Program types
Programs are one of the Pismo platform's core objects. Once you've set up your Organization, the next step is to implement programs for it. Pismo has the following program types.
Card-issuing
Pismo has programs for issuing credit, debit, and prepaid cards.
Note: Full balance and Zero balance are Pismo platform card network integration models. For more information, refer to Full balance versus Zero balance integration.
| Program type | Description | Code enum |
|---|---|---|
| Full balance credit | Full balance credit accounts. Credit product that enables a cardholder to borrow funds to pay for goods and services. These borrowed amounts must be paid back with interest and any additional agreed-upon charges. Credit cards provide the cardholder with a revolving line of credit, meaning they can borrow up to a certain limit and repay the amount over time. For more information, refer to Card Issuing with Pismo and Full balance credit program | CREDITO |
| Zero balance credit | Zero balance credit accounts Credit product that enables a cardholder to borrow funds to pay for goods and services. These borrowed amounts must be paid back with interest and any additional agreed-upon charges. Credit cards provide the cardholder with a revolving line of credit, meaning they can borrow up to a certain limit and repay the amount over time. For more information, refer to Full balance versus Zero balance integration and .Zero balance integration - issuer's guide | CREDITO ZERO-BALANCE |
| Full balance debit | Full balance debit accounts Operation values are automatically deducted from the cardholder's account. For more information, refer to Card Issuing with Pismo and Managing the charge order for debit transactions . | DEBITO |
| Zero balance debit | Zero balance debit accounts Operation values are automatically deducted from the cardholder's account. For more information, refer to Full versus Zero balance integration and Zero balance integration - issuer's guide | DEBITO ZERO-BALANCE |
| Full balance prepaid | Full balance prepaid accounts Similar to a debit card. Requires previously deposited funds, specifically a prior recharge intended for executing payment transactions. For more information, refer to Card issuing with Pismo. | PRE-PAGO |
| Zero balance prepaid | Zero balance prepaid accounts Similar to a debit card. Requires previously deposited funds, specifically a prior recharge intended for executing payment transactions. For more refer to Full versus Zero balance integration and Zero balance integration - issuer's guide | PRE-PAGO ZERO-BALANCE |
Merchant
| Program type | Description | Code enum |
|---|---|---|
| Merchant | Merchant programs manage a seller's commercial accounts. Merchants can register and parameterize their products, rates and fees, home bank, and so on. For more information, refer to the Seller management overview | MERCHANT |
Transaction banking
Transaction banking focuses on transactions between a bank and a large organization, such as a multinational corporation, lending for short-term expenses and long-term investments. For more information, refer to the Transaction banking overview
| Program type | Description | Code enum |
|---|---|---|
| Correspondent accounts | Accounts financial institutions hold with each other to facilitate international transactions and provide services to their customers in different geographic locations. | CORRESPONDENT ACCOUNTS |
| Current accounts | Also known as checking accounts, these are a type of deposit account that businesses use to manage their everyday financial transactions. This bank account allows customers to manage their daily finances, serving as a central place to receive income, pay bills, and handle various transactions. | CURRENT ACCOUNTS |
| Internal accounts | Account used within an organization for internal purposes rather than for transactions with external parties. These accounts help manage and track internal financial activities, such as bookkeeping, accounting, and internal fund transfers. | INTERNAL ACCOUNTS |
Creating and managing programs
You can create and manage programs using the Pismo Control Center. You can also do the same using the Programs API .
Program implementation
When a program is first created, its status is
Processing. After Pismo's Payment Card Industry (PCI) and accounting teams have done their behind-the-scenes work and configurations, which can take up to 90 hours (SLA), the program's status becomesActiveand is available for use.
Getting started
Once you've picked a program, you need to start doing the following:
Step 1—Define your program's processing codes and transaction types
Processing codes , in combination with transaction types , define how transaction flows and financial operations are implemented on the Pismo platform.
Step 2—Define your program parameters
Progam parameters define limits and what your program allows or doesn't allow. You can do this in the Pismo Control Center .
Step 3—Create your program's accounts and customers
Updated 4 days ago