SEC Codes

CCD:

corporate cash disbursement—a charge or credit against a business checking account. You can use one-time or recurring

CCD

transactions to transfer funds to or from a corporate entity. A standing authorization is required for recurring transactions. For Cybersource ACH Service,

CCD

is the default value for a credit when no value is set and when the

echeck_account_type

field is set to

X

or

G

.

PPD:

prearranged payment and deposit entry—a charge or credit against a personal checking or savings account. You can originate a

PPD

entry only when the payment and deposit terms between you and the customer are pre-arranged. A written authorization from the customer is required for one-time transactions, and a written standing authorization is required for recurring transactions. For Cybersource ACH Service,

PPD

is the default value for a debit when no value is set and when the

echeck_account_type

field is set to

C

or

S

.

TEL:

telephone-initiated entry—a one-time charge against a personal checking or savings account. You can originate a

TEL

entry only when there is a business relationship between you and the customer or when the customer initiates a telephone call to you. For a

TEL

entry, you must obtain a payment authorization from the customer over the telephone. Only the Cybersource ACH processor supports recurring telephone-initiated debits and credits. For Cybersource ACH Service, if the e-commerce indicator (ECI) for the Virtual Terminal is

MOTO

, the value of the

echeck_sec_code

field defaults to

TEL

.

WEB:

internet-initiated entry—a charge against a personal checking or savings account. You can originate a one-time or recurring

WEB

entry when the customer initiates the transaction over the internet. For a

WEB

entry, you must obtain payment authorization from the customer over the internet. For Cybersource ACH Service, if the ECI for the Virtual Terminal is not set to

MOTO

, the value of the

echeck_sec_code

field defaults to

WEB

. Use

WEB

as the SEC code for all Canadian dollar transactions on the Chase Paymentech Solutions connection.