article thumbnail

Navigating the ACH Landscape: Understanding Payment Types and Payment Codes

EBizCharge

TEL (Telephone-Initiated Entry): TEL codes are used for payments authorized via telephone. The signed check serves as authorization for the transaction, and the check number appears in the entry description. IAT (International ACH Transaction): IAT entries are used for international ACH transactions.

ACH 52
article thumbnail

What Does Return Mobile ACH Payment Mean?

Payment Savvy

Some of the most common ACH return codes are caused by incorrectly entered information or insufficient funds available, while others can be more complicated and include issues with authorization and more. Scroll down and search for the code you are looking for. What Are ACH returns? types incorrectly, out of sequence, etc.)

ACH 52
article thumbnail

ACH SEC Codes

Payment Savvy

An SEC (Standard Entry Class) code is a code made up of three letters that explains how a specific ACH transaction was authorized by the business or a customer that received it. Different authorization types are signified by different Standard Entry Class (SEC) codes. IAT – International ACH Transaction Entry.