How does real-time transaction processing work?
eProcessingNetwork processes merchants transactions using each merchants own merchant account. eProcessingNetwork does this on a real-time basis by contacting each acquiring bank’s processor who in turn contacts the bank that issued the credit card to the cardholder. It is the issuing bank that provides the response to eProcessingNetwork as to whether the transaction is approved or declined. eProcessingNetwork NEVER makes a decision on accepting a credit card other than to confirm that the card number and expiration date given are valid. eProcessingNetwork saves approved transactions into a batch, and closes batches on a daily basis, sending merchants a Close Batch Report email detailing the number of transactions and dollar amount of the batch. Closing a batch is what signals the issuing and acquiring banks to fund the transactions within the batch. The Close Batch Report emails that you receive from eProcessingNetwork are your proof that your processor has accepted your batch for set
