SEC Codes
IAT
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.
SEC Code
IAT
Definition
International ACH Transaction
Transaction Type
Credit or Debit Single Entry or Recurring Entry
Account Type
Consumer or Non-Consumer
Requirement
Agreement: Originator and Receiver (Corporate); Authorization: In writing and signed, or similarly authenticated (Consumer Debit); Authorization: Orally or other non-written means (Consumer Credit)
What is Standard Entry Class (SEC) code IAT?
SEC code IAT stands for International ACH Transaction. 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.
An IAT is used for a debit or credit entry involving a financial agency’s office that is not located in the territorial jurisdiction of the United States.
What is the Transaction Type for SEC code IAT?
The transaction type for IAT is Credit or Debit Single Entry or Recurring Entry
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SEC Codes
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ACKACH Payment Acknowledge
ADVAutomated Accounting Advice
ARCAccounts Receivable Entry
ATXFinancial EDI Acknowledgment
BOCBack Office Conversion Entry
CCDCorporate Credit or Debit Entry
CIECustomer Initiated Entry
CORNotification of Change or Refused Notification of Change
CTXCorporate Trade Exchange
DNEDeath Notification Entry
ENRAutomated Enrollment Entry
IATInternational ACH Transaction
MTEMachine Transfer Entry
POPPoint of Purchase Entry
POSPoint of Sale Entry
PPDPrearranged Payment and Deposit
RCKRe-presented Check Entry
SHRShared Network Transaction
TELTelephone- Initiated Entry
TRCTruncated Entry
TRXTruncated Entry Exchange
WEBInternet Initiated/ Mobile Entry
XCKDestroyed Check Entry