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Introduction to
Payouts

The
Payouts
 service transfers funds from one account to another account using this two-step transaction process:
  1. An
    account funding transaction
     (AFT) withdraws funds from a sender’s account using standard credit card processing.
  2. An
    original credit transaction
     (OCT) deposits the funds into a recipient’s account.
An AFT and OCT are independent transactions, however, an AFT often precedes a corresponding OCT.
During standard payment transactions, you initiate debits and credits to receive payments from cardholders for your goods and services. With
Payouts
, you provide a money transfer service by initiating AFT and OCT transactions that move funds between accounts. These are the money transfer types:
  • An
    account-to-account
     payment transfers funds between accounts owned by the same person.
  • A
    business-to-person
     payment transfers funds between a merchant and a cardholder.
  • A
    person-to-person
     payment transfers funds between two cardholders.
For a person-to-person funds transfer, Pull and Push services are executed. When an AFT is authorized for a person-to-person transaction, the funds are available and can be withdrawn from the sender's account. This service is known as a
Pull
 service. A subsequent OCT is authorized, and the funds are deposited into the recipient's account. This service is known as a
Push
 service.
The
Payouts
 system ensures that both Pull and Push services are executed efficiently, providing a seamless experience for users. By leveraging
Payouts
, businesses and individuals can streamline their financial operations, making transactions more efficient and reliable.
No merchant goods are involved in
Payouts
 transactions.
IMPORTANT
You must receive approval from
your processor
before using the AFT service. Contact
your processor
 to register for the AFT program.

Relaxed Requirements for Address Data and Expiration Date for AFTs

You can have your
Barclays
 account configured to enable relaxed requirements for address data and expiration date in your AFT request.
Relaxed Requirements for Address Data
Address Verification Service (AVS) compares portions of the billing address from the request message with address data on file at the issuing bank. Results are returned for the street address and for the postal code. Relaxed requirements for address data allow you to make address fields that are normally required, such as billing address, optional in your transaction request.
Relaxed Requirements for Expiration Date
The card expiration month and year from the request message are compared with the card expiration date on file at the issuing bank. Relaxed requirements for expiration date allow you to make expiration date fields optional in your transaction request.
To enable relaxed requirements for address data and expiration date, contact customer support to configure your account for this feature.

Supported Recipient Card Types, Currencies, and Transactions

The recipient card type for OCT is Visa.
Recipient card type for AFTs:
  • Mastercard
  • Visa

Payment Network

Barclays
,
Chase Paymentech Solutions
,
FDC Compass
, and
Visa Platform Connect
Visa Direct
The Visa Direct payment network provides these functions for
Payouts
:
  • Enhanced message types for OCTs.
  • Account funding transactions (AFTs), which provide funds for OCTs.
  • Processes, policies, and underlying operating regulations and mandates for issuers and acquirers.
Mastercard Send
The Mastercard Send payment network transfers funds to Mastercard products. Mastercard Send enables customers to move funds quickly and safely and receive disbursements from businesses and governments.
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