82ad790e_and_Merchant_Services_Glossary__Definition
[Term] Batch Settlement [Definition] 
An electronic procedure in which the front-end processor consolidates the transactions within a group or batch and forwards the batch to the back-end processor for submission to the card company for clearing and later settlement or payment of funds to the acquirer. The acquirer then funds the merchant’s account for payment.
Credit Card Processing and Merchant Services Glossary
Definition