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What is Metavante Corporations definition of a late payment?

April 26, 2017corporations definition late Metavante payment

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What is Metavante Corporations definition of a late payment?

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A late payment to a payee is defined as a payment that has not arrived at the payee within the allowable number of days (5 business days for check payments and 3 business days for electronic payments) from the time the user scheduled the payment.