Settlements Reports
Overview
A settlement is the transfer of funds from shopper to merchant via all the check-up phases such as verification by bank and acquirers, after the transaction itself has been finalized. Settlements are initiated by the system internally.
In Verifone Central, under the Reports menu, you can access the Settlements Reports where you can search and filter your organization's settlement batches. The Settlements Reports include all the transaction settlement batches sent to your bank or payments processor. You can select the date range and the organizations for which you would like to create and view the reports. Also, you can filter reports by settlement status.
The reports have been made available for the following processors and acquirers:
- Verifone
- NETS
- EVRY
- Swedbank
- ABS
- Wynid
Generate a settlement report
To generate a settlement report from Verifone Central, follow these steps:
- Log in to your Verifone Central account.
- Navigate to Reports, and click on Settlements in the drop-down menu.
- In the next window, you can choose to filter the information displayed in the report based on Processor and/or Status of the settlement. If you want your report to list settlement batches based on a particular processor (for example, InterCard), click on the Processor filter, select the desired processor (in this case InterCard), and hit Apply.
Report fields
- Created - date and time when the batch collection is created
- Batch Number - a non-unique identifier of the settlement batch given by the processor
- Organisation - the name of the organisation the settlement is made for
- Processor - name of the acquirer institute or processor, if available
- Point of Interaction ID - the Terminal ID or any other ID that identifies the card accepting device
- Transactions - number of the transactions within the batch
- Amount - the net amount (balance) calculated from all the transactions in the batch (debit amount - credit amount)
- Status - current status of settlement process. Possible values:
- Awaited - The initial state when a batch is created, the batch is considered open, the collection of transactions is still in progress.
- Initiated - The state is closed, no more transactions can be added and the totals are calculated. The transaction has not yet been submitted to the acquirer.
- Submitted - The batch file is submitted to the acquirer.
- Response Received - Received acknowledgement from the acquirer. It is an intermediate acknowledgement before acquirer-side processing has taken place.
- Completed - The acquirer has successfully accepted the full batch.
- Rejected - The whole batch has been rejected by the acquirer.
- Error - Some transactions could not be settled.
Settlement details
Click on a settlement batch to view more details. The side panel is divided in two tabs: Transactions and Batch.
The Transaction tab displays the following details:
- Transaction summary - the number of all the incoming (sale) and outgoing (refund) transactions and the total amount for each
- Total amount - the net amount (balance) calculated from all the transactions in the batch (Incoming – Outgoing)
In the Transaction tab, you can also click on the View transactions and Download summary buttons.
The View transactions button will redirect you to the Transactions report page and display the transactions for this settlement batch.
The Download summary button allows you to download acquirer specific summary reports. This feature is currently available for the following acquirers:
- ABS
The Batch tab displays the following details:
- Batch Created - the date when the batch is opened
- Settlement date - the date when the batch is closed and submitted for settlement
- Batch Number - non-unique identifier of the settlement batch given by the processor or acquirer
- Settlement Batch ID - unique identifier of the settlement batch generated by Verifone
- Batch Reference - an acquirer reference number, if available
- Merchant ID - the ID of the merchant
- Application ID- the ID of the application. This detail is currently available for Wynid.
- Point of Interaction ID - the Terminal ID or any other ID that identifies the card accepting device
- Processer - name of the processor
- Acquirer- name of the acquirer institute