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Acquiring Bank

An Acquiring Bank is a financial institution that maintains a contractual relationship with the merchant. Acting as a “middle man,” the acquiring bank receives credit card transactions from the merchant or from the card acceptor / payment gateway, and then settles those transactions with the issuing banks.</description>
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        <description>How To Do

Change Shared Secret

To set up a new Shared Secret or to change an existing one, you need to:

	*  Go to Terminal under “Settings” Menu.
	*  Find two fields called “Secret” and “Confirm Secret”.
	*  Enter your new Shared Secret</description>
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Closed Batch

A Batch is an accumulation of credit card transactions settled to the acquiring bank together, intended to be funded to your bank account in one “Batch”. The batch may contain sales transactions, refunds, voids, and other credit card transaction types. Typically, there are two types of batches: Open and Closed.</description>
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