ACH Status Definitions and Flow

Transaction Status	Definition
Pending Origination/Originating	ACH transaction has been initiated. Money has not moved at this stage.
Originated	Transaction in process but has not been funded/settled yet.
Declined	Transaction not approved. Could be due to a velocity error (attempt to process a transaction over the allowed limit).
Voided	Transaction voided. Money will not be moved or settled.
Settled	Transaction completed and funded.
Charged Back	Transaction charged back. Could be due to insufficient funds, closed account, etc.

Standard Entry Class Codes / SEC Codes

General Terms	Definition
CCD	Corporate Credit or Debit: Transfer of funds where they are either distributed or consolidated between corporate entities.
PPD	Prearranged Payment and Deposit: Through standing authorizations, the consumer grants the company authority to initiate periodic charges to his or her account as bills become due.
WEB	Internet-Initiated Entry: This Standard Entry Class Code is used for the origination of debit entries (either Single or Recurring Entry) to a consumer’s account pursuant to an authorization that is obtained from the Receiver via the Internet.
TEL	Telephone-Initiated Entry: This Standard Entry Class Code is used for the origination of a Single Entry debit transaction to a consumer’s account pursuant to an oral authorization obtained from the consumer via the telephone.
POP	Point-of-Purchase Entry: Made in person at the register.
C21	Although not an SEC Code, "C21" is used to denote Check 21 transactions. Check 21 requires a check reading device capture the routing number, account number, and check number from the source document (Check) as well as capture images of both the front and back of the source document. Not available with all Processors.

General Terms	Definition
ACH	Automated Clearing House: an electronic network for financial transactions in the US.
EFT	Electronic Fund Transfer: a system of transferring money from one bank account directly to another without any paper money changing hands. One of the most widely-used EFT programs is Direct Deposit.
Velocity	The limit of money that may change hands (hard set in system).
Insufficient Funds	Not enough money in the customers account to cover the charge.
Invalid Account	Account number is not a valid. Could be due to misentry of the account number. This may take a few days to be determined, does not always happen immediatley.
Closed Account	Account is in a closed status. This may take a few days to be determined, does not always happen immediatley.
CCD, PPD, WEB, TEL, POP, C21	All types considered ACH transactions billed per occurance (per transaction).