Detailed Transaction Records Contains “basic” transaction information, including: -ABA/routing number other party – not your) -Account number other party – not your) -Amount -Name of individual id -The name of the account you keep internally for the other party you are dealing with. -Individual Identification Number – The account number that you manage internally for the other party you are dealing with. -Transaction Code- Identifies the transaction as debit or credit and account type, e.B. verification, savings, etc. Addendum records Additional payment information can be entered into one or more addendum records. CCD and PPD are limited to 1 addendum record, while CTX can have up to 9,999 records. Notes: – Each Addendum, PPD, CCD, and CTX record can contain up to 80 characters of X12 information. – The format of the ACH file is a fixed-width ASCII file (94 characters). ACH Formats Create and transfer files in one of the following NACHA formats: ACH/PPD transactions are typically company-to-company. We use PPD to reimburse employee travel and expenses. ACH/CCD transactions are on a business-to-business basis.
We use CCD and CTX transactions for EFT payments to business partners. We use ACH/CTX when the payment of corporate transactions to business partners is accompanied by additional information. This is a free-form optional text box that is transferred to the RDFI with the payment order. Please note that this information may or may not be displayed to the recipient depending on the bank`s capabilities and access method (e.g. B, online banking, bank statement, etc.). If you are processing TEL transactions, you must either record the consumer`s verbal approval on tape or send a written notice to the consumer confirming the verbal approval prior to the settlement date of the transaction. You must also ensure that at least the following specific information is communicated to the consumer during the call: With ACH Universal Trading Partner Edition, we integrate an EDI engine that matches the EPN STP 820 transaction set. In addition, we come across the format for Sprint, Cingular and many other 820 set formats. Before creating a PPD entry on the consumer`s account, the consumer must have authorized the customer to initiate the entry into such an account. This power of attorney must be in writing and signed by the consumer or similarly certified, and the consumer must receive an electronic or paper copy of the power of attorney.
The authorisation shall be easily recognisable as an authorisation and shall clearly state its conditions and indicate that the insolvency practitioner may revoke the authorisation by notifying the author in the manner specified in the authorisation. The authorization process must prove both the identity of the consumer and their consent to the transaction.  In addition, nacha operating rules require that the PPD entry contain certain information, including but not limited to the recipient`s bank code number and account number.  In addition, an electronic or paper copy of the power of attorney must be made available to the consumer.  RULE ANALYSIS The explicit wording of Nacha`s operating rules suggests that POP entries are intended to be the exclusive entry and class code for ACH entries based on the conversion of cheques received at the place of purchase. The specific requirements for POP records would be largely unnecessary if nacha operating rules were designed in such a way that POP transactions could be performed as PPD records without complying with THE POP requirements. Nevertheless, it could be argued that the fact that the definition of PPD entry excludes MTE and POS records but does not exclude POP records means that some or all transactions that meet the definition of POP records can also be treated as PPD records. Similarly, it could be argued that, since, for example, the rules on POP records do not require the author to provide the recipient with a copy of the authorization at the point of sale, the requirements of POP records and PPD records are other means of carrying out the same general type of transaction. Since the explicit wording of Nacha`s operating rules does not conclusively specify whether or not POP entries are the exclusive means of carrying out certain transactions, Nacha issues this interpretation in accordance with Article 13.3 of Nacha`s Operating Rules. INTERPRETATION Nacha intended that the rules for POP records would be the exclusive entry and class code for ACH records, based on the conversion of checks received at the place of purchase. Recognizing the importance of creating, within nacha`s operating rules, a legal framework that would protect ACH participants with respect to the initiation of registrations at the point of sale, the voting members of nacha approved in March 1999 an interim rule to expand the definition of the PPD input format to allow its use in the initiation of ACH single debits for purchases, made at the point of purchase.
However, this provisional rule should only be a one-year transitional arrangement to allow for the implementation of a new standard entry class code for point-of-sale transactions – the POP entry. Later, in September 2000, the POP-SEC code and the requirements for POP registrations came into force, replacing the use of the PPD transitional rule for point-of-sale registrations.  The POP Entry Rules set out the legal framework and requirements that Nacha Voting Membership deemed necessary to protect ACH participants with respect to the verification of conversion transactions initiated at the point of purchase. The rules on POP registrations also set out requirements for the provision of information on the consumer`s bank account statement so that the consumer can identify the converted cheque and the place where the payment was made.  The POP application is specifically designed to ensure the protection of consumers and the specific requirements of this type of conversion activity. SUMMARY: Pursuant to Article 13.3 (Rules of Interpretation), Nacha was invited to make a formal interpretation of nacha`s Rules of Operation regarding the practice of using the pre-established payment and deposit format (“PPD”) for the conversion and electronic collection of consumption cheques collected at the place of purchase. This interpretation clarifies that the POP entry and the POP Standard Entry Class (“SEC”) code are the exclusive entry and class code for ACH records based on the conversion of cheques received at the place of purchase. The input and PPD format cannot be used for this purpose. ISSUE: Nacha was asked whether the practice of using a single PPD record to convert a cheque received at the point of purchase, rather than treating such a transaction as a POP record (specifically designed for electronic cheque conversion), is compatible with nacha`s operating rules. Nacha understands that in this practice, a retailer receives a consumer cheque at the point of purchase and stamps the back of the cheque with an authorization language for an electronic direct debit. The consumer then signs the authorization on the back of the cheque. The merchant processes the check later, enters the check`s MICR information, and creates a PPD debit account for the check amount.
The retailer may also provide the consumer with a copy of the language of authorization on the consumer`s receipt or on any other document. .