When you “batch out” your daily credit card transactions, the process compiles your customers’ payment details and authorization. It generates a file for each transaction which is then stored until it’s sent to the bank along with the authorization codes.
Most of the time, this process takes about 48 hours to complete as the credit card company and the acquiring bank communicate, putting the transaction data through fraud analysis before eventually processing the payment. Basys expedites this process to ensure that you receive next-day funding for credit card transactions.