PaymentsFirst – The ABCs of SECs
This session provides a comprehensive overview of Standard Entry Class (SEC) codes used in ACH transactions, highlighting their specific purposes and authorization requirements. Participants will gain insights into the significance of SEC codes in ensuring compliance and effective transaction processing.
We will cover:
- Understanding SEC Codes
- Authorization Requirements
- Examples and Scenarios
- Best Practices
This session equips participants with the knowledge and tools needed to understand SEC codes, ensuring accurate transaction processing and compliance with regulatory standards.