Search results
Key Takeaways on ACH PPD vs CCD. Primary Functions: ACH PPD (Prearranged Payment and Deposit) is used mainly for consumer transactions such as direct deposits and bill payments, whereas ACH CCD (Corporate Credit or Debit) is designed for corporate payments, including B2B transactions.
24 wrz 2019 · PPD. A Prearranged Payment and Deposit entry is a credit or debit to a consumer's bank account. The payment can be either single-use or recurring. In most B2C contexts, PPD is by far the most commonly used SEC code. TEL. Telephone-initiated entries happen when debiting a consumer bank account using authorization given over the phone.
11 cze 2023 · CCD and PPD can be used across various industries, but their suitability depends on transaction types and target audiences. CCD is commonly used in B2B industries, while PPD suits businesses focused on consumer transactions.
18 wrz 2024 · ACH SEC Codes: The Complete List. Written byDelaney Mann. Edited by: Amanda Justice. Fact-Checked by: Amanda Fein. Updated: Sep. 18, 2024. 9 min read. TABLE OF CONTENTS. What is an SEC Code? Why are SEC Codes Important. Top 5 Most Common ACH SEC Codes. The Full List of SEC Codes. Final Thoughts. Frequently Asked Questions.
A CCD entry is a single-entry or recurring ACH credit or debit originated to a corporate account. CCDs are commonly used by Originators to pay vendors, concentrate funds from outlying accounts (cash concentration), to fund payroll, petty cash, or other disbursement accounts.
Modern Treasury currently lets you use 6 SEC codes — PPD, CCD, CTX, IAT, CIE and WEB when making payments. If you don't specify a code, we will default to using PPD if the recipient is an individual. If the recipient is a business, we will default to using CCD.
19 cze 2023 · Cash concentration and disbursement (CCD) is a type of electronic transfer, often used to transfer funds among remote locations and so-called concentration (i.e. collection) accounts.
