PayPal Payflow - 2009 - ACH Payment Service Guia do Utilizador descarregar pdf (Página 16)

About ACH Payments

ACH Terminology

16 Payflow ACH Payment Service Guide

SEC Code Standard Entry Class code. Three-letter code that uniquely identifies the type of ACH

payment (for example, TEL).

TEL Telephone-Initiated Entry — Single-entry Debit/Sale with verbal telephone

authorization by the consumer. See “Summary of TEL Requirements” on page 22 for

other requirements.

Payflow ACH Payment

Service

PayPal is a “third party processor,” originating ACH payments on behalf of the biller.

Void A Void payment cancels a Debit/Sale payment. A Void payment requires the Original

Payment ID of an earlier Debit/Sale payment. You can Void any payment in status

P02 or P04. (P02 is the state of a transaction waiting to settle the first time. P04 is the

state of a retried transaction waiting to be settled.)

You cannot void a Void payment.

WEB payment A class of Business-to-Business payment for which you obtained customer

authorization over the Internet.

ABLE 2.1 ACH terminology

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