Create CCD (Corporate Credit or Debit) Payment

When creating or modifying a CCD payment, it is important to consider the following:

  • CCD payments differ from PPD payments in that the recipient is a business rather than an individual.
  • CCD payments can be either a credit or debit transaction against the recipient's account.

Batch Information

The details in the Batch Information section apply to the entire payment.

Company Entry Description
A brief description of the payment in ten or fewer characters.
The entered text displays on the Payment Center page in the Transaction Name/Reference column for pending or processed ACH payments.
Originating Account
The account from which the payment originates.
Originating ACH Company ID
The code that identifies the originator.
A company account can have multiple ACH company IDs. When this is the case, the page provides a list from which a company user can select the ID that should be used for the payment.
Company Discretionary Data
Additional information to identify the transaction.
This field must not exceed 20 characters in length.
You can use this to include a description of the payment, an employee name, a vendor number, or a combination of transaction details.
Offset Creation Level
Indicates how settlement records should be generated for the batch.
Options are as follows:
  • Batch level offset – One offset created for the batch, which includes all recipient entries
  • Transaction level offset – Individual offset records created for each recipient entry
Note: This option appears only when your company is configured for balanced ACH files.
Effective Date
The date on which you want the payment settled for all recipients in the batch.
The standard effective date is supplied, but the date may be changed by typing it or selecting it from the calendar.
Be sure to allow enough time for processing. The system checks the following conditions to determine whether an entered date should be allowed:
  • Non-processing days – The effective date must allow for a send date that is a business day (processing day) for the financial institution. Note that the processing schedule may vary according to the payment type.
  • Minimum lead time – Transactions must be scheduled either one or two days before the effective date, depending on whether the payment is a credit, debit, or mixed batch.
  • Future-dating restrictions – The financial institution may restrict the number of days into the future that a payment can be scheduled.
  • Allowance for same-day settlement – For payments that both originate and settle within the financial institution, the effective date can be the same as the current date.
Frequency
How often the payment should be made:
  • If a single, non-recurring payment, select One Time Only.
  • If a recurring payment, select Recurring, and make a selection for each of these options:

    Recurring Schedule – Select a payment schedule from the list.

    Weekend/Holiday Schedule – For weekend or holiday payments, select either previous day or next processing.

    Number of Payments – Select one of the payment options.

    See also About Recurring Payments

Workflow
Options for the final steps in the workflow.
The options are as follows:
  • Save as Template – Saves the information on this page as a template
  • Approve on Submit – Approves the payment automatically when you submit it
  • Confidential – Indicates that the payment should be visible only to users who are entitled to manage confidential batches:

    The user entitlement that enables a user to mark new payments as confidential also enables the user to view payments that have been already marked as confidential.

    If the payment is created from a template that is marked as confidential, then the payment is also confidential. This setting cannot be modified regardless of a user's entitlements.

Recipients

You can create new recipients by selecting them from a list, creating them, or by importing the information from a file.

Recipient Name
The name of the payment recipient.
Recipient ID
An identifier for the recipient.
Bank ID
The bank routing number of the account.
Bank Name
The name of the recipient's bank.
Account Number
The number of the recipient's account.
Account Type
The account type from the list, for example Checking, Savings, or Loan.
Amount
The amount to be credited to or debited from the account.
Click the Zero All button to quickly change all amounts to zero.
Note: If no payment amount is specified, an addendum is required.
CR/DR
Indicates whether the transaction will be processed as a credit to the recipient's account or as a debit from the account.
You can use the Running Totals link (top right of the Recipients list) to display a summary of credits and debits. Subtotals are calculated by recipient status (Active, Hold, or Prenote).
To change all recipients to debits or credits, click Set All, and select the All Debit or All Credit link.
Note: The CR/DR column appears only if the ACH payment type has been configured in Solution Application Manager to allow mixed batches.
Disc. Data
Discretionary data is an optional code specific to the originating financial institution that enables specialized transaction handling.
This field is two characters. Depending on the needs of the originating financial institution, it can either hold a single two-character code or two distinct one-character codes.
Status
Indicates the status as one of the following:
  • Active – The transaction is active, that is, not on hold and not prenoted.
  • Hold – The transaction is on hold for the recipient, while other payments in the batch can be processed.
  • Prenote Expire On – The entry is a prenote entry to be sent to the recipient before any actual transaction.
    Note: If the recipient is saved to the master list, a prenote status will prevent the recipient from being available for other payments until the prenote has expired.
Click the Set All button to quickly change all the recipient transactions to the same status.
Addenda
An additional item of payment information, specific to a recipient.
Click Add Addenda to add addenda information.
For more information on each type of addenda, see the following:
  • Note/Special Instruction Addenda
  • Reference Number Addenda
  • Remittance Advice Addenda
  • Trace Addenda
  • Freeform Addenda
Remove
To remove the recipient, click (the Delete Icon).
See Also
Parent topic: Create ACH Payment