Setting Up ISA Fees

Related Topics

Portico supports the Visa International Service Assessment (ISA) Fee for cross-country transactions. To set up ISA Fees, the following options must be set up in Portico:

  • The ISA Fee Option field in the Network Options section on the Credit Union Profile - Self Service tab indicates if the credit union supports the administration of the cross-border and currency conversion assessment fee and how the fee will be charged. (Portico Host: 903 Transaction - ISA FEE field) The valid options are:
    • N - Fee not administered by credit union.
    • A - Fee is administered by credit union. Fee will be charged to member. Portico will create the general ledger entries that will debit the intransit general ledger account and credit the corporate general ledger account. These entries can then be applied using GL Moves window.
    • B - Fee is administered by credit union. Fee will be charged to credit union. Portico will debit the fee account and credit the corporate general ledger account. These entries can then be applied using GL Moves window.
  • The ISA/CCA Fee Indicator field on the tab indicates if the credit union supports the administration of the cross-border and currency conversion assessment fee and how the fee will be charged. (Portico Host: 957 Transaction - ISA\CCA field) The valid options are:
    • N - Fee not administered by credit union.
    • A - Fee is administered by credit union. Fee will be charged to member. Portico will create the general ledger entries that will debit the intransit general ledger account and credit the corporate general ledger account. These entries can then be applied using the GL Moves window.
    • B - Fee is administered by credit union. Fee will be charged to credit union. Portico will debit the fee account and credit the corporate general ledger account. These entries can then be applied using the GL Moves window.
  • On the ATM Network Settlement Rules window, the Visa ISA Fee GL Account field must specify the general ledger account to be used for ATM settlement moves involving ISA fees. Used for the JV17 general ledger settlement entry. (Portico Host: 954 Transaction - ISA FEE GL field)
  • Request daily runs of the Online Network ISA Fee Report 909 to review all the members with ISA fees, whether the fees were charged to the member or to the credit union.

Since Fiserv Card Services will send Portico the calculated ISA fee separately from the transaction amount:

  • The Exceptions window will display two line items: one for the transaction amount and one for the ISA fee, if the ISA fee is charged to the member.
  • If a correction is required for an unable-to-complete item, you must correct the transaction amount and ISA fee amount on the Network ATM Maintenance window. You must also perform a new JV move on the GL Moves window. The type of entry will be created based on the option selected on the Credit Union Profile - Self Service tab.
  • Member history will display with two line items with the same CAN: one for the transaction amount and one for the ISA fee amount.
  • Member statements will display the ISA fee as a separate line item with a description of VISA International Service Fee.
  • If the amount was charged to the member, the Network Cardholder Activity Report 904, Network Settlement/Reconciliation Report 905, and Network Date/Time Reconciliation Report 906 will list the ISA fee as a separate line item with a transaction description of ISA-FEE and the same CAN as the VISA transaction amount. The fee amount also will be included in the totals.

The Balancing and Close tab and Teller Balance Report 881 will include ISA fees in the teller totals.