Close Batch

The final step in a day's credit card processing activities, where all of the day's authorized credit card transactions are sent through to the payment processor for settlement. This batch closing process marks the end of one business day and the beginning of another for transaction processing purposes.

Closing a batch is a critical routine in the lifecycle of credit card processing, enabling merchants to manage their finances effectively and maintain accurate records of their transactions. It ensures a seamless flow of funds and data between merchants, processors, and banks.