Overview

Payouts
 transfers funds from one account to another using a two-step model:
  • An
    account funding transaction
     (AFT) withdraws funds from a sender’s account using standard credit card processing.
  • An
    original credit transaction
     (OCT) deposits funds into a recipient’s account.
An AFT and OCT are independent transactions, though an AFT usually precedes a corresponding OCT.
In typical 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:
  • A
    business-to-person
     payment moves funds between a merchant and a cardholder.
  • A
    person-to-person
     payment moves funds between two cardholders.
No merchant goods are involved in
Payouts
 transactions.
At present,
FDC Nashville Global
 supports AFT services only.
You must receive prior approval from
FDC Nashville Global
 before using the AFT services. Contact
FDC Nashville Global
 to register in the AFT program.