Didyou know
ACH payments and transfers are identified with a three letter Standard Entry Class (SEC) code. There are 20 codes used for consumer, corporate and other applications.
Consumer ACH Transactions
ARC - Accounts Receivable Entry - Checks received by mail or drop box converted to ACH debits
CIE - Consumer Initiated Entry - Consumer initiates bill payment online
MTE - Machine Transfer Entry - Transactions from ATMs
PBR - Consumer Cross-Border Payment - Cross-border ACH credit or debit
POP - Point-of-Purchase Entry - Checks accepted at point-of-sale converted to ACH debit
PPD - Prearranged Payment & Deposit Entry - Includes Direct Deposit (credit) and preauthorized (automatic) bill payment (debit)
POS/SHR - Point of Sale Entry/Shared Network Transaction - Customer uses debit card at point of sale in a shared (SHR) or non-shared (POS) environment
RCK - Re-presented Check Entry - Electronic resubmission of NSF consumer paper checks
TEL - Telephone Initiated Entry - EFT transactions that have been authorized over the telephone
WEB - Internet Initiated Entry - EFT transactions that have been authorized over the Internet
Corporate ACH Transactions
CBR - Corporate Cross-Border Payment - Cross border B2B ACH credit or debit
CCD - Cash Concentration or Disbursement - Business Electronic Fund Transfers (debit or credit)
CTX - Corporate Trade Exchange - Transfer of funds (debit or credit) with full ANSI ASC X12 message
Other ACH Applications
ACK/ATX - Acknowledgment Entries - Optional codes for receiving institution to acknowledge receipt of CCD (ACK) or CTX (ATX) credit/payment
ADV - Automated Accounting Advice - Identifies automated accounting advices of ACH accounting information to facilitate automation of information
COR - Automated or Refused Notification of Change - Used for originating a Notification of Change or Refused Notification of Change in automated format
DNE - Death Notification Entry - used by federal government agency to notify financial institutions that recipient of government benefit payment has died
ENR - Automated Enrollment Entry - Fininancial institutions transmitting ACH enrollment information to federal government agencies for future credits and debits
TRC/TRX - Truncated Entries - Indentifies batches of truncated checks
XCK - Destroyed Check Entry - Utilized for collections of chertain checks when those checks have been destroyed
Looking for more information call 1 888-227-0402 to schedule a free 30 minute consultation on ACH payment options.
Achieve more with reliable ACH technology. The Fraud Practice provides innovative products and solutions that enable people and businesses to seamlessly automate payments, collection, and/or any ACH related transaction. It offers the flexibility to match any business need to an ACH solution; whether you already have developed your own system or not. It provides various integration and interface systems for any development platform.
ACH Processing:
Technical Details
ACH transactions come in many different forms, including Direct Deposits, online banking bill payments and electronic checks. With so many different kinds of transctions ACH processing can be offered with a variety of solutions, and in this sections I discuss Web, PC, and SOAP solutions.
Web Solutions
WEB is the web version for conducting ACH transactions. Online transactions can be done to originate a multitude of ACH transactions including:
- PPD - Consumer Electronic Fund Transfers (Debit/Credit)
- CCD - Business Electronic Fund Transfers (Debit/Credit)
- RCK - Electronic resubmission of NSF consumer paper checks
- TEL - EFT transactions that have been authorized over the telephone
- WEB - EFT transactions that have been authorized over the Internet
- ARC - Checks that have been received in the mail and are converted into ACH debits
- POP - Checks that are accepted at the point of sale and are converted into ACH debits
Online transactions has a variety of data entry methods designed to fit your needs. Transactions can be entered individually, imported as cut and paste text file or upload NACHA batch file.
Important features include a module of initiating a direct deposit, entry of recurring transactions, resubmission of returned (NSFs - R01 or R09) transactions, viewing and editing of scheduled transactions, viewing of deleted transactions, and viewing of settlement and return report.
Reports can be exported to an ASCII format file or CSV (spreadsheet e.g. MS Excel) file. Acrobat PDF format reports are also available for viewing, printing or permanent storage.
Browser Compatibility for WEB Transactions
Tested to work with the following browsers:
Internet Explorer (Versions 6, 7)
Firefox (Versions 1.5, 2.0)
Opera (Versions 8.x, 9.x)
Netscape (8.x)
MSN Explorer
SBC Yahoo! DSL Browser
Safari Mac OS/X (2.0)
PC Solutions
PC is a multi-tasking software for processing Electronic Fund Transfers (EFTs) through the Automated Clearing House (ACH) Network. By automating the transfer of funds between bank accounts, ACHWorks gives your business a proven and viable alternative to paper check and credit card payments.
Not only is PC a secure and efficient means of initiating a multitude of debit and credit transactions, it provides simple one-click tracking reports that easily reconcile with your bank account statements. PC will even house account address information for any transaction entered into the system so generating notices, letters and mailing labels is easy.
Loaded with features found in no other ACH Software, PC is ideal for processing:
Consumer EFT Payments
Business EFT Payments
Re-Presented NSF Checks
Telephone Authorized EFT Payments
Direct Deposits
Authorized Fees
With PC, you control the timing of payments and the re-submittal of returned items. And fees for returned items are eliminated, since the bank is not processing the payments…you are.
Available in stand-alone, network, MICR enabled, or Internet versions, PC is highly flexible as an interface with most existing networks and customer account management systems.
PC includes a powerful Import tool which will allow it to interface with virtually any software you are currently using. This will allow you to integrate PC into your current process with a minimum of retraining.
PC Features
Reporting - One-click reporting easily generates reports on transaction status, returned items, settled transactions, and transaction statistics. Each time an user establishes communication to our server, all reports are automatically updated with up to the minute transaction status. All reports are customizable and can be filtered by the user to reflect desired output, i.e. by payee, payor, internal identification number, process dates, settlement identification numbers (found on depository bank statement), etc.
Import/Export - With minimal formatting, transaction data can be imported for submission to the ACH network as EFT or RCK transactions. Payments that have been processed can also be exported for use with existing accounting and management systems.
Auto Re-Submits - Any payment submitted can be pre-set for automatic re-submission, in the event it is returned unpaid for insufficient fund availability. Re-submitted transactions may be processed immediately upon notification of return, or re-sent on a future date at the user's discretion.
Auto Upgrades - There are no interruptions to your daily business when updating your software. Whenever a new version or feature upgrade is available to you, it will be seamlessly deployed when you establish communication to our server while conducting your usual transmission of payments.
Archives - Payment transactions older than three (3) months can be archived out of your working system to minimize the amount of data viewable. Data can be archived at intervals determined by the user, and can be retrieved from archive at any time.
Help Desk - Available 8:00 a.m. to 5:00 p.m. on regular business days, and free of charge, the Help Desk is staffed by courteous, knowledgeable individuals prepared to assist you and your staff with the successful use of your software.
PC System Requirements
Minimum System Requirements:
Operating System Windows 98, ME, NT, 2000, XP
Processor Intel Pentium® 100MHz (or AMD, Cyrix equivalent)
RAM (Random Access Memory) 128MB of RAM
Monitor 800X600 minimum screen resolution (screen size)
Hard Drive 100MB of available disk space (Note: every 1000 transactions uses approximately 2MB of disk space)
Internet Connection - T1, ISDN, Cable, DSL, Modem [Minimum recommended speed for modems is 56.6 Kbps]
Networking (if desired) requires a 10baseT network card running TCP/IP Protocol.
Recommended System Specifications:
Operating System Windows 98, ME, NT, 2000, XP
Processor Pentium® II 350MHz (or AMD, Cyrix equivalent)
RAM (Random Access Memory) 256MB of RAM
Monitor 800X600 minimum screen resolution (screen size)
Hard Drive 100 Megabytes of available disk space, (Note: every 1000 transactions uses approximately 3 Megabytes of disk space)
Internet Connection - T1, ISDN, Cable, DSL
Networking (if desired) 100baseT network card running TCP/IP Protocol.
Soap Solutions
SOAP is a platform independent solution that can be used for originating ACH single or batch transactions, receiving transaction status updates, and utilizing some of our core features such as easy settlement. It allows the use of any operating system or platform (Windows/Linux/Solaris) and/or using any programming language or developer tool that can provide a client program for SOAP.
Sample client codes are also provided written in the following programs:
C# (.NET)
Visual Basic (Win32 and .NET)
ASP (Win32 and .NET)
Perl 5 (Win32 and Linux)
Java (Win32, Linux, Solaris)
Delphi (Win32, .NET, Linux)
Cold Fusion
Python
Ruby
AdditionalResources
The Fraud practice llc.
Offering a neutral, unbiased, source for information related to setting up and maintaining solutions for online payments and fraud prevention.
Introduction to ACH Payments.
Covers the ACH process flow defining each of the "payment players"; reviews payment concepts such as clearing times, reversals, NSF, push and pull options, good funds and bad debt risk.
Guide to Alternative ecommerce payments.
If you are in the market for new alternate payment options you should consider purchasing our Guide to Alternate Payment Options. The Guide goes beyond a general market assessment to provide information businesses need to assess solution options and service providers.
Fundamentals for Selecting ecommerce payment options
The Fundamentals of eCommerce Payment Options online training course provides an introduction to the world of eCommerce payments. The course provides an overview of the main eCommerce payment options that exist today, why businesses use alternative payments, how eCommerce payment options are grouped, as well as providing examples, mind share, market share, and the major players.
