![]() These acknowledgments indicate to the Originator receipt of the payment and that the RDFI will attempt to post the payment to the Receiver's account.ĪRC enables Originators to convert a consumer check received via the U.S. The complete list of Standard Entry Class Codes and the products they support follows:ĪCK and ATX are non-monetary entries available for use by the RDFI to acknowledge the receipt of ACH credit payments originated using the CCD or CTX formats. COR identifies Notifications of Change (NOC), corrected NOCs or refused NOCs.TEL is to originate a debit entry to a consumer granted authorization via telephone.WEB Debits are by non-consumer originators to debit a consumer based on an authorization granted via the Internet or wireless network.WEB Credits, also known as Person to Person (P2P) transactions, are when consumers exchange payment without requiring authorization.PPD is for credits and debits that process against consumer accounts for entries such as payments to vendors and direct deposit.CCD is for credit and debit entries processed against non-consumer accounts for transactions such as payments to vendors and collections from customers.Standard Entry Class Codes fall into the following categories:įrequently used SEC Codes are CCD, PPD, WEB, TEL and COR. Affects which Return Code to use when returning an item.Designates the originator’s authorization of the transaction.Identifies the payment type for an ACH transaction.Identifies the record format that carries the payment and payment-related information.Appears in positions 51-53 in the Company/Batch Header Record (5 Record) of an ACH file. ![]() So, when returning an item, the RDFI must use the return rules, codes and time frames associated with the ODFI's original SEC Code. ACH Rules allow the RDFI to rely on the ODFI’s guarantee that an entry’s SEC Code is correct. Using incorrect SEC Codes on entries is a violation of the NACHA Operating Rules. Understanding and using proper SEC Codes is important for Originating Depository Financial Institutions (ODFI) and Receiving Depository Financial Institutions (RDFI) processing ACH entries. Non-consumer applications can transfer funds between unrelated corporate entities or intra-company funds transfers. Consumer applications can collect insurance premiums, mortgage and rent payments, utility payments, membership dues and other recurring obligations. The SEC Code distinguishes the type of sender and receiver account as either consumer and/or non-consumer. A three-character application called a Standard Entry Class (SEC) Code identifies each entry. The ACH Network supports a number of different payment options. Unlike wire transfers and check processing, ACH is both a credit and a debit payment system. Part 3 defines the various Standard Entry Class Codes and Transaction Codes, including how to use and identify each for ACH processing. At the end of the series, content will be available in TranZact as a reference guide for ACH personnel. Facts, rules, codes, charts and helpful hints will be available for those who process, post, return and balance ACH transactions. In 2017, the ACH Advisor will publish a six-part series detailing the ACH cycle.
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