Navigating the ACH Landscape: Understanding Payment Types and Payment Codes
EBizCharge
SEPTEMBER 18, 2024
Here are the other ACH payment codes to know: ARC (Accounts Receivable Entry): ARC entries occur when a check mailed to the originator is converted into an ACH debit. IAT (International ACH Transaction): IAT entries are used for international ACH transactions. Large companies with AR departments commonly use this code.
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