AdvCash (now Volet) combines wallet and prepaid card services. Platform supports both cryptocurrencies and fiat currencies. Founded in 2014 by financial and IT experts
ISO 20022 enables electronic data exchange between financial institutions. Standard defines metadata repository and maintenance process. Covers payment, securities trading, and credit/debit card transactions. Metadata stored in UML models with ISO 20022 UML Profile
Users receive "transaction declined" error when attempting purchases. Multiple payment methods including cards and PayPal are tried. Bank confirms receiving request but Epic passes zero amount
Response codes are two-digit alphanumeric format. Most transactions use summary response code (00 or 08). Unknown codes should be reported to Westpac. No specific codes for card verification number mismatches
Payment processing errors are chargebacks that cannot be reversed through representment. Most payment errors occur when merchants manually intervene in the process. Payment networks have established rules that must be followed by merchants
PayPal offers free online payment system without credit/debit card information. Personal accounts allow sending/receiving payments anywhere PayPal is accepted. Business accounts require EIN/SSN and can be converted from personal