Network Funds Transfers Report

Description

The Network Funds Transfers report provides a high-level overview of the total amount to be settled by the card networks. This summary-level data is aggregated based on the settlement services and currencies involved, with the exact aggregation levels depending on the card network and BIN configuration. This report is designed to match the bank transfers performed by the card networks on a corresponding day.

Audience

Product / Engineering
Finance

Purpose

The Network Funds Transfers report serves as a primary tool for reconciling daily bank transfers. Its core purpose is to:

Validate settlement amounts to confirm that the funds transferred correspond to expected settlement values for a given day, currency, and settlement service.
Reconcile daily totals with underlying transactions in the reconciliationDetails report
Provide a high-level overview for cash flow management and financial reporting.

Functionality

Create reports	Via API Generate via portal
Access reports	Visa API Download via portal Push to SFTP or e-mail
Schedule reports	Daily (using the created query pattern)
Query patterns	The report is generated by specifying a `fundsTransferDate` parameter
Data types	NDJSON JSON CSV
Data sources	Data is aggregated from various settlement services as reported by the card networks

Relevant links

API Reference: Create Network Funds Transfers Report: Documentation for generating a new Network Funds Transfers Report via the API.
API Reference: Get Report File: Documentation for downloading a report file that has already been generated.
API Reference: Schedule Report: Documentation for creating a recurring report schedule.

Considerations

Reconciling with Bank Transfers: The total amounts in this report should directly match the aggregated bank transfers received from the card networks.
Relationship to Reconciliation Details: The report's unique key can be used to link these amounts to the networkFundsTransferKey field in the Reconciliation Details report for a transaction-level breakdown. Note that the status of this object should be updated to completed before starting this reconciliation.
Settlement Services: There will be a separate bank transfer per settlement service & currency that is set up. There will be a networkFundsTransfer report for each fundsTransferDate when there is a bank transfer.

Content

Field	Description
key	A unique identifier for the network funds transfer, starting with `nft-`.
cardNetwork	The card network to which the bank transfer belongs. Can have values: `mastercard` `visa` `bancontact` `american-express` `discover`
reportingFor	Identifier for which Settlement Information is reported by the Card Networks (Visa SRE, Mastercard ICA).
settlementServiceCode	Unique code of settlement service.
settlementServiceName	Name of the settlement service.
settlementServiceCurrency	The three-letter ISO currency code. For example, `USD` or `EUR`.
reportedAmountValue	The total amount that is reported to be transferred to the bank account. In minor units with decimal precision (e.g., $0.345 is 34.5).
reportedAmountImpact	Indicates whether the amount is a `credit` or a `debit`.
reportedAmountCurrency	The three-letter ISO currency code. For example, `USD` or `EUR`.
fundsTransferBookDate	The book date of the funds transfer. Please refer to fundsTransferDate to understand when amounts are settled.
fundsTransferDate	The date when the `netSettlementAmount` will be included in the settlement process.
created	The date and time (in UTC) when the networkFundsTransfer was created.
lastModified	The date and time (in UTC) when the networkFundsTransfer was last modified.
status	The status of the networkFundsTransfer. When flagged as `pending` the networkFundsTransfer is expected to change in the future as a result of new reports coming in from the card scheme. When flagged as `completed` the networkFundsTransfer and corresponding `reconciliationDetail` items is final.