Chapter 4–End of Day Reconciliation
© 2019 Fexco. All rights reserved.
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Chapter 4 End of Day Reconciliation
Fexco OpenConnect has replaced the Batch function used previously by Fexco terminals.
Settlement of transactions from Fexco terminals is managed by Fexco OpenConnect and is based on a
Host Session
. All transactions received from a terminal during a Host Session are sent to the acquiring
bank for settlement. See “Section 4.3, OpenConnect Host Sessions per Acquirer,” on page 27.
Terminal totals are performed by the
End of Day
(EOD) process, which is managed by the merchant
for the purpose of reconciling the day’s transactions. To ensure the EOD totals reconcile with the Host
Session totals, merchants are advised to complete the EOD process within the Host Session time
frame as determined by the merchant’s acquirer. See “Section 4.3, OpenConnect Host Sessions per
Acquirer,” on page 27.
4.1
Reviewing the End of Day Reconciliation Report
To ensure that your statement totals balance, it is important that you carry out your End of Day
Banking before the cut‐off time set by your acquirer.
To generate the End of Day report:
1.
Press
F2
CREDIT/DEBIT
2.
Press
2
END OF DAY
3.
When prompted, key in the
End of Day (EOD)
password, and press
Green
.
4.
Wait until End of Day report is printed.
The End of Day report is illustrated in “Figure 4.1, End of Day Reconciliation Report,” on 26. The End of
Day Reconciliation report is described as follows:
Description
Local Totals
The totals of transaction value and transaction count held on the
terminal since the previous EOD reconciliation was completed.
Shows the sales and refunds, where DR is Sales and CR is Refunds:
•
DR 0004 indicates 4 sale transactions
•
CR 0003 indicates 3 refund transactions
Note
:
Debit and Credit are from the cardholder’s point of view.
Transaction numbers
Sales
Refunds
