08/22/2021
(ASC X12) 107 Payment Method Code
TYPE=ID MIN=1 MAX=2
Code identifying type of payment procedures
Codes
| 1 | Graduated |
| 2 | Income Sensitive |
| 3 | Income Contingent |
| 4 | Level (Sum Constant) |
| 8 | Credit Account |
| A | Private Netting Agreement, Pay by Wire Transfer |
| B | Compensation by Balance |
| C | Pay By Check |
| D | Debited |
| E | Electronic Payment System |
| F | Freight Payment Bank |
| G | CCD (NACHA Cash Concentration/Disbursement – Funds Transacted without Remittance Information) |
| H | CCD+(NACHA Cash Concentration/Disbursement – Funds Transacted Plus an 80 Record Remittance Detail) |
| I | Invoiced Separately |
| J | CTX (NACHA Corporate Trade Exchange – Transaction Plus Remittance Detail in ANSI Standard Flexible Format) |
| K | Private Netting, Pay by Check |
| L | Letter of Credit |
| M | Deduction from Film Rental |
| N | Billing Account |
| O | CTP (NACHA Corporate Trade Payment – Transaction Plus Remittance Detail in Fixed Format) |
| P | Previously Charged |
| Q | Petroleum Clearinghouse Bank |
| R | Related Detail Account |
| S | Summary Account |
| T | Wire Transfer |
| U | Direct Pay to Others |
| V | Lock Box |
| W | Waived |
| X | In Kind Payment |
| Y | Credit |
| AA | Bank Draft |
| AB | Cash |
| AC | Credit Card |
| AD | Direct Deposit |
| AE | Money Order |
| AF | Special Account |
| AG | Travelers Check |
Appears in
| ACT | Account Identification |
| ASM | Amount and Settlement Method |
| C2 | Bank ID |
| G31 | Total Invoice Quantity |
| G76 | Total Purchase Order |
| ITD | Terms of Sale/Deferred Terms of Sale |
| MNC | Mortgage Note Characteristics |
| SAD | Student Award Detail |
| SER | Service Charges |
| SLI | Specific Loan Information |
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