Modern Treasury allows users to specify a timestamp until which the payment will not be processed. This is useful when you need the ability to cancel a payment order for a specific time. It ensures minimum waiting time before transmitting the payment to the payment networks.

To schedule a payment order using the API, you can use the Create Payment Order route setting the process_after to a specific ISO 8601 formatted date and time.

FAQs

How does Process After affect Effective Date?

When creating a payment order, the user can specify the Effective Date (effective_date) for the payment order. When creating a new payment order, you can specify a Process After datetime that's later than the Effective Date. In such a situation, Process After will take precedence over the Effective Date.

How to schedule a payment in the UI

When creating a payment order, expand the Additional Information panel and specify Process After date and time.