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Visa Card Types and Services for OCT
Visa card types include reloadable prepaid, deferred debit, debit, credit, and combo
cards, each with specific OCT functionalities. OCTs can increase balances or serve as
payments, depending on the card type and account setup. These services apply to both
domestic and cross-border transactions, supporting money transfers, funds disbursement,
prepaid loads, and credit card bill payments.
Visa Card Types
These are the different Visa card types, descriptions, and examples:
- Visa Reloadable Prepaid
- An OCT to an eligible Visa prepaid card increases the prepaid card balance.
- If the prepaid card balance is 25 USD and the OCT received is for 100 USD, the new prepaid balance is 125 USD.
- Visa Deferred Debit
- Deferred Debit cards have a line of credit and an underlying bank account. An OCT to a Visa Deferred Debit card deposits funds into the underlying account when both the line of credit and underlying account are with the same bank. If the Deferred Debit card underlying account is with a different bank than the line of credit, post the funds to the card account.
- If the underlying account has a balance of 800 USD and an OCT for 100 USD is received to the card, the new account balance is 900 USD. The credit balance owed on the card is not impacted by the receipt of the OCT. If the card has a balance owed of 200 USD and an OCT for 100 USD is received, the payment of USD 100 will be posted to the credit account. The new outstanding balance would be USD 100.
- Visa Debit
- An OCT to a Visa debit card increases the balance of the underlying bank account associated with the Visa debit card.
- If the card balance is 800 USD and the OCT received is for 100 USD, the new account balance is 900 USD.
- Visa Credit
- An OCT to a Visa credit card serves as a payment to the account.
- If the amount owed on the card is 800 USD and an OCT for 100 USD is received to the card, a payment of USD 100 will be posted to the account. The new outstanding balance is 700 USD.
- Visa Combo Card (Brazil)
- Combo cards allow cardholders to use credit or debit functionality during a transaction. An OCT to a Visa Combo card processed as debit increases the balance of the underlying deposit account linked to the card.
- The credit balance owed on the card is not impacted by the receipt of the OCT. Funds are applied only to the debit balance in the deposit account. Do not present the OCT for combo cards as credit using the proper values.
- If the deposit account linked to the card has a balance of 800 USD, and an OCT for 100 USD is received to the account, the new account balance is USD 900.
OCT Services
See the table for an overview of Visa's Original Credit Transaction (OCT) services,
key features and benefits:
OCT Services | Destination Visa Account Types Visa Credit | Destination Visa Account Types Visa Debit | Destination Visa Account Types Visa Prepaid | Geographic Scope Domestic | Geographic Scope Cross-Border |
|---|---|---|---|---|---|
Money Transfer (includes digital wallet and instant
deposits) | X | X | X | X | X |
Funds Disbursement (includes merchant settlement and Loyalty and
Offers) | X | X | X | X | X |
Prepaid Load | X | X | |||
Credit Card Bill Payment | X | X |