What are the types of payment, and when are transactions processed?
There are two types of payment – CHECK and ELECTRONIC. 1) CHECKS are printed and mailed from Myriad Systems Incorporated in Oklahoma City, Oklahoma. Payments submitted, recurring or one time, between 1 p.m. and 3 a.m. (Eastern Daylight) Monday through Friday will be processed at 3 a.m. (Eastern Daylight.) Payments submitted between 3 a.m. (Eastern Daylight) and 1 p.m. (Eastern Daylight) Monday through Friday will be processed at 1 p.m. (Eastern Daylight.) Any payments submitted after 1 p.m. (Eastern Daylight) on Friday will be processed the next business day. 2) ELECTRONIC payment information is sent to Princeton eCom. Princeton eCom sends electronic payments to the payees on the same day they are processed. Please allow at least 3-4 business days for electronic payments to reach the payee by the due date.
A. There are two types of payments – CHECK and ELECTRONIC. CHECKS are printed and mailed on the same day that they are processed. ELECTRONIC payment information is sent to the payees on the same day they are processed. All payments are processed twice a day. The first processing begins at 3:00 a.m., and the 2nd processing begins at 1:00 p.m. Any payments entered after the 3:00 a.m. processing, and before the 1:00 p.m. processing will be processed the same day.
