Batch Close definition

Batch Close means a Terminal function which submits all the accumulated Transactions processed through the Terminal to us or a Third Party;
View Source
Batch Close means the manual or automated process by which Transaction Records are confirmed to initiate settlement.
View Source
Batch Close means the process of sending a batch to the financial institution for settlement.
View Source

Examples of Batch Close in a sentence

  • No Batch Close Report – if a driver has lost or misplaced Batch Close report, the Driver is to go straight to Driver Admin (not cashiering).

  • A Batch Close report will print and list the details of the transactions in the terminals.

  • A copy of the receipt is attached to the Batch Close Incident Report.

  • If the driver experiences a problem with the Batch Close or operation of the unit, the driver is to bring unit to the office during normal business hours.

  • In the event that a driver does not have a Batch Close and presents a credit card slip with no signature the following will apply.

  • Driver Admin to photocopy all slips and write the control # from the Batch Close Incident Form on the photocopy and date the sheet.

  • A Batch Close is a request from the terminal to verify the terminal and host are in agreement on the number of transactions and dollar total for a batch.

  • An Auto Close is a Batch Close that is generated by a pre-determined system parameter.