Remittance Types
The Payments API allows the customer to pass a variety of different remittanceType
values in the Add Payment API request body for US ACH payments. This field is optional and if left blank, Convera will choose the appropriate remittanceType
to send with the creation of the NACHA file. The acceptable values and their definitions are below:
RemittanceType | Description | Format |
---|---|---|
CCD | Corporate Credit or Debit - used for standard B2B payments into a corporate account | US domestic ACH. One addenda record, up to 80 characters using the Valid only for |
CTX | Corporate Trade Exchange - similar to CCD but allows additional remittance data to be passed with the payment to pay for multiple invoices or other use cases | US domestic ACH. Up to 9,999 addenda records each passed within the Valid only for |
PPD | Prearranged Payment and Deposit entry - used for B2C payments into a consumer account | Addenda not supported. Valid only for |
IAT | International ACH transaction - payment is either coming from outside of the US or will be ultimately used outside of the US | Full beneficiary address information required. One addenda supported up to 80 characters in Valid only for |
Specifying Correct Remittance Types
If an incompatible
remittanceType
is specified (e.g.IAT
when the payment is not originating internationally), then the payment may be rejected.
Updated 3 days ago