Batch Definition.
A batch of captured transactions that the merchant (or its terminal or PSP) sends to the acquirer for clearing, usually at the end of the day. For in-store payments in France, terminals send it through an end-of-day batch upload (télécollecte). The batch’s contents and the submission cut-off time determine when the merchant receives the funds.
See also
Where this term appears
GuideThe four-party modelGuideAgents, distributors, and banking-as-a-service: who is liable for whatGuidePayments in the BalkansGuidePayments in the Netherlands and BelgiumGuideProtecting customer funds, and what happens when the institution failsGuideThe PSD2 framework contract and conduct-of-business rulesGuideWhat a payment service provider must reportGuidePayments in FranceGuidePayments in Spain and PortugalGuidePayments in IrelandGuidePayments in the Nordic countriesGuidePayments in Norway and Denmark