ACH SEC Codes
Payment Savvy
NOVEMBER 10, 2022
In terms of ACH transaction types, there are two – ACH debits, also known as direct payments (when money gets pulled out of an account), and ACH credits, also known as direct deposits (when money gets added to the account). PPD/PPD+ – Prearranged Payment and Deposit Entry. RCK – Re-presented Check Entry.
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