Day Cycle
Definition of 'Day Cycle'The time period alloted for the delivery of Automated Clearing House debits and credits from an originator to its processor. Typical hours are between 8:00am and 1:00pm eastern standard time (EST).Also referred to as daytime window. |
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Investopedia explains 'Day Cycle'The implementation of deadlines for receipt of electronic files from the originator help ensure that the processor will be able to process all transactions in a prompt and efficient manner. |
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