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End-of-day processing and settlement

Depending on your terminal type, your transactions may be automatically sent to AIB Merchant Services for processing or you may be required to manually submit your transactions for processing at the end of the business day.

There are some key points to remember:

  • AIBMS have two processing windows each business day – midnight and 2a.m. Your processing window is determined by your terminal type.
  • Settlement into your bank account occurs Monday through Friday, excluding bank holidays in the jurisdiction where the receiving bank account is held.
  • Payment is net of any suspended or rejected transactions, which may be invalid based on card scheme rules and may need to be resubmitted for processing.
  • If you have any queries about the amount you have been funded, please contact our Merchant Support Centre and we can address these for you.

Choose the tab that relates to your terminal type.

  1. Sagepay Verifone
  2. Ingenico
  3. Spire / Hypercom

Sagepay Verifone

The terminal is configured to upload the day’s batch of transactions to the bank automatically at a designated time between 22.00 – 00.00. You should ensure that your terminal is always left powered on during this time.

If you wish, you can manually upload the batch. To do this:

  1. Go to the main menu and press REPORTS.
  2. Select UPLOAD BATCH.

Alternatively, when you set up Manual Batching, the Helpdesk can advise the cut-off time by which you must manually batch each day to avoid funding delays. Failure to batch in a given day will result in that day’s transactions being settled on the next business day.

Ingenico

At the end of each business day, the settlement procedure MUST be performed on the terminal. For the totals to display correctly, this must be done during the ‘Banking Window’ time set by AIBMS. If you do not do this, you may experience delays in funds being transferred into your bank account.

  1. Press MENU twice and press Enter to select Totals.
  2. Press Enter again to select End of Day.
  3. Swipe the Supervisor card.
  4. If the terminal displays additional prompts, press Enter until the terminal starts to print the Banking report.

Spire / Hypercom

At the end of each business day, the settlement procedure MUST be performed on the terminal. For the totals to display correctly, this must be done during the ‘Banking Window’ time set by AIBMS. If you do not do this, you may experience delays in funds being transferred into your bank account.

  1. On the top row of the terminal, press the SETTLE key.
  2. Swipe the Supervisor card when prompted.

If you only accept Visa, MasterCard and CUP, the terminal prints off a receipt of the transactions for your records.

If you accept American Express or Diners cards, the terminal will list AIBMS, AMEX and Diners. Select each one in turn. The terminal prints off a receipt of the relevant transactions for your records. Repeat using the SETTLE key for the other cards.


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