As the global travel community continues to recover from the impact of the COVID-19 pandemic, ARC recognizes the enormous pressures facing our customers and partners. The transformation of the marketplace is unlike anything seen in the travel industry before.
ARC continues to evaluate the performance of its service providers to ensure they meet ARC’s standards for reliability, security, and consistency. As such, ARC has decided to transition its settlement processing bank from US Bank to TD Bank, effective Period Ending Date July 18, 2021 (PED 07/18/2021). We feel this decision will provide a stronger relationship that brings value to ARC and its customers.
With this change we are pleased to announce that we will be reverting to a five-day settlement processing schedule. All sales reports must be submitted by 11:59 p.m. on Tuesday, July 20, 2021, and all ACH debits and credits will be dispersed by ARC on Friday, July 23, 2021. All subsequent settlement processing will follow this new schedule.
To view the revised cash settlement schedule, click here.
A list of FAQs can be found here.