Original publication date: April 7, 2020
Question:
What happens to a payment that does not make the cut off time? Should we restrict payments after the cut off time, or will they go into a pipeline which will be processed with payments the next day?
Answer:
For payments sent after the cutoff time, the Effective date changes to the following business day, and the payments are processed the following business day (assuming no issues). There is no need to restrict the payments.