Posting occurs when debits or credits are deducted from the cardholder’s account.
Funds are immediately held in your account when you make a debit or a credit card purchase, however the debits and credits are only posted when the bank has completed processing at the end of the day and the bank then hard-posts them. Hard-posting a transaction means funds have changed hands and the transaction has completed. Every debit or credit must have an offset before it can be posted, so every deposit slip credit must have a debit or a combination of debits that offset it exactly for it to complete posting.
The bank can post online immediately through online banking the updated current balance for the customer to see.
Payment Processing Services by NOIRE
NOIRE provides industry leading online payment processing services & risk management technologies. Designed using NOIRE, “Simply Switch On”, approach to payment processing, our payment solutions are built using the latest payment processing technology enabling businesses to “Plug In” and “Switch On” payment modules with ease if and when required.
As a leading Payment Service Provider, you can trust NOIRE to find the right solution for your business. We provide everything in one simple agreement – your Internet Merchant Account, Payment Gateway and Payment Processing with all the leading cards issuers. Combined with NOIRE’s industry leading fraud & risk management solutions, merchants can be confident managing their payments safely and securely from beginning to end with NOIRE.
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