End Of Day Functions; Settlement - VeriFone VX690 User Manual

5.0

End of Day Functions

5.1

Settlement

Settlement for the terminal can occur via a programmed terminal settlement (automatic-
Settlement) either by Live eftpos or by the PC-EFTPOS software or by a manual settlement.
Failure to perform a Settlement may result in split deposits for Settlements.
The terminal and POS must be powered on for settlement to occur at the programmed time.
Note: A settlement can only be performed once in a 24-hour period. You cannot settle
between 9:30PM and 11:00PM (AEST).
To enable an Automatic Settlement:
The terminal will have a default Automatic Settlement time (unless nominated by you at the
time of application), which can vary by business. You (as the authorised
signatory) may contact Live eftpos to change the default Automatic Settlement time.
Alternatively, a scheduled task can be setup via the PC-EFTPOS EMS client, to schedule an
Automatic Settlement time. Refer to your POS vendor or PC-EFTPOS for assistance.
To process a Manual Settlement:
Terminal Screen
SETTLEMENT
Please Wait
SETTLEMENT
APPROVED
32
Live eftpos integrated User Guide
Next Step
Start by initiating the transaction via the POS interface.
Wait for the Settlement processing screen to complete.
A successful message will display when the settlement is
approved.