Batch VS Real-Time Processing

 

Batch Credit Card Processing

In the real world today, providing quick and efficient service is key to a successful enterprise. This is also applicable to the process of accepting credit card payments as processing consumer transactions quickly will also ensure prompt and timely receipt of payments for consumer products. Earn residual income by starting your own successful credit card processing business.

Credit cards can be processed in a variety of ways: either in a batch (batch credit card processing) or in real time. These can be achieved in a number of ways through electronic credit card processing equipment. Electronic processing equipment can help you manage your orders directly via the Internet. This will help simplify your batch credit card processing as it will help you coordinate the many functions that are necessary to process your payments. This form of card processing however has the benefit of being secure and this will certainly be a value added to your customer service.

Credit card processing, whether it's batch credit card processing or real time processing can take place through a virtual machine where mail notifications are manually added. This same function can also be managed by linking your web site directly to the credit card and bank system.

Real time credit card processing usually has the advantage of great processing speed as the transaction is processed almost instantaneously. However this benefit comes with the disadvantage of a lower percentage of security and thus a greater risk of credit card fraud.

Batch credit card processing on the other hand, works well with smaller scale enterprises where several credit card transactions are processed simultaneously, in a batch. With this, there is a definite lower risk of credit card fraud and you will be able to offer your customer and your business the assurance of transaction security.

Whichever method you choose for your own business, be it real time processing or batch credit card processing remember that perfecting this procedure will help you offer fast, reliable and secure transaction services to your customers. This   will help you lay the foundations for a successful business.

Reference source from:

http://www.active-venture.com/credit-card-processing/batch-creditcard-processing.htm

Examples of transactions in our daily lives

For Real Time happens live! And it means there's no turning back!

Batch Processing means things are put into queue and it is processed when a certain amount if items is reached, or when a certain period has passed.

Transaction is like real time except that it allows you to rollback, or to undo changes.
For example:In a bank transaction, I tried to deposit money to friends account.

1. In REAL TIME, the money is DEPOSITED right away as soon as i handed the money and there's no turning back!

2. In BATCH PROCESSING, the bank would just queue my request to deposit amount. A better example would be if we try to deposit money to a foreign account (bank account in another country), the bank would just put our request in queue with all the other inter-bank/country requests and process them at the end of the day or when they reach a certain amount.

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