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Daria
What does it mean 'BATCH/HOST' in a cheque?
MERCHANT: 11111111
TERMINAL: 11111111
SEQUENCE: 1111
BATCH/HOST: NI
30 nov 2019 10:35
Risposte · 3
1
"batch" tends to mean doing multiple things in one go. Such as sending out a lot of paycheques in one operation.
Googling leads to many pages that talk of instructions on how to arrange accounting and payroll software to issue multiple cheques for this sort of thing.
Sorry, not my area.
Paying a number of creditors - MoneyWorks
https://www.cognito.co.nz › manual › moneyworks_creditors_paying_a_n...
To pay a number of creditors at one time, use the Batch Creditors Payments ... Payment Method: In practice you may pay some creditors by cheque, some by ...
A glossary of terms used in payments and settlement systems ==>
batch
the transmission or processing of a group of payment orders
and/or securities transfer instructions as a set at discrete intervals
of time.
No entry for "host"
Host may be an extenson of the normal English meaning of the word, altough this sort of sense seems rare in finace. That is it may mean the issuing place, organisation or system.
Cheques are rare here now. Little experience.
30 novembre 2019
Turned my comment into a partial answer.
30 novembre 2019
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Daria
Competenze linguistiche
Inglese, Francese, Tedesco, Russo
Lingua di apprendimento
Inglese, Francese
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