The cutoff time is when the transaction window closes and the cumulative transactions (batch file), since the last cutoff time, are submitted (batched) to the ACH network for processing. The cutoff time for Forte’s ACH merchants is approximately 4:30pm Pacific time Mon – Friday except on bank holidays.
Credit Card transaction cutoff varies by type and acquirer. Transactions originated (see “origination”) following these times will be sent in the next batch file.
|Global, East||8pm PST|
|First Data, DL host||10pm PST|
|First Data ISO 8583 (current)||5:00pm PST|
|Vantiv, IBM||5pm PST|
Note: These times are reflective of when Forte begins to settle to each acquirer. Forte does not control the acquirer’s settlement time. Processing with a 3rd party Acquirer, outside of Forte’s service, may result in delayed settlement depending on the acquirer’s settlement flexibility.
On a case by case basis Forte offers midnight cutoff (in the merchant’s time zone) to assist merchants in reconciling deposits. This will cause a delay for Credit Card settlement/funding. ACH settlements will be moved to a 1 day hold (faster funding) and will incur fees consistent with a 1 day hold (Faster Funding form must be completed). (See ACH Faster Funding below).