Navigating the ACH Landscape: Understanding Payment Types and Payment Codes
EBizCharge
SEPTEMBER 18, 2024
WEB (Internet-Initiated Entry): WEB codes apply to electronic payments initiated over the Internet. IAT (International ACH Transaction): IAT entries are used for international ACH transactions. For an entry to be marked as IAT, it must be a payment instruction, involve a financial institution outside the U.S.,
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