Settlement And Reports; Settlement; Auto Settlement; Manual Settlement - Westpac EFTPOS 1 User Manual

6 Settlement and Reports

6�1

Settlement

Settlement for EFTPOS 1 can occur via a programmed terminal Settlement or a Manual
Settlement. The terminal must be powered on and be able to communicate with the bank for
settlement to occur at the programmed time.
Important Points to Remember:
If a Settlement is not performed during the day, all online transactions will automatically be
processed when the bank completes the daily cut-off.
You can only complete settlement once in a 24 hour period. – If you have attempted to settle
twice, you will receive a message saying 'ALREADY SETTLED TODAY'.
ALREADY
SETTLED TODAY
Press ENTER Key
6�2

Auto Settlement

Auto Settlement will automatically force a Settlement daily at the time requested you when
your merchant facility was established. If required, you can contact the Merchant Helpdesk to
change your Auto Settlement time.
42 EFTPOS 1 USER GUIDE
6�3

Manual Settlement

A Settlement can be initiated anytime throughout the day prior to or after the bank's cut-off
time of 9:30PM (AEST).
This function allows you to manually settle for the current trading day.
Step Terminal Display Action
1 Initiate Manual Settlement from the main menu
by selecting "Settlement" on the touch screen
or enter the number of the menu item using the
1. Settlement
keypad.
2. Reprint Receipt
3. Load Params
2 Select the "Cutover" option on the touch screen
Settlement
or enter the number of the menu item using the
keypad to begin settlement.

1. Inquiry

2. Cutover
3. Subtotals
4. Pending All
3 The terminal will connect to the bank and begin
settlement.
Please Wait
EFTPOS 1 USER GUIDE 43