Batch Processing
Batch processing is a payments industry referring to the collection and processing of credit card transactions. Sales for a specified period of time – typically one business day – are collected and processed together in groups (or “batches”), rather than one at a time.
Submitting batches of transactions at regular intervals can save merchants considerable time and labor. At the same time, it ensures that all the day's earnings are accounted for and processed systematically. That also lowers the chance of accounting mistakes or lost transactions.
Batch processing is particularly cost-effective for businesses with high volumes of transactions. It can help regulate cash flow and speed up account reconciliation. It also puts a focus on daily sales, which can be a big help when it comes to financial planning and decision making.