SEC Codes
An SEC code is a three letter code that describes how a payment was authorized by the consumer or business receiving an ACH transaction. SEC stands for 'Standard Entry Class'. SEC codes are defined and maintained by NACHA, the governing body for the ACH network.
What is Standard Entry Class (SEC) code ATX?
SEC code ATX stands for Financial EDI Acknowledgment. This SEC code is used in the context of Automated Clearing House (ACH) transactions, which are electronic payments or collections made through the ACH network.
ATX is used to acknowledge the receipt of financial Electronic Data Interchange (EDI) transactions. SEC code ATX helps provide confirmation and tracking for payment instructions and financial data exchanged between parties using EDI.
What is the Transaction Type for SEC code ATX?
The transaction type for ATX is non-monetary, acknowledging CTX Credit Entry.
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