Fee management

The Pismo platform has solutions to help financial institutions and fintechs manage a growing set of fees, taxes, and exceptions across multiple products and customer segments. In particular, Pismo offers:

• Fee models—The Pismo platform offers a configurable fee model framework that allows you to define all fees applied during authorization. Fee models provide a centralized fee logic (calculation and event triggers), enabling rapid change with strong control and reduced engineering dependency. Fees are applied in a hierarchy where one fee can override another fee, where the hierarchy is account > program > organization. For example, a fee model attached to an organization is only used if there is no program or account level fee model overriding the organization.

  For full details on creating and using fee models, refer to the Fee models guide.

• Over-limit fees—Over-limit fees help offset the added risk of approving transactions beyond the original credit limit. The Pismo platform allows you to configure your accounts to allow account holders to go over their maximum credit limit when making purchases. You can define an over-limit percentage and an optional fee to be charged at the end of the cycle whenever the account goes over the maximum credit limit during that cycle. These fees apply outside of transaction events and are applied from a balance perspective. The Pismo platform offers a Balance watcher API for you to enable and configure over-limit fees. This API listens for platform and card network events and triggers actions based on these events.

  For details on configuring and enabling over-limit fees, refer to the Over-limit fees guide.