A settlement batch is the group of card transactions a merchant submits together — typically once a day — to be cleared and funded. The batch total is the verified amount that actually moves to the merchant’s bank account.
Settlement is the payment system’s moment of truth, which makes it the honest trigger for rewards: accrual on settled batches tracks real money, not estimates. In Prestige Rewards, points post automatically when batches settle — typically the same day — at the merchant’s program earn rate.