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:
|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.