The type of eCheck.Net transaction. This might be automatically selected, depending on the transaction type (charge or refund) and the bank account type used for the transaction. For example, charge and refund transactions to a business checking account will always be CCD.
ARC — Accounts Receivable Conversion, or ARC, is a single-entry debit against a customer’s checking account. ARC allows merchants to collect payments received in the mail or left in a drop-box, and convert them to an electronic payment later. Payment authorization is obtained by posting required notices before accepting a customer’s check.
BOC — Back Office Conversion, or BOC, is a one-time charge transaction against a customer’s checking account. BOC allows merchants to collect a check written at a point of sale (checkout counter, manned bill payment location, service call location) and convert it to an ACH debit during back office processing. Payment authorization is obtained by posting required notices before accepting a customer’s check.
CCD — Cash Concentration or Disbursement, or CCD, is a charge or refund against a business checking account. One-time or recurring CCD transactions are fund transfers to or from a corporate entity. A standing authorization is required for recurring transactions.
PPD — Prearranged Payment and Deposit Entry, or PPD, is a charge or refund against a customer’s checking or savings account. PPD entries can only be originated when payment and deposit terms between the merchant and the customer are prearranged. A written authorization from the customer is required for one-time transactions and a written standing authorization is required for recurring transactions.
TEL — Telephone-Initiated Entry, or TEL, is a one-time charge against a customer’s checking or savings account. TEL transactions can only be originated when a business relationship between the merchant and the customer already exists; or if a relationship does not exist, then only when the customer initiates the telephone call to the merchant. Payment authorization is obtained from the customer by telephone.
WEB — Internet-Initiated Entry or WEB is a charge against a customer’s checking or savings account. One-time or recurring WEB transactions are originated through the Internet. Payment authorization is also obtained from the customer through the Internet.
Note: The type of eCheck.Net transactions you are permitted to submit depends on the underwriting of your eCheck.Net account. For more information about eCheck.Net transaction types, see the eCheck.Net Operating Procedures and User Guide. In addition, the payment processing associations that regulate electronic check transactions require that you have the appropriate payment authorization from the customer. Make sure you have the appropriate evidence of authorization from the customer before submitting an eCheck.Net transaction to the payment gateway. For details about how to obtain an appropriate authorization for each eCheck.Net type, see the eCheck.Net Operating Procedures and User Guide.