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Definition of



credit card transactions submitted together a collection of credit card transactions including authorizations, payments, and credits saved for electronic submission to an acquirer for settlement. The merchant is encouraged to submit one large batch rather than several small ones by being charged a fee for each batch submitted.

Definitions of ’batch’ and meaning of ’batch’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’batch’ and other financial terms with our online QFINANCE Financial Dictionary.

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