Code identifying the payment format to be used
Type
ID
Length
Max 10 / Min 1
Codes
<> BPT
Bill Payment
<> CBC
Consumer/Employee Check
<> CCD
Cash Concentration/Disbursement (CCD) (ACH)
<> CCP
Cash Concentration/Disbursement plus Addenda (CCD+) (ACH)
<> CTP
Corporate Trade Payment (CTP) (ACH)
<> CTX
Corporate Trade Exchange (CTX) (ACH)
<> PBC
Commercial/Corporate Check
<> PPD
Prearranged Payment and Deposit (PPD+) (ACH)
<> PPP
Prearranged Payment and Deposit plus Addenda (PPD+) (ACH)
<> PRD
Preauthorized Draft
