The SEC Code is not always the same. What is the difference between them?

  • 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.
  • 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.
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