107 Payment Method Type Code

Code identifying type of payment procedures

Type

Identifier (ID)

Length

Min 1 / Max 2

Codes

1

Graduated

2

Income Sensitive

3

Income Contingent

4

Level (Sum Constant)

8

Credit Account

A

Private Netting Agreement, Pay by Wire Transfer

B

Compensation by Balance

C

Pay By Check

D

Debited

E

Electronic Payment System

F

Freight Payment Bank

G

CCD (NACHA Corporate Credit or Debit - Funds Transacted without Remittance Information)

H

CCD+ (NACHA Corporate Credit or Debit - Funds Transacted Plus an 80 Record Remittance Detail)

I

Invoiced Separately

J

CTX (NACHA Corporate Trade Exchange - Transaction Plus Remittance Detail in ANSI Standard Flexible Format)

K

Private Netting, Pay by Check

L

Letter of Credit

M

Deduction from Film Rental

N

Billing Account

The account or summary account that represents a customer's net compensation position with the bank for the relationship within this transaction set

O

CTP (NACHA Corporate Trade Payment - Transaction Plus Remittance Detail in Fixed Format)

P

Previously Charged

Service charged outside of analysis; provided for completeness of bank information

Q

Petroleum Clearinghouse Bank

R

Related Detail Account

Individual account that provides supporting data for a billing or summary amount

S

Summary Account

Summary of account level detail for information, pricing or balance netting

T

Wire Transfer

U

Direct Pay to Others

V

Lock Box

W

Waived

X

In Kind Payment

Y

Credit

AA

Bank Draft

AB

Cash

AC

Credit Card

AD

Direct Deposit

AE

Money Order

AF

Special Account

AG

Travelers Check