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What Does Return Mobile ACH Payment Mean?

Payment Savvy

ACH Operator The ACH Operator links the two accounts by processing transactions (e.g., clearing, delivery, settlement). It receives the ACH entry and submits it to the Receiver. Receiver The receiver is the individual or company that allows the Originator to initiate an ACH entry.

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ACH SEC Codes

Payment Savvy

CCD/CCD+ – Corporate Credit or Debit Entry. PPD/PPD+ – Prearranged Payment and Deposit Entry. IAT – International ACH Transaction Entry. CTX – Corporate Trade Exchange Entry. RCK – Re-presented Check Entry. POP – Point-of-Purchase Entry.