Resources/Projects

Resources

ACH eCheck Primer

Best Practices – Consumer Periodic Statements

BOC Implementation Checklist

Electronic Check Glossary

Quick Reference Guide: Selected ACH Applications

Quick Reference Chart: Check Conversion and Check 21

TEL Initiated Transactions

Examples of Statements with eCheck Transactions

• Example 1
• Example 2
• Example 3

What's in the News

Vendor Lists:

• ARC
• POP
• RCK
• TEL

Economic Frameworks:

• ARC
• BOC
• Lockbox
• Point of Deposit
• Point of Purchase

Reports

• NACHA Strategic Risk Framework

Projects

DRTC Pilot | Back Office Conversion | eCheck SEC Codes

Point of Deposit Truncation/Deposited and Returned Truncated Check Pilot
On November 1, 2002, NACHA's Electronic Check Council initiated a one-year pilot to test truncation of unpaid deposit items. The pilot was extended to run through October 31, 2005.

This initiative is now in the NACHA Rules Work Group process.

Back Office Conversion

What is BOC?
Back Office Conversion (BOC) allows businesses to collect a check written at a point of sale (checkout counter, manned bill payment location, service call location) and convert it an electronic payment in a centralized location.

When is this available?
On March 16, 2007 an amendment to the NACHA Operating Rules becomes effective that establishes this new application.

What resources or tools are available on BOC?
They are many resources and tools available for all industry participants. See below:

• www.electronicpayments.org – This website contains information, downloadable materials such as: training guides, fact sheets, sample notifications, etc. for Financial Institutions, Businesses and Consumers.
• NACHA Publications - through this website you can purchase a copy of the 2007 ACH Rules or the brand new Guide to Implementing a Back Office Conversion Entry Program.
• The Electronic Check Council has created a BOC Implementation Checklist for ODFIs, RDFIs and Originators. This provides you with an overview of the steps you want to consider when implementing BOC.
• Your Payment Associations are also a great resource as they offer training and seminars throughout the year.

eCheck SEC Codes
Five ACH Network Standard Entry Class Codes used for electronic check services or similar ACH services are in effect : ARC, RCK, POP, TEL and WEB. All of these SECs can be used only for consumer items.

RCK and POP Standard Entry Class Codes
On September 15, 2000, two Standard Entry Class (SEC) Codes for ACH electronic check transactions went into effect:

RCK – Re-presented Checks: Used to re-present through the ACH Network a payment that was submitted as a paper check but returned unpaid because of NSF or uncollected funds.

POP – Point of Purchase: Used to transmit a payment initiated at the point of purchase (such as a checkout counter or point of sale) through the ACH Network. The check serves only as the source document providing the information necessary to debit the customer's account. The payment is authorized by the customer at the time of purchase.

WEB – The WEB Standard Entry Class Code, which went into effect on March 16, 2001 is used for ACH transactions authorized over the Internet.

TEL – The TEL Standard Entry Class Code, which went into effect September 14, 2001, is used for ACH transactions authorized via conversation over the telephone.

ARC – Accounts Receivable Check – Standard Entry Class Code went into effect on March 15, 2002. Checks received through a lockbox or a dropbox can be converted to ACH transactions under this SEC Code.