Mastercard QMR and Visa GOC reports made simple
A one-stop automated solution to streamline your Mastercard QMR and Visa GOC card scheme reports.
- Reclaim 150+ hours every year
- 100% compliance with formatting requirements
- Limitless scalability in the cloud
- Eliminate submission errors
- Rapid implementation
![Mastercard QMR](https://kanipayments.com/wp-content/uploads/2020/05/QMR-Scroll-Compiled.gif)
A time-saving champion
Don’t let 150 hours a year vanish into tedious QMR and GOC reports. Embrace the future where quarterly card scheme reports are done for you, freeing up your time for what really matters. Watch as Kani’s automated system seamlessly ingests payment processor data, organises it precisely and delivers Mastercard or Visa reports in a jiff – all in the correct format, ready for you to hit send.
![QMR and GOC Audit](https://kanipayments.com/wp-content/uploads/2020/05/QMR-Quarter-Graphs.gif)
Effortless integration; impeccable accuracy
Kani’s like your financial multi-tool: Accurate, reliable, fast and incredibly easy to use. Our card scheme reporting solution integrates with your preferred third-party platforms, ensuring your data is current and crystal clear. A complete audit trail is available should you need to access historical data or submissions. With Kani, you’re set to tackle Mastercard QMR and Visa GOC reporting with confidence, knowing every number is precisely where it should be.
![Transaction Reporting](https://kanipayments.com/wp-content/uploads/2020/05/Transaction-Reporting-filter-2.gif)
Mastering complexity with simplicity
Baffled by complex reporting terminology? Let us decode the jargon for you. As part of our solution build phase, we’ll work with your existing transaction data to ensure it’s always categorised under the correct regionality and other criteria. This means all your transactions are accurately sorted and classified, giving you precise reporting and reducing manual interpretation.
![Customer Insights](https://kanipayments.com/wp-content/uploads/2020/05/Piecharts-Compiled.gif)
Compliance without complication
We do more than automate card scheme report generation; we transform how you handle compliance. From automating complex calculations to applying the correct transaction criteria and regionality, Kani ensures every report is complete and correct. Reduce the risk of fines and submission errors with technology that adapts to Mastercard and Visa requirements.
![](https://kanipayments.com/wp-content/uploads/2020/05/Heatmap-Compiled.gif)
Scale smarter, not harder
Scaling up? Kani’s got your back. Our robust, cloud-based platform effortlessly keeps pace with growing transaction volumes, removing back-office bottlenecks so you can grow without the grief.
Mastercard QMR and Visa GOC FAQs
-
What are Mastercard QMR and Visa GOC reports?
Card scheme reports, such as Mastercard QMR and Visa GOC reports, are comprehensive data submissions required by card networks from institutions involved in payment processing. They are essential for compliance, financial reconciliation and performance analysis in payments.
-
What do card scheme reports include?
Mastercard QMR and Visa GOC data reports include detailed information on transaction volumes, types and values processed over a specific period, usually each quarter. They also encompass data on cardholder activity, interchange fees, currency conversions and other transaction metrics.
-
Why are card scheme reports important?
Card scheme reports are crucial because they provide insights into transaction processing and fraud prevention, helping to mitigate risks associated with data security and contribute to the network integrity of the wider payments ecosystem.
-
What is a Mastercard T140 file?
A T140 file is a specific data format used in Mastercard QMR reports. It defines the format and structure of transaction data exchanged between financial institutions, payment processors and card networks for reporting purposes.
-
What does a T140 file contain?
The Mastercard T140 file contains detailed information about card transactions. It covers metrics like transaction amounts, merchant details, cardholder information and other relevant data.
-
What are the penalties for failed submissions?
Penalties for failed Mastercard QMR and Visa GOC data submissions vary depending on the severity and frequency of errors. Businesses may face financial penalties, fines, sanctions or even suspension from card networks in severe cases.
-
Who do card scheme reporting requirements apply to?
Card scheme reporting requirements apply to entities that process, accept, and facilitate card payment transactions. This includes financial institutions like banks and credit unions, payment processors, merchants, acquiring banks or merchant account providers, payment gateways and independent sales organisations (ISOs).
-
How do card scheme reports ensure timely settlement of transactions?
Card scheme reports play a crucial role in the timely settlement of transactions in the payments ecosystem. Reports enable Mastercard and Visa to reconcile transactions efficiently and prevent settlement delays by providing comprehensive data on transactions, discrepancies, and errors.
-
Are there any specific formatting requirements for card scheme reports?
Yes, both Mastercard and Visa have specific formatting requirements when businesses submit their data. These typically include report structure, data fields and formatting standards like file type, encoding and layout. Each card network has predefined templates or formats for specific fields.
-
How can businesses ensure accuracy and consistency in their card scheme report submissions?
Implementing robust data management practices and leveraging automation helps to ensure accuracy and consistency in QMR and GOC data reports. Automated tools can help streamline data collection, processing and validation to reduce the risk of errors.
Our other services
See for yourself...
Let our payment gurus show you how Kani can save you time and money on your payment reporting and reconciliation processes.
Used and trusted by many FinTech companies
![paysafe](https://kanipayments.com/wp-content/uploads/2022/08/KANI-LOGO-DESIGN-WHITE_1.-Paysafe-300x75.png)
![pluxee logo](https://kanipayments.com/wp-content/uploads/2024/01/pluxee-logo-300x85.png)
![NVAYO](https://kanipayments.com/wp-content/uploads/2022/08/KANI-LOGO-DESIGN-WHITE_4.-NVAYO-300x105.png)
![OSPER](https://kanipayments.com/wp-content/uploads/2022/08/KANI-LOGO-DESIGN-WHITE_5.-OSPER-300x90.png)
![MOORWAND](https://kanipayments.com/wp-content/uploads/2022/08/KANI-LOGO-DESIGN-WHITE_8.-MOORWAND-300x60.png)
![TRANSACT Payment](https://kanipayments.com/wp-content/uploads/2022/08/KANI-LOGO-DESIGN-WHITE_11.-TRANSACT-300x53.png)
![FINANCEV](https://kanipayments.com/wp-content/uploads/2022/08/KANI-LOGO-DESIGN-WHITE_12-IDT-FINANCEV2-300x53.png)
![DISCOVERV](https://kanipayments.com/wp-content/uploads/2022/08/KANI-LOGO-DESIGN-WHITE_13-DISCOVERV2-300x53.png)
![nuvei](https://kanipayments.com/wp-content/uploads/2024/01/nuvei-300x94.png)
![EML](https://kanipayments.com/wp-content/uploads/2022/08/KANI-LOGO-DESIGN-WHITE_7.EML_-300x98.png)
![PAYGOO](https://kanipayments.com/wp-content/uploads/2022/08/KANI-LOGO-DESIGN-WHITE_14-PAYGOO--300x113.png)
![ONEPAY](https://kanipayments.com/wp-content/uploads/2022/08/KANI-LOGO-DESIGN-WHITE_15-ONE-PAY-300x90.png)
![EQUALS GROUP](https://kanipayments.com/wp-content/uploads/2022/08/KANI-LOGO-DESIGN-WHITE_9.-EQUALS-GROUP-300x83.png)