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”).
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Sources: Merchant Services Agreement for Sub Merchants, Merchant Services Agreement for Sub Merchants
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”).
Appears in 1 contract