107 Payment Method Type Code

Code identifying type of payment procedures

Codes

<> 1

Graduated

<> 2

Income Sensitive

<> 3

Income Contingent

<> 4

Level (Sum Constant)

<> 8

Credit Account

<> A

Private Netting Agreement, Pay by Wire Transfer

<> AA

Bank Draft

<> AB

Cash

<> AC

Credit Card

<> AD

Direct Deposit

<> AE

Money Order

<> AF

Special Account

<> AG

Travelers Check

<> B

Compensation by Balance

<> C

Pay By Check

<> D

Debited

<> E

Electronic Payment System

<> F

Freight Payment Bank

<> G

CCD (NACHA Cash Concentration/Disbursement - Funds Transacted without Remittance Information)

<> H

CCD+(NACHA Cash Concentration/Disbursement - Funds Transacted Plus an 80 Record Remittance Detail)

<> I

Invoiced Separately

<> J

CTX (NACHA Corporate Trade Exchange - Transaction Plus Remittance Detail in ANSI Standard Flexible Format)

<> K

Private Netting, Pay by Check

<> L

Letter of Credit

<> M

Deduction from Film Rental

<> N

Billing Account

<> O

CTP (NACHA Corporate Trade Payment - Transaction Plus Remittance Detail in Fixed Format)

<> P

Previously Charged

<> Q

Petroleum Clearinghouse Bank

<> R

Related Detail Account

<> S

Summary Account

<> T

Wire Transfer

<> U

Direct Pay to Others

<> V

Lock Box

<> W

Waived

<> X

In Kind Payment

<> Y

Credit