RBC 7-365 Day Settlements

What is changing with the RBC 7-365 Day Settlements?

Does the RBC 7-365 Day Settlements apply to all card brands?

Does the RBC 7-365 Day Settlements only apply to Moneris Customers that bank with RBC or all RBC business clients?

What does the RBC 7-365 Day Settlements mean for my automated reporting?

Does RBC 7-365 Day Settlements mean funds, fees and chargebacks will be processed on weekends and holidays?

Does RBC 7-365 Day Settlements mean that the timeframe to respond to chargebacks is shortened due to when they are posted to my account?