Transaction Fees
• Monthly Service Charge

FDMSFinancial Detail
Differences (click for details)
PaymentechCharges Fees
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Similarities (click for details)
Itemizedby date
Summarizedby transactiontype
FDMSFinancial Detail

• Differences
• FDMS statement itemizes by date and summarizes by
  transaction type (Interchange, Discount, Fee)
• Paymentech statement only summarizes by card type
  (MasterCard, Visa) and Other Fees (Trans Fee,
  Monthly Service Charge)

Summarizedby MC/Visa
Summarizedby MC/Visa
Summarizedby MC/Visaand other
PaymentechCharges Fees