Batch processing is the collective handling of a group of transactions at once, often at scheduled times, allowing for efficient processing and settlement of multiple payments.
In the travel industry, batch processing can be used to streamline the settlement of numerous small transactions, improving operational efficiency and reducing transaction costs.
Managing batch processing involves ensuring all transactions are accurately included and correctly settled, requiring efficient coordination and reconciliation to prevent issues like duplication or omissions.
- Batch processing handles multiple transactions collectively.
- It improves efficiency for processing travel-related payments.
- Accurate transaction management is critical for successful batch processing.
Felloh optimises batch processing for travel companies by enabling the efficient handling of multiple transactions at once. This streamlines operations, particularly for high-volume payments like refunds or affiliate payouts. By automating and scheduling batch processing, Felloh reduces manual work, minimises errors, and ensures that payments are processed accurately and on time. With real-time tracking and reporting tools, Felloh provides transparency and control, allowing businesses to manage large transaction volumes efficiently.
Bulk settlement occurs when multiple individual transactions are processed and deposited into your bank account as a single batch. For example, if you receive 10 x £500 payments in one day, a £5000 bulk settlement will be deposited the next day. Felloh’s system breaks down each bulk settlement, associating the settled funds back to individual bookings, making reconciliation easy.
