MTE – Machine Transfer Entry – The ACH Network supports the clearing of transactions from automated teller machines, i.e., Machine Transfer Entries (MTE). These are used for direct deposit, payments to vendors, and … Common ACH SEC Codes. Did you find it helpful? For now, we’re going to give you a quick glossary of SEC codes for easy reference. The . ENR – Automated Enrollment Entry – This optional ACH SEC Code allows a depository financial institution to transmit ACH enrollment information to federal government agencies via the ACH Network for future credit and debit applications on behalf of both consumers and companies. This concept has met with appreciable success in situations where the recurring bills are regular and do not vary in amount. PBR – Consumer Cross-Border Payment – This ACH SEC Code is used for the transmission of consumer crossborder ACH credit and debit entries. A single debit entry to an account for in-person purchases or payments made at the point-of-purchase. Copyright 2012 - Access payment Systems, Inc. | Electronic Payments Made Easy! Single entry for collecting lost/destroyed checks, OR a check that is damaged so that a processable image cannot be made OR the check image is un-processable. BOC. Common Standard Entry Class (SEC) codes are as follows. POP – Point-of-Purchase Entry – This ACH debit application is used by originators as a method of payment for the in-person purchase of goods or services by consumers. CTX – Corporate Trade Exchange – The Corporate Trade Exchange application supports the transfer of funds (debit or credit) within a trading partner relationship in which a full ANSI ASC X12 message or payment related UN/EDIFACT information is sent with the funds transfer. ACH Return Code R37 – Source Document Presented for Payment. You can think of these return codes as a form of status for the return. A single debit entry to an account initiated for purchases or payments that are made in person, via US mail, or placing the payment in a dropbox. No, © 2019 CSG Systems International, Inc. and/or its affiliates (“CSG”), Modified on: Tue, 19 Jan, 2021 at 3:39 PM. ACK/ATX – Acknowledgment Entries – These optional ACH SEC Codes are available for use by the RDFI to acknowledge the receipt of ACH credit payments originated using the CCD or CTX formats. ACH represents a quantity of airflow per hour relative to the overall room volume. Check returned NSF or uncollected funds represented electronically. The Standard Entry Class (SEC) code is a three-character application which identifies each entry in the ACH Network. Preauthorized Bill Payment (debit) – Preauthorized payment is a debit application. The IAT SEC code will be used for both consumer and corporate international ACH credits and debits. The code incorporates type of payment (debit or credit), account nature (consumer or corporate), and record format used to carry format. NACHA Standard Entry Class (SEC) Codes and Payment Authorization NACHA requires that a transaction submitted to the Federal Reserve for processing must include something called a Standard Entry Class (SEC) Code to communicate exactly how the customer gave you authorization to debit/credit their bank account. This method of collection via the ACH Network, compared to the check collection process, provides originators with the potential for improvements to processing efficiency (such as control over timing of the initiation of the debit entry) and decreased costs. These Single Entry debit entries are initiated by the originator based on a written authorization and account information drawn from the source document (a check) obtained from the consumer at the point-of-purchase. 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