Direct payment
An assigned invoice has been paid by the buyer to the factor.
2
Automatic clearing house credit
Credit transaction via an ACH (Automated Clearing House).
3
Automatic clearing house debit
Debit transaction via an ACH (Automated Clearing House).
4
Automatic clearing house credit-savings account
Credit transaction via an ACH (Automated Clearing House) to an interest bearing deposit account without a stated maturity.
5
Automatic clearing house debit-demand account
Debit transaction via an ACH (Automated Clearing House) to an account paying funds on demand without notice of intended withdrawal.
6
Bank book transfer (credit)
Current value of an asset, moved from one account to another, as it appears on the balance sheet (credit).
7
Bank book transfer (debit)
Current value of an asset, moved from one account to another, as it appears on the balance sheet (debit).
8
Doc collection via 3rd party with bill of EX
Presentment of negotiable instruments to the point of origin, and receiving payment from the paying bank, using a 3rd party with bill of exchange.
9
Doc collection via 3rd party no bill of EX
Presentment of negotiable instruments to the point of origin, and receiving payment from the paying bank, using a 3rd party without bill of exchange.
10
Irrevocable documentary credit
Written undertaking by a bank to pay a seller against stipulated documents that cannot be amended or cancelled without the consent of all parties involved.
