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Diagram illustrating an Onus payment transaction between card and POS

Merchant & POS

What does Onus mean?

In the payment systems glossary, some terms are essential, including Onus. Onus literally means "on us" and refers to cases where the card-issuing bank and the POS/ATM bank are the same, meaning no clearing commission applies.

Diagram illustrating clearing types between card-issuing and POS banks

Clearing

What are the Clearing Types?

In card transactions via POS/ATM, when the card-issuing bank differs from the POS/ATM bank (Not Onus), the transaction is subject to clearing. Below, POS can also mean ATM. Is the clearing system a single type? No...

ISO 8583 F90 original data elements field layout diagram

ISO 8583

ISO 8583 Field Descriptions (F90)

F90 - ORIGINAL DATA ELEMENTS: the data elements from an original message, designed to identify the transaction in correction or reversal transactions. Subfields: Original MTI, Original DE 11 (STAN), Original DE 7, Original DE 32, Original DE 33.