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Closing (CL) Section ---------------------------------------------------Subsection 1: MPC Authorization Forms (Round 1 through Round 5) ---------------------------------------------------- ---------------------------------------------------CONTEXT
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MEPS (Member Establishment Payment System) closing is the process of settling financial transactions and balances between member establishments and the payment system provider.
Member establishments that are part of the payment system are required to file MEPS closing.
MEPS closing can be filled out by submitting the required financial transaction details and balances through the designated online portal or platform provided by the payment system provider.
The purpose of MEPS closing is to ensure accurate financial reconciliation and settlement between member establishments and the payment system provider.
The information reported on MEPS closing includes details of all financial transactions, balances, and any discrepancies that need to be addressed for settlement.
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