Code identifying type of payment procedures
Type
ID
Length
Max 2 / Min 1
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 Corporate Credit or Debit - Funds Transacted without Remittance Information)
<> H
CCD+ (NACHA Corporate Credit or Debit - 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