Which publication is used as the basis for the settlement processes at Visa and MasterCard?

The Green Book is a critical publication used as the foundation for the settlement processes at Visa and MasterCard. It serves as an authoritative reference for financial institutions involved in processing card transactions, providing detailed information about transaction processing rules, regulations, and settlement guidelines for both debit and credit card transactions.

The information in the Green Book helps ensure that all parties involved in the transaction process adhere to uniform standards, which facilitates accurate and efficient processing of payments. This publication is instrumental in defining the necessary steps that must be followed for transaction settlement, along with the required documentation and timelines.

Other publications mentioned may address relevant topics or procedures but do not specifically outline the settlement processes at Visa and MasterCard as the Green Book does. For instance, the Green Sheet typically provides insights on industry trends and techniques, whereas the Gross Domestic Product Report focuses on economic metrics rather than payment processing. The Grievance Manual would address dispute resolution instead of settlement protocols.