19. Settlement
Settlement transfers the value of the day’s EftPOS Transactions to your bank account.
When you initiate Settlement between 6:00am and 9:00pm (Melbourne time), ANZ
accounts will be updated for credit and debit card Transactions overnight and the
funds will be available the next banking day (non-ANZ bank accounts will be updated
within 2-3 working days). American Express, Diners Club and JCB will credit your bank
account separately with the total of their Transactions a few days later.
The terminal cannot be used while Settlement is being processed so it is a good idea
to initiate settlement during a quiet period.
It is strongly recommended that Settlement be performed at the same time each day.
ANZ automatically performs Settlement for you if it has not been completed by 9:00pm
(Melbourne time). After ANZ has automatically settled, the terminal will print the
Settlement report at the time you next perform a Transaction.
Remember to clear all EFB and Tip Transactions and print your reports prior to
Settlement.
How to initiate manual settlement
From this screen, keep pressing ENTER until the
ANZ EftPOS screen is displayed.
Select SETL by pressing the CR soft-function key
Select Sub Totals (SUB) by pressing the CHQ
soft-function key or Summary Totals (SUMM) by
pressing the SAV soft-function key.
The terminal dials ANZ.
If you select SUB, this screen displays. The terminal
will generate a totals report prior to completing
Settlement.
If you select SUMM, this screen displays. The
terminal will generate a summary report prior to
completing Settlement.
01/01/2005 12:08
SWIPE OR
INSERT
CARD
TOTALS REQD
SUB SUMM
DIALLING
SUB TOTALS
ANZ EftPOS
TOTL DETL SETL
SUMM TOTALS
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