Default Batch Processing. Default Batch Processing is a mandatory service enabled in the Summit Gateway applicable to all Summit Gateway devices, whereby at a minimum, every forty-eight (48) to fifty (50) hours the Summit Gateway forces a merchant batch to close and submits for settlement every transaction authorized from a Summit Gateway device.
Appears in 1 contract
Sources: Processing Services Agreement (Transfirst Holdings Corp.)
Default Batch Processing. Default Batch Processing is a mandatory service enabled in the Summit Gateway applicable to all Summit Gateway devices, ,whereby at a minimum, every forty-eight (48) to fifty (50) hours the Summit Gateway forces a merchant batch to close and submits for settlement every transaction authorized from a Summit Gateway device.
Appears in 1 contract
Sources: Processing Services Agreement (Transfirst Holdings Corp.)