First Kentucky Business Cash Management User Guide

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SEC Code: The three-letter Standard Entry Class code designating a type of batch transaction available through the ACH network. SEC Codes currently available to use via Cash Management: • CCD: Cash Concentration or Disbursement Entry can be a credit or debit origination where funds are either distributed or consolidated between corporate entities. This can serve as a stand-alone funds transfer, or it can support a limited amount of payments related data with the funds transfer. • PPD: Prearranged Payment or Deposit is when consumers grant written authorization to the originator for direct credit or debit to a specified bank account. SEC Codes Not Currently available to use via Cash Management: • ARC: Accounts Receivable Entry enables originators to convert a Single Entry ACH debit a consumer check received via the US mail or at a drop box location for the payment of goods or services. • BOC: Back Office Conversion is for checks written at a payment location for goods or services and converted from paper to electronic debit later at a centralized location. Converted checks are securely stored by the merchant until destroyed. • CTX: Corporate Trade Exchange supports the transfer of debit or credit funds within a trading partner relationship in which a full ANSI ASC X12 message or payment related UN/EDIFACT information is sent with the funds transfer. • POP: Point of Purchase gives consumers and businesses the ability to convert paper checks into electronic payments at the point-of-purchase. The voided check is handed back to the consumer after it has been scanned, and the consumer signs an authorization form. The consumer may opt out of check conversion. • RCK: Re-presented Check Entry is used by originators to re-present a check that has been processed through the check collection system and returned because of insufficient or uncollected funds.

Glossary