Types of Entries Clause Samples

Types of Entries. Financial Institution will transmit debit and/or credit Entries initiated by Fattmerchant on behalf of Sub-Merchants to the ACH Network as provided in the Rules and this Agreement. As used in this Agreement, the following are SEC Codes: A. Corporate Credit or Debit (“CCD”). Either a credit or debit where funds are either distributed or consolidated between corporate entities. B. Prearranged Payment and Deposit (“PPD”).

Types of Entries. Financial Institution will transmit debit and/or credit Entries initiated by Integrity Business Partners on behalf of Sub-Merchants to the ACH Network as provided in the Rules and this Agreement. As used in this Agreement, the following are SEC Codes: A. Accounts Receivable Entry (“ARC”). An ACH debit created from a check received in the U.S. Mail or a drop box location and converted to an ACH debit. (Refer to the Rules regarding items eligible for check conversion). B. Back Office Conversion (“BOC”). During back office processing, an ACH debit is created from a check received at the point of check being tendered or received at a “manned” ▇▇▇▇ payment location for in-person payments. (Refer to the Rules regarding items eligible for check conversion). C. Corporate Credit or Debit (“CCD”). Either a credit or debit where funds are either distributed or consolidated between corporate entities. D. Corporate Trade Exchange (“CTX”). The transfer of funds (debit or credit) within a trading partner relationship in which payments related information is placed in multiple addenda records. E. Point-Of-Purchase (“POP”). ACH debit application used by Originators as a method of payment for the in-person purchase of goods or services by receivers. (Refer to the Rules regarding items eligible for check conversion). F. Prearranged Payment and Deposit (“PPD”).

Types of Entries. Financial Institution will transmit debit and/or credit Entries initiated by Company to the ACH Network as provided in the NACHA Operating Rules & Guidelines (hereafter referred to as the “Rules”) and this Agreement. As used in this Agreement, the following are ACH Standard Entry Class Codes (SEC): • ARC - Accounts Receivable Entry - An ACH debit created from a check received in the U.S. Mail or a drop box location and converted to an ACH debit. (Refer to Rules regarding items eligible for check conversion). • BOC – Back Office Conversion – During back office processing, an ACH debit is created from a check received at the point of check being tendered or received at a “manned” bill payment location for in-person payments. (Refer to Rules regarding items eligible for check conversion). • CCD – Corporate Credit or Debit – Either a credit or debit where funds are either distributed or consolidated between corporate entities. • CTX - Corporate Trade Exchange –The transfer of funds (debit or credit) within a trading partner relationship in which payments related information is placed in multiple addenda records. • IAT – International ACH Transaction – A debit or credit Entry that is part of a payment transaction involving a financial agency’s office that is not located in the territorial jurisdiction of the United States. (Refer to Rules for further definitional details) • POP - Point-Of-Purchase- ACH debit application used by Originators as a method of payment for the in-person purchase of goods or services by receivers (check conversion). (Refer to Rules regarding items eligible for check conversion). • PPD - Prearranged Payment and Deposit o Direct Deposit - The transfer of funds into a consumer's account. Funds being deposited can represent a variety of products, such as payroll, interest, pension, dividends, etc. o Direct Payment - Preauthorized payment is a debit application. This includes recurring bills that do not vary in amount -- insurance premiums, mortgage payments, charitable contributions, and installment loan payments or standing authorizations where the amount does vary, such as utility payments. • RCK - Re-presented Check - An ACH debit application used by originators to re-present a consumer check that has been processed through the check collection system and returned because of insufficient or uncollected funds. (Refer to Rules regarding items eligible for check conversion). • TEL - Telephone-Initiated Entry – This is used for the originat...

Types of Entries. In accordance with its obligations under Section 4 of the ACH Credit Origination Service Description, Company must restrict the types of Entries an Originator is allowed to originate based on the nature of the Originator business.

Types of Entries. HVCU will transmit debit and/or credit Entries initiated by you to the ACH Network as provided in the Rules and this Addendum. As used in this Addendum, the following are ACH Standard Entry Class Codes (SEC):

Types of Entries. HVCU will transmit debit and/or credit Entries initiated by you to the ACH Network as provided in the Rules and this Addendum. As used in this Addendum, the following are ACH Standard Entry Class Codes (SEC): · ARC - Accounts Receivable Entry - An ACH debit created from a check received in the U.S. Mail or a drop box location and converted to an ACH debit. (Refer to NACHA Rules regarding items eligible for check conversion). · BOC - Back Office Conversion - During back office processing, an ACH debit is created from a check received at the point of check being tendered or received at a “manned” bill payment location for in- person payments. (Refer to NACHA Rules regarding items eligible for check conversion). · CCD - Corporate Credit or Debit - Either a credit or debit where funds are either distributed or consolidated between corporate entities. · CTX - Corporate Trade Exchange -The transfer of funds (debit or credit) within a trading partner relationship in which payments related information is placed in multiple addenda records. · IAT- International ACH Transaction - A debit or credit Entry that is part of a payment transaction involving a financial agency’s office that is not located in the territorial jurisdiction of the United States. (Refer to NACHA Rules for further definitional details) · POP - Point-Of-Purchase - ACH debit application used by Originators as a method of payment for the in- person purchase of goods or services by receivers (check conversion). (Refer to NACHA Rules regarding items eligible for check conversion). · PPD - Prearranged Payment and Deposit · Direct Deposit - The transfer of funds into a consumer’s account. Funds being deposited can represent a variety of products, such as payroll, interest, pension, dividends, etc. · Direct Payment - Preauthorized payment is a debit application. This includes recurring bills that do not vary in amount -- insurance premiums, mortgage payments, charitable contributions, and installment loan payments or standing authorizations where the amount does vary, such as utility payments. · RCK – Re-presented Check - An ACH debit application used by originators to re-present a consumer check that has been processed through the check collection system and returned because of insufficient or uncollected funds. (Refer to NACHA Rules regarding items eligible for check conversion). · TEL - Telephone-Initiated Entry- This is used for the origination of a single Entry debit transaction to a consumer’s acco...

Types of Entries. The Electronic Check Provider will transmit debit and/or credit Entries initiated by Merchant to the ACH Network as provided in the NACHA Rules for the following ACH Standard Entry Class Codes (SEC): a) CCD – Corporate Credit or Debit – Either a credit or debit where funds are either distributed or consolidated between corporate entities.

Types of Entries. Bank will transmit debit and/or credit Entries initiated by Client to the ACH Network as provided in the NACHA Operating Rules (referred to as the “ACH Rules” or “NACHA Rules”) and this Agreement. Specific ACH products predominately offered by the bank include: Direct Deposit Payroll, Pre- authorized Payments and Deposits, Cash Concentration, and Corporate Trade Payments. Bank can offer ACH services for all Standard Entry Class Codes, with the exclusion of International ACH Transaction.

Types of Entries. Financial Institution will transmit debit and/or credit Entries initiated by Company to the ACH Network as provided in the NACHA Operating Rules & Guidelines (hereafter referred to as the “Rules”) and this Agreement. As used in this Agreement, the following are ACH Standard Entry Class Codes (SEC):  ARC - Accounts Receivable Entry - An ACH debit created from a check received in the U.S. Mail or a drop box location and converted to an ACH debit. (Refer to Rules regarding items eligible for check conversion).  BOC – Back Office Conversion – During back office processing, an ACH debit is created from a check received at the point of check being tendered or received at a “manned” bill payment location for in-person payments. (Refer to Rules regarding items eligible for check conversion).  CCD – Corporate Credit or Debit – Either a credit or debit where funds are either distributed or consolidated between corporate entities.  CTX - Corporate Trade Exchange –The transfer of funds (debit or credit) within a trading partner relationship in which payments related information is placed in multiple addenda records.  IAT – International ACH Transaction – A debit or credit Entry that is part of a payment transaction involving a financial agency’s office that is not located in the territorial jurisdiction of the United States. (Refer to Rules for further definitional details)  POP - Point-Of-Purchase- ACH debit application used by Originators as a method of payment for the in-person purchase of goods or services by receivers (check conversion). (Refer to Rules regarding items eligible for check conversion).