ATM Balancing definition

ATM Balancing means the process of Seller or Buyer, as the case may be, reconciling certain manual and/or electronic reports from a Courier reflecting transaction activity at an ATM with the calculated balance of Cash, as determined by Seller or Buyer, respectively.
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Examples of ATM Balancing in a sentence

  • WPG-014 ATM Balancing: STC Derivation • Properly derive the STC of each ATM clearance from machine receipts and previous A6 data.

  • The ATM Balancing Group will identify all cash differences and notify Carrier in accordance with Section X.E of the Agreement.

  • Buyer will provide Seller, Customer and Agent with a report reflecting the reconciliation results (the “Reconciliation Report”) as soon as commercially practicable after the Cut-Off Date, but no later than forty-five (45) days thereafter and will notify Seller, Customer and Agent of any suspected discrepancies between the Actual Cash Balance and the ATM Cash Balance within five (5) Business Days of Buyer’s receipt of ATM Balancing information.

  • ATM OWNER shall be responsible for all expenses relating to ATM Balancer and the ATM Balancing, including but not limited to all balancing services and adjustments, Services, as described in Section 7.2 herein.

  • Buyer will provide Customer with a report reflecting the reconciliation results (the “Reconciliation Report”) as soon as commercially practicable after the Cut-Off Date, but no later than forty-five (45) days thereafter and will notify Customer of any suspected discrepancies between the Actual Cash Balance and the ATM Cash Balance within five (5) Business Days of Buyer’s receipt of ATM Balancing information.