What does the 'settlement/discount' report provide in transaction processing?

The 'settlement/discount' report is crucial in transaction processing as it details the monthly transactions categorized by card type and associated fees. This report provides merchants with a clear view of both the volume of transactions processed and the costs incurred for different types of card payments, including credit and debit cards. By sorting transactions in this manner, businesses can better understand which card types are most frequently used, allowing for more informed decisions in terms of payment processing strategies, potential negotiations with payment processors, and overall financial planning. This information is foundational for merchants seeking to optimize their payment processing costs and improve their cash flow management.