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What are the requirements for MoneySend?

Jan 23, 2012

Peter Stockli says:

  • Is it only for financial institutions that issue cards?
  • Does the receiving institution also have to support moneysend and how do you know if it supports it?
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  1. Jan 24, 2012

    Dan Martin says:

    Peter, thanks for your question. I just want to let you know, I am in the proce...

    Peter, thanks for your question. I just want to let you know, I am in the process of tracking down the answer. I just wanted to let you know it's not being ignored. I think this is something that will go straight into the FAQ when I have the answer.

  2. Jan 25, 2012

    Dan Martin says:

    Is it only for financial institutions that issue cards? Member Financial I...
    • Is it only for financial institutions that issue cards?
      • Member Financial Institutions who are either acquirers or issuers can offer MoneySend. Before launching their MoneySend platform, a MasterCard member must register and be approved by MasterCard.
    • Does the receiving institution also have to support MoneySend and how do you know if it supports it?
      • For card-to-card transactions both the Origination Institution (OI) and the Receiving Institution (RI) must be MoneySend-enabled. An OI submits an Authorization and will receive an approval or decline from the RI. Optionally, the Product Eligibility web service call can be used to determine if the receiving card is enabled for MoneySend.

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