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NEWS REPORT :
MasterCard RPPS Continues to Add Value with Wide Variety of Service Enhancements
(Page 4 of 4)
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"A rejected payment that takes one day for our multicycle players to turn around could take up to three days for single-cycle participants," Smith added, "because they can't get it back into the system until the next day. Obviously, the multicycle option can boost productivity dramatically, and the implementation of the fourth cycle will only add to that differential."
Smith also noted that multicycle West Coast participants have relied heavily on the 8:00 p.m. CST cutoff. The new cutoff will likely reduce the processing load for that cycle and could help improve participants' operational efficiency.
The fourth cycle is planned for implementation in May 2003, and cutoff times for the four cycles processed by MasterCard RPPS will be as follows:
| Cycle |
Cutoff Time (CST) |
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| 1 |
12:00 P.M. |
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| 2 |
5:00 P.M.
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| 3 |
8:00 P.M.
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| 4 |
2:00 A.M. |
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Current multicycle participants will automatically be enabled for the fourth cycle. They need not call MasterCard RPPS to enroll. They will, however, need to perform testing prior to using the new cycle to ensure they can accept the additional file.
Single-cycle participants interested in improving their payment timeliness with the multicycle option should call MasterCard RPPS Operations and Customer Service at 800-207-7605 to get started.
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