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Now, most securities transactions settle within two business days of their trade date. So, if you sell shares of stock Monday, the transaction would settle Wednesday.

Payment settlement refers to the process of the issuing bank transferring funds from the cardholder's account, via a payment gateway, to the acquiring bank - the financial institution that accepts card payments on behalf of the merchant.

The POS settlement works in the same way as a bank reconciliation in the sense that it retrieves all transactions since the previous POS settlement. This means that the sales that are registered after the completed POS settlement, are automatically registered on the next settlement.

Once a transaction has been approved, settlement is the second and final step. This is when the issuing bank transfers the funds from the cardholder's account to the payment processor, who then transfers the money to the acquiring bank.

Payment settlement refers to the process of the issuing bank transferring funds from the cardholder's account, via a payment gateway, to the acquiring bank - the financial institution that accepts card payments on behalf of the merchant.

Here is the process: The payment processor sends the transactions to the acquiring bank (i.e., a bank or financial institution that handles card payments for merchants) The funds are deposited in the merchant's account, and the acquiring bank sends transaction details to the card issuer.

Clearing involves network operators routing messages and other information among financial institutions to facilitate payments between payers and payees. Interbank settlement is the discharge of obligations that arise in connection with faster payments either in real-time or on a deferred schedule.