Optimize the management of sales outlets and their receipts.

ABI 09 bank description, POS collection

POS collections come from companies' retail collections, from devices installed at points of sale, or from ecommerce portals.
In all these cases, the actor in the transactions is the acquirer, the entity that actually asks the card issuers whether to authorize the funds.
The acquirer collects the flows or transactions over a period of time, usually a day or fraction of a day, when the user requests the closure of the POS.

The ''closures'' are the basis for the entries on the statements.

The closure summarizes the transactions of an outlet or portal for a period of time, by circuit, also to allow the control of commissions, which often differ by circuit.

These closures are written to the media of the physical POSs, and where possible automatically transferred to the cash register software and collected in a dedicated database concentrator, also to track charges by circuit and assign them to the store that produced them.

Should these cash register closures not be acquired, control problems begin, for which customers have invented various solutions.

Better to automatically intercept the information than to deal with the consequences of not doing so.
By doing so one has the same information in house as the acquirers: there’s no longer a need for thousands of POS transactions every day in the treasury bank account to do the checks.

For the bank account there is simply a total per acquirer, while the details are logged in the company concentrator. 

In addition to aggregating the daily closures, one could have the POS income credited to a specialized bank account, cash pooled with the treasury account.

Anything is better than seeing thousands of 09 - POS transactions in the bank account every day!