Settling The Batch - VeriFone VX820 Pin Pad Manual

Settling the Batch

Your terminal batch contains all the daily transactions that need to be settled. Settlement is the process of
managing your electronic payment transactions so they clear through the payment brands and are funded to
your account.
Your VeriFone terminal uses a Host Capture System (HCS) application. In the HCS environment, all transactions
are sent online to the Chase Paymentech Host and are captured at the moment they occur. This includes Returns,
Auth / Force Sales, Voids and Reversals. Auth only transactions are not settled until they are completed or closed.
There are three settlement options for VeriFone terminals.
Host Auto Close
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Auto Settlement
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Manual Settlement
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Host Auto Close
If your terminal is set to Host Auto Close, the host will close the current open batch at a designated time each
day. There is no end of day batch processing required from the merchant.
Manual Settlement
For all VeriFone terminals, if your terminal is configured to manually settle, navigate to Settlement from the Main
Menu and follow the prompts displayed.
Timed Auto Settlement
If your terminal is set to Timed Auto Settlement, it will automatically settle transactions in the current batch at
a specific, predetermined time, within a 24-hour period. When configured, auto settlement begins any time after
the set time occurs if there are transactions in the batch. For example, if auto settlement time is set to 22:30:00
(10:30 PM) then auto settlement occurs at approximately 22:30:00. If the terminal is turned off before the set
time, and turned on again (usually the next morning), auto settlement occurs at that time.
*For VX680, make sure the terminal is connected to a power supply overnight when set to timed auto settlement.
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