SEC Codes Flashcards
ACH Payment Acknowledgement
[List SEC Code, Type of Transaction (consumer/corporate etc.), Monetary Type]
ACK - Corporate - 0
Non-Monetary Entry initiated by an RDFI to provide acknowledgement of receipt of a CCD
Automated Accounting Advise
[List SEC Code, Type of Transaction (consumer/corporate etc.), Monetary Type]
ADV - ACH Operator - 0
Non-Monetary Entry used by ACH Operator to provide accounting information, optional service, must sign up
Accounts Receivable Entry
[List SEC Code, Type of Transaction (consumer/corporate etc.), Monetary Type]
ARC - Consumer/Corporate - Debit
Single-Entry Debit initiated by Originator to Receiver based on Eligible Source Document (draft/check) provided for bill payment via mail/drop box/manned a location
Financial EDI Acknowledgement
[List SEC Code, Type of Transaction (consumer/corporate etc.), Monetary Type]
ATX - Corporate - 0
Non-Monetary Entry initiated by an RDFI to provide acknowledgment of receipt of a CTX entry.
Back Office Conversion
[List SEC Code, Type of Transaction (consumer/corporate etc.), Monetary Type]
BOC - Consumer/Corporate - Debit
Single-Entry Debit initiated by originator to Receiver based on eligible source document (draft/check) at point of purchase or manned location to pay bill(s), converted during back office processing.
Corporate Credit or Debit
[List SEC Code, Type of Transaction (consumer/corporate etc.), Monetary Type]
CCD - Corporate - 0/Debit/Credit
Entry initiated by an Corporate Originator to transfer or debit funds from another Corporate account. Corporate = Business.
Customer Initiated Entry
[List SEC Code, Type of Transaction (consumer/corporate etc.), Monetary Type]
CIE - Corporate - Credit
Credit Entry initiated by or on behalf of the holder of a consumer account to transfer funds to the account of a non-consumer Receiver. (think billpay-customer sends money (credit) to billing company)
NOC+Refused
[List SEC Code, Type of Transaction (consumer/corporate etc.), Monetary Type]
COR - Consumer/Corporate - 0
Non-Monetary Entry Transmitted by RDFI to identify incorrect information or by an ODFI to refuse a misrouted/incorrect NOC
Corporate Trade Exchange
[List SEC Code, Type of Transaction (consumer/corporate etc.), Monetary Type]
CTX - Corporate - 0/Debit/Credit
Entry initiated by an Corporate Originator to transfer or debit funds from another Corporate account. Corporate = Business. Permits the inclusion of payment-related remittance information using ANSI or UN/EDIFACT formatting.
Death Notification Entry
[List SEC Code, Type of Transaction (consumer/corporate etc.), Monetary Type]
DNE - Government - 0
Non-Monetary Entry initiated by US Government agency to notify RDFI of the death of a Receiver.
Automated Enrollment Entry
[List SEC Code, Type of Transaction (consumer/corporate etc.), Monetary Type]
ENR - Government - 0
Non-Monetary Entry initiated by a participating DFI to a US Government agency on behalf of an account holder authorizing entries to the account.
International ACH Transaction
[List SEC Code, Type of Transaction (consumer/corporate etc.), Monetary Type]
IAT - Consumer/Corporate - 0/Debit/Credit
Machine Transfer Entry
[List SEC Code, Type of Transaction (consumer/corporate etc.), Monetary Type]
MTE - Consumer - Debit/Credit
Entries initiated at an “electronic terminal” as defined by Reg E, transfer funds to or from a consumer account maintained with an RDFI.
Point-of-Purchase Entry
[List SEC Code, Type of Transaction (consumer/corporate etc.), Monetary Type]
POP - Consumer - Debit
Single-Entry Debit initiated by originator to Receiver based on eligible source document (draft/check) at point of purchase or manned location to pay bill(s). (Check will be returned back to originator
Point of Sale Entry
[List SEC Code, Type of Transaction (consumer/corporate etc.), Monetary Type]
POS - Consumer - Credit/Debit
Debit entry initiated at an “electronic terminal” (according to Reg E). Transfer of funds from a consumer account of the Receiver to pay for a merchant card POS transaction.
Prearranged Payment and Deposit Entry
[List SEC Code, Type of Transaction (consumer/corporate etc.), Monetary Type]
PPD - Consumer - Credit/Debit
Credit or Debit entry initiated by an Organization based on a standing or Single Entry authorization from a Receiver to transfer from a Consumer Account of the Receiver.
Re-Presented Check Entry
[List SEC Code, Type of Transaction (consumer/corporate etc.), Monetary Type]
RCK - Consumer - Debit
Single entry debit for a returned check being represented as an ACH
Shared Network Transaction
[List SEC Code, Type of Transaction (consumer/corporate etc.), Monetary Type]
SHR - Consumer - Credit/Debit
Debit entry initiated at an “electronic terminal” (as determined by Reg E) to transfer funds between the consumer accounts held in a shared network.
Telephone-Initiated Entry
[List SEC Code, Type of Transaction (consumer/corporate etc.), Monetary Type]
TEL - Consumer - Debit
Debit entry initiated by an Originator after providing oral authorization to debit Consumer account of Receiver.
Check Truncation Entry
[List SEC Code, Type of Transaction (consumer/corporate etc.), Monetary Type]
TRC - Consumer/Corporate - Debit
Debit Entry from Check Truncation Program permitting the Truncation of a single check drawn on paying bank.
Check Truncation Entries Exchange
[List SEC Code, Type of Transaction (consumer/corporate etc.), Monetary Type]
TRX - Consumer/Corporate - Debit
Debit Entry from Check Truncation Program permitting the Truncation of multiple checks drawn on the paying bank.
Internet-Initiated/Mobile Entry
[List SEC Code, Type of Transaction (consumer/corporate etc.), Monetary Type]
WEB - Consumer - Debit/Credit
1-Debit entry initiated by an Originator to a Consumer Account of the Receiver based on internet/mobile based communications
2-Credit entry initiated by or on behalf of a Consumer Account that is intended for the Consumer Account of a Receiver, REGARDLESS OF HOW THE AUTHORIZATION WAS MADE. (P2P TRANSACTIONS = WEB CREDIT)
Destroyed Check Entry
[List SEC Code, Type of Transaction (consumer/corporate etc.), Monetary Type]
XCK - Consumer/Corporate - Debit
