Banking/Banked definition

Banking/Banked means the submission by the Merchant of the total Transactions performed for a day, to the Bank for processing, using the “Batch Upload” facility on the Speedpoint® Device and may also be referred to as “reconciliation”, “settlement processing” or “end of day processing”;

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Banking/Banked means the submission by the Merchant of the total Transactions performed for a day, to the Bank for processing, using the “Batch Upload” facility on the Speedpoint® Device and may