LML reports and statements are designed for merchants’ convenience and ease of use, and are superior to those for credit card acceptance. LML has certified the best-known point-of-purchase terminals for merchants’ use with our Electronic Check Conversion system; POP terminal reports are supplemented by those produced by LML.

Reports produced at the point-of-purchase terminal include:

• transaction receipts, printed at the terminal and signed by the consumer;
• current sales reports, both detail and summary, showing all transactions in the current (open) batch. These reports can be produced at any time, whether for balancing at the end of the day/shift or for inquiries during the day. The detail report shows every transaction with its processing type, approval number, status and amount;
• batch close-out reports, printed when the merchant closes a batch of approved electronic check transactions (typically at the end of the day/shift) for settling by LML’s processing center.

LML Merchant Statements can be provided electronically or in paper form and include:

• summary statements, showing all batch closes in the period with numbers of captured and non-captured items, and associated total credits, fees, and miscellaneous debits or credits, to easily reconcile with the merchant’s bank statement;
• detailed statements, available on request, showing all transactions and batch closes with the response, approval number, transaction amount, deposit amount, fees, with a separate total for non-captured (declined) items.

For more information about our services, contact LML Payment Systems – consumer friendly, merchant driven.