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Batch


Doc ID:    GL9
Version:    3.0
Status:    Published
Published date:    02/25/2014
Updated:    02/25/2014
 

Definition

A group or batch of transactions occurring over a period of time that are submitted together, typically one file, to the appropriate processing networks for clearing and settlement. This action may sometimes be referred to as 'batching'. Batch may also be used in a more generic sense, to describe processing transactions in a group even when not for settlement, e.g., a 'batch upload' of authorization requests.


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