Payveris P2P Cutoff Time Established

Payveris Bill Pay offers members a P2P (Person 2 Person) solution.  Currently, as long as the recipient accepts the P2P email or text by 5:00 PM ET, the funds will be sent to that member on the same day.  By using PayWatch (Payveris Fraud Tool), we have learned that if someone’s P2P triggers a fraud rule between 4:00 PM and 5:00 PM ET, there is not enough time to review the transaction prior to processing.  Therefore, a P2P cutoff time has been established.

Effective March 1st, All P2P transactions requested at 4:00 PM ET or later will process on the following business day after the member accepts the P2P text or email.