Velocity Information

Velocity is a risk management tool that establishes limits on item counts and dollar amounts at the individual transaction level, both within a calendar day and within a rolling 14-day period. These limits can be customized per merchant or per location under a specific merchant. They can also be customized by type of transaction (example ACH or IRD).

For resellers being underwritten by EPS, Velocity is setup and managed by the EPS Risk Management team. For Financial Institutions (FI) Velocity is setup and managed by the FI through the EPS backend office tool called SmartPay Manager. In either case, integrators will only need to be concerned with velocity from the standpoint of capturing and displaying velocity responses on transaction requests.

When a Velocity limit is exceeded on a transaction request this will be indicated in the transaction response with a specific “ResponseCode” of either “Velocity_Count” or “Velocity_Amount” and will be declined. When this happens, the transaction will not be successful until there is room under the limits for it either through raising the limits or allowing time to pass for current usage to fall off. Look to the “ResponseMessage” for further information about the velocity decline.