What is the Capture Date in transaction processing?

The Capture Date in transaction processing refers to the specific date on which a transaction is processed for settlement. This is a critical step in the transaction lifecycle, as it marks the point when the transaction is officially recorded and the funds are either held or transferred. The capture date is essential for reconciling transactions and ensuring that the financial aspects of the transaction are accurately tracked.

During processing, the capture date may influence payment cycles, reporting, and reconciliation processes for both merchants and financial institutions. Understanding this date helps entities monitor cash flow and manage their accounts accordingly, making it a key component of transaction management in financial operations.