Batch Closing

Batch closure is a fundamental procedure in the world of financial and commercial transactions. Essentially, it represents the endpoint of a set of electronic transactions that have taken place during a specific period, typically a day of operations. During this process, all transactions conducted throughout that period are grouped, verified, and prepared to be transferred to the relevant financial institutions.

Batch closure is crucial in credit and debit card payment management, as well as in other electronic payment processing systems, as it allows for the efficient consolidation of transactions. Additionally, it enables the verification of card validity, detection of potential fraud, and the settlement of funds between merchants and card issuers.

At Fiserv, Batch Closure is configured to occur automatically once a day at 23:30 hours