107 Payment Method Code

Code identifying type of payment procedures.

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Type
Identifier (ID)
Length
Min 1 / Max 1
Codes
CodeDescription
BCompensation by Balance
CPay By Check
DDebited
EElectronic Payment System
FFreight Payment Bank
IInvoiced Separately
LLetter of Credit
NBilling Account
The account or summary account that represents a customer's net compensation position with the bank for the relationship within this transaction set
PPreviously Charged
Service charged outside of analysis; provided for completeness of bank information
RRelated Detail Account
Individual account that provides supporting data for a billing or summary amount
SSummary Account
Summary of account level detail for information, pricing or balance netting
WWaived
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