Standard Entry Class (SEC) Codes for ACH Transaction

by admin 17. July 2013 08:42

Standard Entry Class (SEC) Codes

ARC
Accounts receivable conversion. A consumer check converted to a one-time ACH debit. The difference between ARC and POP is that ARC can result from a check mailed in whereas POP is in-person.
BOC
Back office conversion. A single entry debit initiated at the point of purchase or at a manned bill payment location to transfer funds through conversion to an ACH debit entry during back office processing. Unlike ARC entries, BOC conversions require that the customer be present, and that the vendor post a notice that checks may be converted to BOC ACH entries.
CBR
Corporate cross-border payment. Used for international business transactions, replaced by SEC Code IAT.
CCD
Corporate credit or debit. Primarily used for business-to-business transactions.
CTX
Corporate trade exchange. Transactions that include ASC X12 or EDIFACT information.
DNE
Death notification entry. Issued by the federal government.
IAT
International ACH transaction. This is an SEC code for cross-border payment traffic to replace the PBR and CBR codes. The code has been implemented since September 18, 2009.
PBR
Consumer cross-border payment. Used for international household transactions, replaced by SEC Code IAT.
POP
Point-of-purchase. A check presented in-person to a merchant for purchase is presented as an ACH entry instead of a physical check.
POS
Point-of-sale. A debit at an electronic terminal initiated by use of a plastic card. An example is using your debit card to purchase gas.
PPD
Prearranged payment and deposits. Used to credit or debit a consumer account. Popularly used for payroll direct deposits and preauthorized bill payments.
RCK
Represented check entries. A physical check that was presented but returned because of insufficient funds may be represented as an ACH entry.
TEL
Telephone-initiated entry. Oral authorization by telephone to issue an ACH entry such as checks by phone. (TEL code allowed for inbound telephone orders only. NACHA disallows the use of this code for outbound telephone solicitations unless a prior business arrangement with the customer has been established.)
WEB
Web-initiated entry. Electronic authorization through the Internet to create an ACH entry.
XCK
Destroyed check entry. A physical check that was destroyed because of a disaster can be presented as an ACH entry.

Source: http://en.wikipedia.org/wiki/Automated_Clearing_House

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