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SEC Codes

MTE

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.

SEC Code
MTE
Definition
Machine Transfer Entry
Transaction Type
Credit/Debit Single Entry
Account Type
Consumer
Requirement
Authorization: In writing and signed, or similarly authenticated

What is Standard Entry Class (SEC) Code MTE?

SEC code MTE stands for Machine Transfer 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. The transaction type for MTE is a single entry ACH credit or ACH debit.

MTE specifically relates to transactions initiated by terminal-based systems, such as ATMs or self-service kiosks, that are protected by PIN security. MTE is used to ensure that both the originating (ODFI) and receiving (RDFI) financial institutions understand that the given ACH transaction was initiated through a PIN-protected terminal.

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