2. Introduction
• With offices in Germany, the United Kingdom, Hong
Kong, India, Macau, and the United States, Allied
Wallet is a global payment gateway offering
innovative and safe payment solutions. Allied Wallet
offers clients a simple and intuitive batch processing
tool for efficient cash management and reduced
transaction costs.
Batch processing is a useful tool for processing large
volumes of payment transactions at the same time.
When you process a batch payment, the bank that
issues the card authorizes the transaction and sends
a code to the merchant.
3. Batch Payment Processing
• This code is then stored in a data file on an electronic
payment gateway to hold the information until the batch
of payments is ready to be settled.
Once the batch is ready for settlement, a merchant
uploads all the authorization codes, and all payments are
processed simultaneously. Merchants can typically close
a batch payment at any time, but they may save money
by holding off until the end of a business day, or until the
batch of payments is complete. Credit card companies
use batch processing to bill their customers, resulting in
a monthly bill covering all purchases made during the
month and closed at the end of the billing cycle.
