abstract:Memo-posting is a term used in traditional computerized banking environments where batch processing is employed. It represents temporary credit or debit transactions/entries made to an account for which the complete posting to update the balance will be done as part of the EOD(end-of-day) batch processing.
"Competition among business divisions" over which one had the "youngest" receivables "has stimulated the posting of memo entries in advance of actuals, " Folk, the revenue operations chief, wrote in a 1997 e-mail quoted in a lawsuit later filed by an MCI partner.