Common use of Types of Entries Clause in Contracts

Types of Entries. Financial Institution will transmit debit and/or credit Entries initiated by American Payments Solutions LLC on behalf of Sub-Merchants to the ACH Network as provided in the Rules and this Agreement. As used in this Agreement, the followingare SEC Codes: A. Accounts Receivable Entry (“ARC”). An ACH debit created from a check received in the U.S. Mail or a drop box location and converted to an ACH debit. (Refer to the Rules regarding items eligible for check conversion). B. Back Office Conversion (“BOC”). During back office processing, an ACH debit is created from a check received at the point of check being tendered or received at a “manned” xxxx payment location for in-person payments.(Refer to the Rules regarding items eligible for check conversion). C. Corporate Credit or Debit (“CCD”). Either a credit or debit where fundsare either distributed or consolidated between corporate entities. D. Corporate Trade Exchange (“CTX”). The transfer of funds (debit or credit) within a trading partner relationship in which payments related information is placed in multiple addenda records. E. Point-Of-Purchase (“POP”). ACH debit application used by Originators as a method of payment for the in-person purchase of goods or services by receivers. (Refer to the Rules regarding items eligible for check conversion). F. Prearranged Payment and Deposit (“PPD”).

Types of Entries. Financial Institution will transmit debit and/or credit Entries initiated by American Payments Solutions LLC SimplePay on behalf of Sub-Merchants to the ACH Network as provided in the Rules and this Agreement. As used in this Agreement, the followingare following are SEC Codes: A. Accounts Receivable Entry (“ARC”). An ACH debit created from a check received in the U.S. Mail or a drop box location and converted to an ACH debit. (Refer to the Rules regarding items eligible for check conversion). B. Back Office Conversion (“BOC”). During back office processing, an ACH debit is created from a check received at the point of check being tendered or received at a “manned” xxxx payment location for in-person payments.(Refer to the Rules regarding items eligible for check conversion). C. Corporate Credit or Debit (“CCD”). Either a credit or debit where fundsare funds are either distributed or consolidated between corporate entities. D. Corporate Trade Exchange (“CTX”). The transfer of funds (debit or credit) within a trading partner relationship in which payments related information is placed in multiple addenda records. E. Point-Of-Purchase (“POP”). ACH debit application used by Originators as a method of payment for the in-person purchase of goods or services by receivers. (Refer to the Rules regarding items eligible for check conversion). F. Prearranged Payment and Deposit (“PPD”).

Types of Entries. Financial Institution will transmit debit and/or credit Entries initiated by American Payments Solutions LLC Integrity Business Partners on behalf of Sub-Merchants to the ACH Network as provided in the Rules and this Agreement. As used in this Agreement, the followingare following are SEC Codes: A. Accounts Receivable Entry (“ARC”). An ACH debit created from a check received in the U.S. Mail or a drop box location and converted to an ACH debit. (Refer to the Rules regarding items eligible for check conversion). B. Back Office Conversion (“BOC”). During back office processing, an ACH debit is created from a check received at the point of check being tendered or received at a “manned” xxxx payment location for in-person payments.(Refer payments. (Refer to the Rules regarding items eligible for check conversion). C. Corporate Credit or Debit (“CCD”). Either a credit or debit where fundsare funds are either distributed or consolidated between corporate entities. D. Corporate Trade Exchange (“CTX”). The transfer of funds (debit or credit) within a trading partner relationship in which payments related information is placed in multiple addenda records. E. Point-Of-Purchase (“POP”). ACH debit application used by Originators as a method of payment for the in-person purchase of goods or services by receivers. (Refer to the Rules regarding items eligible for check conversion). F. Prearranged Payment and Deposit (“PPD”).

Types of Entries. Financial Institution will transmit debit and/or credit Entries initiated by American Payments Solutions LLC on behalf of Sub-Merchants to the ACH Network as provided in the Rules and this Agreement. As used in this Agreement, the followingare SEC Codes: A. Accounts Receivable Entry (“ARC”). An ACH debit created from a check received in the U.S. Mail or a drop box location and converted to an ACH debit. (Refer to the Rules regarding items eligible for check conversion). B. Back Office Conversion (“BOC”). During back office processing, an ACH debit is created from a check received at the point of check being tendered or received at a “manned” xxxx bill payment location for in-person payments.(Refer to the Rules regarding items eligible for check conversion). C. Corporate Credit or Debit (“CCD”). Either a credit or debit where fundsare either distributed or consolidated between corporate entities. D. Corporate Trade Exchange (“CTX”). The transfer of funds (debit or credit) within a trading partner relationship in which payments related information is placed in multiple addenda records. E. Point-Of-Purchase (“POP”). ACH debit application used by Originators as a method of payment for the in-person purchase of goods or services by receivers. (Refer to the Rules regarding items eligible for check conversion). F. Prearranged Payment and Deposit (“PPD”).