Create processing codes and transaction types

With Control Center, you can initially map a transaction type only with one processing code, but you can add more later. When you create a new transaction type, Control Center automatically creates a corresponding reversal processing code and transaction type for you.

To create processing codes and transaction types:

1. From the main menu, select Configurations > Processing codes & transaction types.
   The Financial setup screen displays with the Processing codes tab open by default.
2. On the Financial setup screen, select Create.
3. On the Create processing code screen, select the type of balance impact for the transaction:
   • Debit
   • Credit
   • Zero balance
4. Define the operation type of the processing code:
   • Normal—This is the default value.
   • Hold funds—This operation type is used when there is an operation to block/unblock or release/transfer funds. For more information, refer to Hold funds.
5. Choose whether or not the operation should be validated against an acquirer external to the Pismo platform (Yes or No).
6. Enter a name and ID for the new processing code and its corresponding reversal and select Next.

   The Create transaction type screen is displayed if you selected Zero balance in Step 3. Otherwise, the Transaction flow screen is displayed and you can continue with Step 8.

7. (Optional) On the Create transaction type screen, do the following:
   1. Define the attribute of the transaction type (Debit or Credit).
   2. Choose whether or not the transaction type has a balance impact (Yes or No).
   3. Enter a name and ID for the new transaction type.
   4. Enter a name and ID for its corresponding reversal transaction type.
   5. Select Next.
8. On the Transaction flow screen,
   1. Select a key to define the link type:
      • Principal amount
      • Installment amount
      • Contract amount
      • Custom key (use any custom amount, such as fees, taxes, or other charge)
   2. Select Next.
9. On the Review screen, verify that the information you provided is correct and select Finish.