Chase Ingenico ict220 Quick Reference Manual - Settling The Batch
INTEGRATED CONTACTLESS AND CHIP TECHNOLOGY
CONTACTLESS PAYMENTS
Your Ingenico terminal automatically accepts contactless
payments. Your customers can tap or wave their
contactless form factors (cards, fobs, mobile phones,
etc.) on or near the device to submit account information to the
terminal, removing the need to swipe, insert or manually key.
During a sale transaction, the terminal will display the “Insert/
Swipe/Tap/Key Card” prompt and the contactless symbol. At
this time, customers with contactless-enabled form factors should
touch or “tap” them on the terminal’s screen. Your terminal will
process contactless payment transactions as if a card were
swiped or inserted.
As an added security measure, transaction amounts over a
pre-set threshold may require a card swipe or insert.
SMART CHIP CARD TECHNOLOGY
Your Ingenico device also supports smart chip card technology.
A chip payment card looks just like a magnetic stripe card with
a chip in addition to the standard magnetic stripe on the back
of the card. What you see on the card is not the actual microchip,
but a protective overlay. The microchip provides an additional
level of authenticity for the transaction.
When a customer presents a chip card, you should initiate a
sale and then pass the terminal to the customer. The customer
inserts their card into the chip reader at the bottom of the
terminal, where it should remain until the transaction completes.
This ensures that the card never leaves the customer’s possession
and that your business does not accept counterfeit plastics.
Refer to page 16 for answers to your chip technology questions.
Our goal is to provide
you with the latest
technology to help
you make the most
of your payment
processing services.
For added conve
nience and security
for both you and
your customers,
your Ingenico device
supports both
contactless and
smart chip payments.
Note: Smart chip
acceptance at the
individual merchant
level may depend
on setup variables.
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SETTLING THE BATCH
ABOUT SETTLEMENT
A Settlement operation is used to close the current batch and
open a new batch for logging and accumulating transactions.
Your Ingenico terminal uses a Terminal Capture System (TCS),
meaning it stores transactions throughout the day and sends
batch totals of sales and refunds to the host (Chase Paymentech)
after the close of business.
THERE ARE TWO SETTLEMENT OPTIONS
1. Manual Settlement
If your terminal is set to manually settle, press
[Enter]
and
select
Settlement
from the main menu, then follow the prompts
displayed.
2. Auto Settlement
If your terminal is set to automatically settle, it will automatically
settle transactions in the current batch at a specific, predetermined
time, within a 24-hour period. When configured, auto settlement
begins any time after the set time occurs if there are transactions
in the batch.
For example, if auto settlement time is set to 22:30:00
(10:30 p.m.) then auto settlement occurs any time after
22:30:00. If the terminal is turned off before the set time, and
turned on again (usually the next morning), auto settlement
occurs at that time.
Your transactions
must be “settled” daily.
Read this section to
ensure the settlement
process operates
smoothly.