Standard Entry Class Codes
Here are some common SEC codes. Nacha was requested to issue an interpretation of the Nacha Operating Rules Rules on 1 the identification of the appropriate Standard Entry Class SEC code for certain ACH transactions initiated at the point-of-sale with an access device such as a debit card. Learn The Basic Accounting Collection And Recording Terminology Accounting Cycle Learn Accounting Accounting Student SERVICE CLASS CODE. Standard entry class codes . BOC Back Office Conversion. NACHA requires the use of Standard Entry Class Codes SEC Codes for each transaction settled through the ACH. 20 rows This Standard Entry Class Code represents an optional service to be provided by ACH. Consumer applications can collect insurance premiums mortgage and rent payments utility payments membership dues and other recurring obligations. NACHA Standard Entry Class SEC Codes and Payment Authorization TEL - Telephone-Initiated Entry This Standard Entry Class Code is used for the origination ...
