CIE
An SEC code is a three letter code that describes how a payment was authorized by the consumer or business receiving an ACH transaction. SEC stands for 'Standard Entry Class'. SEC codes are defined and maintained by NACHA, the governing body for the ACH network.
What is Standard Entry Class (SEC) code CIE?
SEC code CIE stands for Customer Initiated Entry. This SEC code is used in the context of Automated Clearing House (ACH) transactions, which are electronic payments or collections made through the ACH network.
CIE is used for credit applications initiated on behalf of, and upon the instruction of, a consumer to transfer funds to a non-consumer Receiver.
What is the Transaction Type for SEC code CIE?
The transaction type for CIE is Credit Single Entry.
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