Technical Standards and Formats Flashcards
In which record can the data elements change based on SEC code?
Entry Detail Record
How many characters make up an ACH record?
94
How many ACH records make up an ACH block?
10
Which record only uses 55 of the 94 characters allowed?
File Control Record
What does the Addenda Record Indicator Do?
Tells you if there will be an Addenda Record
What does the Addenda Type Code do?
Defines the specific explanation and format for the addenda information contained in the same record.
Addenda Type Code
02
point of sale entry (POS)
shared network transaction (SHR)
machine transfer entry (MTE)
Addenda Type Code
05
Addenda Record applies to…
ACK, ATX, CCD, CIE, CTX, DNE, ENR, PPD, TRX, and WEB entries
Addenda Type Code
10-16
IAT Mandatory 7 Addenda Records
Addenda Type Code
17
IAT Remittance information
Addenda Type Code
18
IAT Correspondent Bank Info.
Addenda Type Code
98
Notification of Change/ NOC (COR) and refused NOC (COR)
Addenda Type Code
99
- Return Entry.
- Dishonored Return.
- Contested Dishonored Return.
The electronic transfer of payments, payment-related information or other financial documents in a standardized format between business partners.
Financial Electronic Data Interchange (FEDI)
ANSI ASC X12 Transaction Set
103
Abandoned property filings
ANSI ASC X12 Transaction Set
521
Income or Asset Offset
ANSI ASC X12 Transaction Set
813
Electronic Filing of Tax Return Data
ANSI ASC X12 Transaction Set
820
Payment order/Remittance Advice
ANSI ASC X12 Transaction Set
823
Lockbox
ANSI ASC X12 Transaction Set
835
Health Care Claim Payment/Advice
What are the Field Inclusion Requirements?
- Mandatory
- Required
- Optional
Omission of this field will cause the File, Batch, or Entry to be rejected by the ACH Operator.
Mandatory
Omission of this field may cause the Entry to reject at the RDFI.
Required
Inclusion of data in this field is at the discretion of the ODFI and the Originator
Optional
Designates the physical file characteristics and identifies the immediate origin and destination, plus identifying fields date and time.
File Header Record (1)
Contains dollar, entry and hash totals, the number of blocks and batches in the file.
File Control Record (9)
Identifies the originator and the purpose of the entry or entries, contains the routing number of the ODFI and intended effective date.
Batch Header Record (5)
Contains counts, Hash totals and total dollar controls for entries and addenda records contained in the batch.
Batch Control Record (8)
Service Class Code
200
Batch Contains both debit and credits
Service Class Code
220
Batch contains only credits
Service Class Code
225
Batch only contains debits
Service Class Code
280
ACH Automated Accounting Advices
Originator Status Code
0
ADV File prepared by the ACH Operator
Originator Status Code
1
Identifies originator as a depository financial institution
Originator Status Code
2
Identifies originator as a Federal Government Entity or Agency.
Contains the information to relate the entry to the receiver; i.e., Account Number, Dollar Amount, Transaction Code that identifies weather entry is a debit or credit and to what type of account. Each entry has a trace number that identifies the ODFI and a unique sequence number.
Entry Detail Record (6)
Originators can use these to supply additional information about entry detail records that will pass from the ODFI through the ACH Operator to the RDFI.
Addenda Records (7)
Optional Addenda Records
- ACK/ATX
- CCD/PPD
- CIE
- CTX
- WEB
- IAT (max 5, only 2 for EDI)
Mandatory Addenda Records
- COR/REFUSED COR
- DNE
- ENR
- POS/SHR/MTE
- Returns, Dishonored, Contested.
- TRX
- IAT (7)
NOCs are “optional” for…
IAT Entries
When creating the NOC, the Company Batch Header Record - IAT Indicator must contain..
IATCOR
The addenda type code that defines the specific interpretation and format for the addenda information for a Notification of Change is…
98
The addenda type code that defines the specific interpretation and format for the addenda information for a Shared Network Transaction (SHR)
02
Defines the physical file characteristics and the immediate origin and the destination.
File Header Record
Identifies the Originator and briefly describes the purpose of the entry; also contained is the routing number of the ODFI used for settlement. The data contained on this record applies to all entry detail records in thebatch.
Company/Batch Header Record
Contains the information necessary to relate the entry to a Receiver, i.e., account number, routing number of the RDFI, Receiver’s name and identification number, dollar amount and Receiver’s account type.
Entry Detail Record
Contains the detail and addenda record counts, hash totals and dollar totals of the preceding detail entries within the batch.
Company/Batch Control Record
Summarizes the control totals from the batch controls within the file and also contains the number of blocks and batches within the file.
File Control Record
This is referred to record number One
File Header Record
This is referred to record number Five
Batch Header Record
This is referred to record number Six
Entry Detail Record
This is referred to record number Nine
File Control Record
Data Elements are separated by?
Delimiter = Asterisk *
Data Segments are separated by?
Terminator = Backslash / or Tilde ~
Return Reason Codes 80-85 are restricted for?
Gateway Use
Return Reason Codes 40-47 are restricted for?
Federal Government Use
Return Reason Codes 50-53 are restricted for?
RCK Use
Return Reason Codes 61-70 are restricted for?
ODFI Use
Return reason Codes 71-77 are restricted for?
RDFI Use
The Fedwire Funds service is a __________ system in which only the Originator’s financial institution can remove funds from its Federal Reserve Account.
Credit/Push
The Fedwire Securities Service is a __________ system with regards to payments.
Debit/Pull
