In card transactions carried out through a POS/ATM, when the card-issuing bank is different from the POS/ATM bank (Not Onus), the transaction becomes subject to clearing. In the statements below, you can read the term POS as referring to either POS or ATM.
Is the clearing system a single type?
No. The clearing type varies depending on factors such as the type of card, whether the card is a foreign (international) card, and whether the POS is a foreign (international) POS.
We can roughly divide clearing into 3 types:
- BKM Clearing and Settlement System (the case where any domestic card is used at any domestic POS other than the card's issuing bank)
- MasterCard/Visa Clearing and Settlement System (the case where a foreign card transacts on a domestic bank's POS, or a domestic card transacts on a foreign POS)
- Brand Sharing Clearing and Settlement System (a system that clears credit card transactions arising from the use of a credit card brand belonging to one participant by other brand participants, and settles them between the brand-owning participant and the other brand participant through bilateral netting. For example, the case where Bank X issues a card under the Bonus partnership, and Bank X's credit card is used on a POS that is part of the Bonus partnership)
So, does every transaction fall under the same clearing type?
No. The clearing type varies depending on factors such as the brand partnership status, whether the card is a foreign card, and whether the POS is a foreign POS.
Is the clearing system only for credit cards?
No. The clearing system covers both credit card and debit card transactions.
The table below shows which clearing type applies depending on the status of the credit card and the POS.
| Transaction Type | Card/POS | Clearing Type |
| Bank X's credit card being used on Bank X's POS | Card Domestic/POS Domestic | No clearing |
| Bank X's credit card being used on Bank Y's POS (no brand sharing) | Card Domestic/POS Domestic | BKM Clearing and Settlement System |
| Bank Y's credit card being used on Bank X's POS (no brand sharing) | Card Domestic/POS Domestic | BKM Clearing and Settlement System |
| Bank X's credit card being used on Bank Y's POS (with brand sharing) | Card Domestic/POS Domestic | Brand Sharing Clearing and Settlement System |
| Bank Y's credit card being used on Bank X's POS (with brand sharing) | Card Domestic/POS Domestic | Brand Sharing Clearing and Settlement System |
| Bank X's MasterCard credit card being used on Bank Y's POS (no brand sharing) | Card Domestic/POS International | Mastercard Clearing and Settlement System |
| Bank X's Visa credit card being used on Bank Y's POS (no brand sharing) | Card Domestic/POS International | Visa Clearing and Settlement System |
| Bank X's Visa credit card being used on Bank Y's POS (no brand sharing) | Card International/POS Domestic | Mastercard Clearing and Settlement System |
| Bank X's MasterCard credit card being used on Bank Y's POS (no brand sharing) | Card International/POS Domestic | Visa Clearing and Settlement System |
