Settlement cycle
Hi,
“The payment terminal ran a settlement cycle even though I didn’t press any buttons.”
“I ran a settlement cycle through the payment terminal at the end of the day.”
Can ‘run a settlement cycle’ be used when talking about closing all the transactions that have been processed since a particular time?
I am aware of other ways of saying it, but I’m interested in the wording I mentioned above.
Thank you.
Top answer
" Do you mean a kind of ATM? A cycle is a regular period of time, such as monthly or quarterly, or a repeated pattern over time. com/baycollege-introbusiness/chapter/reading-the-business-cycle-definition-and-phases/ or economic cycle.
- " Do you mean a kind of ATM?
- A cycle is a regular period of time, such as monthly or quarterly, or a repeated pattern over time.
- com/baycollege-introbusiness/chapter/reading-the-business-cycle-definition-and-phases/ or economic cycle.
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I have never encountered the term "settlement cycle." Nor have I ever seen "payment terminal." Do you mean a kind of ATM?
A cycle is a regular period of time, such as monthly or quarterly, or a repeated pattern over time. Common expressions are the https://courses.lumenlearning.
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