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Navigating electronic payments requires a thorough understanding of compliance standards set forth by governing bodies such as the National Automated Clearing House Association (NACHA) network. Authorization documents must be retained and made available upon request, serving as proof of compliance and legitimizing the transaction.
However, we want to help you get a better understanding of certain terms – and that’s what we will do in this article with SECcodes. Below, you will find all the information you might need about ACH transactions, in which those codes are used, as well as what they are, and share with you some real life examples. .
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