Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does the Extra Credit Unions Online Bill Payment and Presentment processor use a process-date or due-date processing model?

April 26, 2017credit extra online Presentment processor unions

0

Posted

Does the Extra Credit Unions Online Bill Payment and Presentment processor use a process-date or due-date processing model?

1 Answer

0

Posted

The Bill Payment processor uses the process date model. The process date model is advantageous because it reduces confusion about the timing of the payment debit and when payees are in receipt of payment.