#Ach transaction types serial number#
The source document, which is voided by the merchant and returned to the consumer at the point-of-purchase, is used to collect the consumer’s routing number, account number and check serial number that will be used to generate the debit entry to the consumer’s account. 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.
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. The PBR format accommodates detailed information unique to crossborder payments (e.g., foreign exchange conversion, origination and destination currency, country codes, etc.).
This SEC Code allows cross-border payments to be readily identified so that financial institutions may apply special handling requirements for cross-border payments, as desired. PBR - Consumer Cross-Border Payment - This Standard Entry Class Code is used for the transmission of consumer crossborder ACH credit and debit entries. MTE - Machine Transfer Entry - The ACH Network supports the clearing of transactions from automated teller machines, i.e., Machine Transfer Entries (MTE). The consumer’s source document (i.e., the check) is used to collect the consumer’s routing number, account number, check serial number and dollar amount for the transaction.ĬIE - Customer Initiated Entry - Customer Initiated Entries are limited to credit applications where the consumer initiates the transfer of funds to a company for payment of funds owed to that company, typically through some type of home banking product or bill payment service provider. mail or at a dropbox location for the payment of goods or services.
Standard Entry Class (SEC) Codes Consumer ApplicationsĪRC - Accounts Receivable Entry - This Standard Entry Class Code enables originators to convert to a Single Entry ACH debit a consumer check received via the U.S.
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