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Memo-posting is a banking practice used in traditional batch processing systems where temporary credit or debit entries are made to an account before the final balance update occurs during end-of-day (EOD) processing. The temporary entry created during memo-posting is reversed once the actual transaction is posted during batch processing.
Memo-posting systems often need to go off-line while the database is re-loaded to prepare for the next day's business. Real-time systems do not need that re-load window. Sometimes real-time posting is thought to mean 'there is no batch'. This is not always the case. Real-time posting systems may still need to support batch processing.
The word Post is derived from Old French poste, which ultimately stems from the past participle of the Latin verb ponere 'to lay down or place'. [3] So in the U.K., the Royal Mail delivers the post, while in North America both the U.S. Postal Service and Canada Post deliver the mail. The term email, short for "electronic mail", first appeared ...
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Memo written by a White House staff member during the tenure of Jimmy Carter as US president. A memorandum (pl.: memorandums [1] [2] [3] or memoranda; from the Latin memorandum, "(that) which is to be remembered"), also known as a briefing note, is a written message that is typically used in a professional setting.
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As I checked my email the next morning, I saw the note and made a mental plan to drop the package at the post office on my way to work. Then I finished getting dressed, gulped down the rest of my ...
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