ISO8583 - Data Elements - Continued

This video is a continuation of the previous video on "Authorization Protocols, ISO8583".
This video details about,
Key Data Elements of ISO8583
Data Types & Syntax
How to classify transactions based on Data Elements

[@tonglu6526]

Thanks again for the excellent videos. Suggestion, the sheet about different data elements showing started at 2:50, if you can make the DE2, DE35, and DE45 all show the same card number, it might help.

[@LearnPayments]

I’ll leave your comment to ensure the point is passed to the viewers :)

[@swatidubey4669]

Very clear and lucid information , thanks alot

thank you, this is a great refresher video regarding payments.

[@urshitanainani9519]

Loved how you have explained everything in simple day to day words

[@urshitanainani9519]

Great Videos!! Learnt a lot

[@sergiocavalheiro3506]

awesome Man thanks a lot for the detailed explanation

[@govindpalariya3173]

I was looking 4 such tutorial from long time , thanks for sharing this knowledge.

[@dattaatreya]

very neatly explained in this vedio.

[@stevenondieki5498]

this was very helpful. 've been banging my head for weeks trying to understand this format

[@poorti2188]

valuable info given by you thanks alot

[@dineshsamuel1701]

Ur explanation is very clear brother...

[@santhoshc2il]

Good and clear explaination.👍

[@TechFoodie]

Great

[@alonePointer]

Hello
Could you turn on subtitle please?
Thanks

[@y.c.breddy3153]

In primary bitmap position 35 showing 0 what did it means bro

[@fahimparvez]

Very nice explanation and easy to understand

[@yocom25]

good explanation and very easy .thanks

[@nagyer2860]

please share indepth payment videos and its exceptional

[@Satishswap]

Please make a video on DE 55 aswell

[@charbelutube]

Fantastic explanation. But I didn't see the DE for EMV and Contactless transactions, can you please elaborate on this.

[@LearnPayments]

ISO8583 as a format is applicable for all type of transactions (Mag, EMV Contact, EMV Contactless or eCommerce). There are some specific DEs like DE55, which are applicable for EMV only.

[@vishalmotegaonkar6310]

Nice information..in this video you marked each fields lenghts in bytes unit...are they in bytes or bits..thank you.

[@LearnPayments]

Hi Vishal, they are in bytes. Thanks

[@husamhamid1160]

Great Great Videos and Channel!
A question about "Currency & Amounts" slide
Does settlement amount mean funds to be transferred from acquirer to issuer as you wrote or vice versa?
Kindly explain to me because my understanding is that the issuer debits the money from cardholder and transfers amounts to acquirer.

[@LearnPayments]

Hi Hamid,
Settlement amount specifies the funds exchanged between Issuer and Acquirer. Cardholder Billing Amount field (DE5) usually consists the amount to be billed to the customer. Generally both would be same, if the Issuer chooses the same currency to settle. Say a INR Issuer (Indian Rupee) would want to bill the customer and settle with the Schemes (to Acquirer) in same INR (Indian Rupee). However if the Issuer chooses different currencies, then these amounts would be different.
Hope it clarifies.
Thanks

[@husamhamid1160]

@@LearnPayments thanks much. This is noted.
I understand this mainly answers my question with the fact that issuer transfer amounts to acquirer (through schemes).
Thanks.

[@HAMZA_Phoenix]

Please if you can give a practical approach also.
Thanks you so much.

[@LearnPayments]

Will try to.!

[@dipak8888]

Great

[@jitendramaurya733]

i wish you could give a sample of data

[@madhav.vignesh]

Superb ...

[@bhavikdoshi1990]

From where can I get MasterCard and Visa specifications?

[@LearnPayments]

They are hosted on Mastercard and Visa portals, which are available to their members.

[@Manishkumar-zd9kv]

Cany you Please share link of expresspay,master card and visa specification

[@LearnPayments]

They are hosted on the corresponding Visa and MasterCard portals, Manish :) Thats the official way to get 'em.

[@alltheway99]

Not bad 🙂
Good job!

[@LearnPayments]

Thanks 😀🙏🏼