SEC codes are the foundation of eCheck transactions and work hand in hand with authorization requirements. They tell how the transaction was authorized, and what type of account the customer or client has.
PPD – Business to Consumer. Ex. employer to employee, or vender to customer.
POP – Authorization occurs at point of sale. Only business to consumer.
CCD – Business to Business.
WEB – Business to Consumer. Only debits.
TEL – Orally or via telephone.
ARC – Authorization received via mail. Must provide intent to convert.
RCK – Re-Present a check processed for NSF.
