merchant:checkformat

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merchant:checkformat [2008/01/10 14:53]
tem
merchant:checkformat [2010/08/17 16:29]
tem
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 Prearranged Payment or Deposit. ​  ​Credits or Debits that have been pre-arranged by consumers to draft from their personal bank account. ​ Typically used for recurring payments. ​ Signed Authorization by Customer required, or contract language along with voided check. ​ Prearranged Payment or Deposit. ​  ​Credits or Debits that have been pre-arranged by consumers to draft from their personal bank account. ​ Typically used for recurring payments. ​ Signed Authorization by Customer required, or contract language along with voided check. ​
 +
  
  
 ==== RCK ==== ==== RCK ====
  
-Re-Presentation Check. ​  After a check has been return for insufficient funds it may be attempted again using this format. RCK may only be retried once. Customer notification "​Checks are Electronically Processed"​ required at Point of Sale. +Re-Presentation Check. ​  After a check has been return for insufficient funds it may be attempted again using this format. RCK may only be retried once. Customer notification "Returned ​Checks are Electronically ​Re-Processed"​ required at Point of Sale.
  
 ==== TEL ==== ==== TEL ====
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 Internet Initiated Entry. ​  ​Transaction was received from consumer via the Internet (ie shopping cart). Web transactions require a drop-down "I agree" or a standard form of acknowledgment initiated by the customer and **MUST be HTTPS secured web-page.** Internet Initiated Entry. ​  ​Transaction was received from consumer via the Internet (ie shopping cart). Web transactions require a drop-down "I agree" or a standard form of acknowledgment initiated by the customer and **MUST be HTTPS secured web-page.**
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 +
 +==== ICL ====
 +
 +[[http://​en.wikipedia.org/​wiki/​Check_21_Act|Check 21 Transaction]]
 +
  
merchant/checkformat.txt · Last modified: 2010/08/17 16:29 by tem

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