ACH Transaction Entry Types. The following provisions only apply to those ACH Transaction Entry Types selected by the CLIENT in the Application portion of the Agreement. No other entry types other than those listed below may be originated by CLIENT. a. CCD – Corporate Credit or Debit Entries i. Transmittal of Entries by CLIENT: The CLIENT shall transmit CTX, CCD+ and/or CCD Entries to Cliq in compliance with the formatting and any other requirements set forth in the NACHA Rules. ii. Uniform Commercial Code Article 4A (UCC 4A) Disclosure: In regard to the origination of “wholesale credit” entries (defined as incoming corporate ACH credit transfers containing Standard Entry Class Codes (SEC Codes) “CCD” and “CTX”), the Originating Depository Financial Institution (ODFI) may provide disclosure as required by UCC 4A to the CLIENT.
Appears in 6 contracts
Samples: Merchant Agreement, Merchant Agreement, Data Processing and Payment Collection Agreement
