- CCD (Corporate Debit or Credit entry):
- Used to facilitate commercial / business-to-business (B2B) payments between accounts belonging to the same or different business entities. They may be buyer-initiated (ACH Credit) or seller-initiated (ACH Debit) transactions. CCD can include additional data (known as addenda records), which allows businesses to send more detailed remittance information along with the payment, like invoice numbers or other reference details.
- PPD (Prearranged Payment and Deposit): This type is used for ACH payments between businesses and individuals, typically for direct deposit or payments to consumers. Examples include payroll deposits, pension payments, and Social Security payments. PPD: Includes less detailed transaction data, as it’s primarily for straightforward deposits or withdrawals from consumer accounts.
- WEB (Internet/Mobile initiated entry):
- Used by a non-consumer Originator to debit a consumer account, for recurring or non-recurring transactions, based on an authorization that is received other than by oral communication, i.e. via the internet or a wireless network.
The SEC Code is not always the same. What is the difference between them?
Luke Gruenwald
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