Standard Entry Class Codes definition

Standard Entry Class Codes means the three-character code within an ACH company/batch header, which identifies the type of transactions. “Security Procedures” means, unless Fattmerchant and Sub-Merchant agree otherwise, the security requirements and procedure necessary to verify the authenticity of Entries.
View Source
Standard Entry Class Codes mean the three- character code within an ACH company/batch header, which identifies the type of transactions within that batch (e.g. CCD, CTX, PPD, etc.).
View Source
Standard Entry Class Codes means three (3) character codes assigned to transactions to identify the type of transaction submitted to the ACH.
View Source

Examples of Standard Entry Class Codes in a sentence

  • Merchant may only transmit Entries in the Standard Entry Class Codes indicated in the Application.

  • Uniform Commercial Code Article 4A (UCC 4A) Disclosure: In regard to the origination of “wholesale credit” entries (defined as incoming corporate ACH credit transfers containing Standard Entry Class Codes (SEC Codes) “CCD” and “CTX”), the Originating Depository Financial Institution (ODFI) may provide disclosure as required by UCC 4A to the CLIENT.

  • AB&T will accept ACH Entries originated by Customer that correspond to the following ACH Standard Entry Class Codes (“SEC Codes”), which are three-character codes that identifies types of NACHA- permitted ACH Entries: CCD – Corporate Credit or Debit – A credit ACH Entry, a debit ACH Entry, or a Non-Monetary ACH Entry originated by an Organization to or from the account of that Organization or another Organization.

  • In regard to the origination of "wholesale credit" Entries, (defined as incoming corporate ACH credit transfers containing Standard Entry Class Codes "CCD" and "CTX"), Bank shall provide disclosure as required by Uniform Commercial Code Article 4A to Company.

  • By way of example, the foregoing restrictions and requirements may apply to your use of ARC, RCK, BOC, POP, WEB, IAT or TEL Standard Entry Class Codes, or if you are engaging in cross-border (International) transactions.

  • You may not originate Entries using Standard Entry Class Codes other than CCD, CTX or PPD without prior notice to and written approval by us.

  • We may require you to submit an application in a form and content acceptable to us, and execute supplemental schedules, agreements and other documents as we may require, as a condition precedent to your use of other Standard Entry Class Codes.

  • ACH Standard Entry Class Codes (“SEC”) currently originated by Company authorized for ACH Origination Services include the following: Either a credit or debit where funds are either distributed or consolidated between corporate entities.

  • 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.

  • Client shall transmit valid Standard Entry Class Codes CIE, COR, PPD, TEL, and WEB debit and credit Entries to Bank in compliance with the formatting/security and other requirements set forth in Schedule B.

Related to Standard Entry Class Codes

  • the London Bombings Relief Charitable Fund means the company limited by guarantee (number 5505072), and registered charity of that name established on 11th July 2005 for the purpose of (amongst other things) relieving sickness, disability or financial need of victims (including families or dependants of victims) of the terrorist attacks carried out in London on 7th July 2005;