Remove ACH Operator Remove IAT Remove Payment Networks
article thumbnail

ACH SEC Codes

Payment Savvy

SHR – Shared Network Transaction. PPD/PPD+ – Prearranged Payment and Deposit Entry. IAT – International ACH Transaction Entry. Every month, once the deadline for the payment comes, your insurer’s bank will create an ACH entry, requesting an agreed-upon amount of money to be taken from your account.