Batch Payment Processing
Batch payment processing is a method of handling multiple financial transactions simultaneously as a single group, rather than individually. It involves collecting payment requests over a period (e.g., daily or weekly) and submitting them in bulk to a payment processor or financial institution for execution. This approach is commonly used for payroll, vendor payments, subscription billing, and other recurring or high-volume payment scenarios to improve efficiency and reduce costs.
Developers should learn batch payment processing when building or maintaining systems that handle recurring payments, payroll automation, or bulk financial operations, as it optimizes resource usage and minimizes per-transaction fees. It's essential for applications in e-commerce, SaaS platforms, banking, and enterprise resource planning (ERP) where processing thousands of payments efficiently is critical. Understanding this concept helps in designing scalable payment architectures that comply with financial regulations and reduce operational overhead.