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SEC Codes

WEB

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
WEB
Definition
Internet Initiated/ Mobile Entry
Transaction Type
Debit or Consumer to Consumer Credit Single Entry, or Recurring Entry
Account Type
Consumer
Requirement
Authorization: In writing and signed, or similarly authenticated (Debit WEB entries)

What is Standard Entry Class (SEC) Code WEB?

SEC code WEB stands for Internet Initiated/Mobile 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 WEB is Debit or Consumer to Consumer Credit Single Entry, or Recurring Entry.

WEB is used for ACH debit transactions where a consumer authorizes a payment online. This is commonly used for online bill payments, purchases, and other types of e-commerce transactions. For one-time payments, the consumer authorizes the transaction by entering their bank account information on a secure website and providing consent for the payment. For recurring payments, the consumer provides authorization through an online agreement or setup process, consenting to regular debits from their account.

The WEB code indicates that the transaction was authorized over the internet, ensuring that financial institutions recognize and process it as an online-initiated transaction. Due to the nature of online transactions, WEB entries are subject to specific NACHA rules and requirements to ensure security, including:

  • Enhanced authentication measures to verify the identity of the consumer.
  • Data encryption to protect sensitive financial information during transmission.
  • Record-keeping requirements to maintain authorization documentation.

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