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Can the time of a transaction be determined to minute or greater accuracy from a bank feed?

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Question added by Abdullah Mahhaden, CFA, CPA , Assurance Manager , Grant Thornton
Date Posted: 2013/06/18
nawal baoussidi
by nawal baoussidi , secretary , Hôtel Emilio Moretti

If we are speaking of a Credit Card or Non Pin Debit cards, transaction time is available down to the second.  However, this data is technically just the authorization and not the capture or deposit.    Also there are significant differences in Authorization Networks and payment gateways that connect to these networks that may impact the usefulness of this data.

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