Element

automatedClearingHousePaymentFormat

 

Occurrence:

0

..

1

 

Scheme-Status:

O

 

Type:

ecom_common:PaymentFormatCodeType

 

   

   

Definition:

A code specifying the format used when a payment is made through an automated clearing house.

   

GDD URN:

   

Applicable Codes:

Code

Code Name

Code Description

CCD

Cash Concentration or Disbursement

Cash Concentration or Disbursement can be either an ACH (Automated Clearing House) credit or debit where funds are transferred between corporate entities. It is used for concentration of funds between or within companies. CCD is the only corporate ACH format that does not have space for additional addenda information.

CCP

Cash Concentration / Disbursement plus addenda

Cash Concentration / Disbursement plus addenda combines the CCD format with a single addendum record that can carry 80 characters. Often referred to also as CCD+.

CTX

Corporate Trade Exchange

Corporate Trade Exchange supports transferring of funds, either credits or debits, within a trading partner relationship. Unlike CCD and CCP, CTX is capable of transmitting extensive remittance data along with transactions.

PPD

Prearranged Payment and Deposit Entry

Prearranged Payment and Deposit Entry is a format by which consumers may authorize credits or debits to their accounts by a company or Financial Institution use.

PPP

Prearranged Payment and Deposit plus Addenda

Prearranged Payment and Deposit plus Addenda combines the PPD format with a single addendum record that can carry 80 characters. Often referred to also as PPD+.