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Well said, Nathan. Dan, you're up to bat.
Paul Nelson
Cell 708-670-6978
Office 512-392-2577
nelsonp@xxxxxxxxxxxxx
-----Original Message-----
From: midrange-l-bounces@xxxxxxxxxxxx
[mailto:midrange-l-bounces@xxxxxxxxxxxx] On Behalf Of Nathan Andelin
Sent: Tuesday, May 14, 2013 4:18 PM
To: Midrange Systems Technical Discussion
Subject: Re: Recommendations for a newcomer?
Why would anyone waste an eight-way processor on
one-card-at-a-time batch.
That reminded me of bank check-clearing operations. Check readers process 1
check at a time, building "batches" which are subsequently posted against
accounts. Clearinghouses still accumulate debit and credit card transactions
then route them to financial institutions in batches. Payrolls generate
batches of ACH transactions, which are submitted to clearinghouses. ACH
transaction received by financial institutions are posted as batches and
allocated to various deposit and loan accounts. Batches of email notices and
confirmations are generated based on ...
A lot of batch operations are part of End of Day, End of Month, End of
Period processing.
-Nathan
midrange.com
