As a reminder—Memorial Day is Monday, May 27. Our offices will be closed. Please be advised that daily settlement processing for Monday, May 27 will be posted with your Tuesday, May 28 business.
Listed below please find a complete listing of all Federal Reserve Bank Holidays for 2019:
|New Year’s Day||Tuesday, January 1, 2019|
|Martin Luther King, Jr. Day||Monday, January 21, 2019|
|Presidents Day||Monday, February 18, 2019|
|Memorial Day||Monday, May 27, 2019|
|Independence Day||Thursday, July 4, 2019|
|Labor Day||Monday, September 2, 2019|
|Columbus Day*||Monday, October 14, 2019|
|Veterans Day*||Monday, November 11, 2019|
|Thanksgiving Day||Thursday, November 28, 2019|
|Christmas Day||Wednesday, December 25, 2019|
*Worldpay will be open for business
Visa and Mastercard follow certain timetables for interchange compliance. In most instances, the networks require you to clear your transactions within 2 days of the transaction date in order to achieve the best interchange rate. Weekends count as 1 day and banking holidays are typically excluded from the interchange timeliness test, meaning you have an extra day for these holidays to submit your transactions and still achieve the best interchange rate.
Please note, Columbus Day and Veterans Day are NOT excluded from Mastercard’s interchange timeliness test. As always, Worldpay recommends that you submit your transactions for settlement within 2 days of the transaction date regardless of day of the week or holiday to ensure that you meet all timelines for interchange compliance.