107 Payment Method Type Code

Code identifying type of payment procedures

Type
Identifier (ID)
Length
Min 1 / Max 2
Codes
CodeDescription
1Graduated
2Income Sensitive
3Income Contingent
4Level (Sum Constant)
8Credit Account
APrivate Netting Agreement, Pay by Wire Transfer
AABank Draft
ABCash
ACCredit Card
ADDirect Deposit
AEMoney Order
AFSpecial Account
AGTravelers Check
BCompensation by Balance
CPay By Check
DDebited
EElectronic Payment System
FFreight Payment Bank
GCCD (NACHA Cash Concentration/Disbursement - Funds Transacted without Remittance Information)
HCCD+(NACHA Cash Concentration/Disbursement - Funds Transacted Plus an 80 Record Remittance Detail)
IInvoiced Separately
JCTX (NACHA Corporate Trade Exchange - Transaction Plus Remittance Detail in ANSI Standard Flexible Format)
KPrivate Netting, Pay by Check
LLetter of Credit
MDeduction from Film Rental
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
OCTP (NACHA Corporate Trade Payment - Transaction Plus Remittance Detail in Fixed Format)
PPreviously Charged
Service charged outside of analysis; provided for completeness of bank information
QPetroleum Clearinghouse Bank
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
TWire Transfer
UDirect Pay to Others
VLock Box
WWaived
XIn Kind Payment
YCredit

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