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Holiday Reminder – Thanksgiving Day

Thanksgiving is Thursday, November 23, 2017. Vantiv offices will be closed. 

 

As a reminder – Thanksgiving is Thursday, November 23, 2017. Our offices will be closed.  Please be advised that daily settlement processing for Thursday, November 23 will be posted with your Friday, November 24 business.

Listed below please find a complete listing of all Federal Reserve Bank Holidays for 2017:

Holiday Date
New Year’s Day (observed) Monday, January 2, 2017
Martin Luther King, Jr. Day* Monday, January 16, 2017
Presidents’ Day Monday, February 20, 2017
Memorial Day Monday, May 29, 2017
Independence Day Tuesday, July 4, 2017
Labor Day Monday, September 4, 2017
Columbus Day* Monday, October 9, 2017
Veterans Day* Saturday, November 11, 2017
Thanksgiving Day Thursday, November 23, 2017
Christmas Day Monday, December 25, 2017

 

*Vantiv 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, Vantiv 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.

 

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