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AAP Exam Study Cards > Technical Standards and Formats > Flashcards

Technical Standards and Formats Flashcards

1
Q

In which record can the data elements change based on SEC code?

A

Entry Detail Record

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2
Q

How many characters make up an ACH record?

A

94

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3
Q

How many ACH records make up an ACH block?

A

10

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4
Q

Which record only uses 55 of the 94 characters allowed?

A

File Control Record

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5
Q

What does the Addenda Record Indicator Do?

A

Tells you if there will be an Addenda Record

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6
Q

What does the Addenda Type Code do?

A

Defines the specific explanation and format for the addenda information contained in the same record.

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7
Q

Addenda Type Code
02

A

point of sale entry (POS)
shared network transaction (SHR)
machine transfer entry (MTE)

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8
Q

Addenda Type Code
05

A

Addenda Record applies to…
ACK, ATX, CCD, CIE, CTX, DNE, ENR, PPD, TRX, and WEB entries

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9
Q

Addenda Type Code
10-16

A

IAT Mandatory 7 Addenda Records

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10
Q

Addenda Type Code
17

A

IAT Remittance information

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11
Q

Addenda Type Code
18

A

IAT Correspondent Bank Info.

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12
Q

Addenda Type Code
98

A

Notification of Change/ NOC (COR) and refused NOC (COR)

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13
Q

Addenda Type Code
99

A
  1. Return Entry.
  2. Dishonored Return.
  3. Contested Dishonored Return.
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14
Q

The electronic transfer of payments, payment-related information or other financial documents in a standardized format between business partners.

A

Financial Electronic Data Interchange (FEDI)

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15
Q

ANSI ASC X12 Transaction Set
103

A

Abandoned property filings

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16
Q

ANSI ASC X12 Transaction Set
521

A

Income or Asset Offset

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17
Q

ANSI ASC X12 Transaction Set
813

A

Electronic Filing of Tax Return Data

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18
Q

ANSI ASC X12 Transaction Set
820

A

Payment order/Remittance Advice

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19
Q

ANSI ASC X12 Transaction Set
823

A

Lockbox

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20
Q

ANSI ASC X12 Transaction Set
835

A

Health Care Claim Payment/Advice

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21
Q

What are the Field Inclusion Requirements?

A
  1. Mandatory
  2. Required
  3. Optional
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22
Q

Omission of this field will cause the File, Batch, or Entry to be rejected by the ACH Operator.

A

Mandatory

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23
Q

Omission of this field may cause the Entry to reject at the RDFI.

A

Required

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24
Q

Inclusion of data in this field is at the discretion of the ODFI and the Originator

A

Optional

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25
Q

Designates the physical file characteristics and identifies the immediate origin and destination, plus identifying fields date and time.

A

File Header Record (1)

26
Q

Contains dollar, entry and hash totals, the number of blocks and batches in the file.

A

File Control Record (9)

27
Q

Identifies the originator and the purpose of the entry or entries, contains the routing number of the ODFI and intended effective date.

A

Batch Header Record (5)

28
Q

Contains counts, Hash totals and total dollar controls for entries and addenda records contained in the batch.

A

Batch Control Record (8)

29
Q

Service Class Code
200

A

Batch Contains both debit and credits

30
Q

Service Class Code
220

A

Batch contains only credits

31
Q

Service Class Code
225

A

Batch only contains debits

32
Q

Service Class Code
280

A

ACH Automated Accounting Advices

33
Q

Originator Status Code
0

A

ADV File prepared by the ACH Operator

34
Q

Originator Status Code
1

A

Identifies originator as a depository financial institution

35
Q

Originator Status Code
2

A

Identifies originator as a Federal Government Entity or Agency.

36
Q

Contains the information to relate the entry to the receiver; i.e., Account Number, Dollar Amount, Transaction Code that identifies weather entry is a debit or credit and to what type of account. Each entry has a trace number that identifies the ODFI and a unique sequence number.

A

Entry Detail Record (6)

37
Q

Originators can use these to supply additional information about entry detail records that will pass from the ODFI through the ACH Operator to the RDFI.

A

Addenda Records (7)

38
Q

Optional Addenda Records

A
  • ACK/ATX
  • CCD/PPD
  • CIE
  • CTX
  • WEB
  • IAT (max 5, only 2 for EDI)
39
Q

Mandatory Addenda Records

A
  • COR/REFUSED COR
  • DNE
  • ENR
  • POS/SHR/MTE
  • Returns, Dishonored, Contested.
  • TRX
  • IAT (7)
40
Q

NOCs are “optional” for…

A

IAT Entries

41
Q

When creating the NOC, the Company Batch Header Record - IAT Indicator must contain..

A

IATCOR

42
Q

The addenda type code that defines the specific interpretation and format for the addenda information for a Notification of Change is…

A

98

43
Q

The addenda type code that defines the specific interpretation and format for the addenda information for a Shared Network Transaction (SHR)

A

02

44
Q

Defines the physical file characteristics and the immediate origin and the destination.

A

File Header Record

45
Q

Identifies the Originator and briefly describes the purpose of the entry; also contained is the routing number of the ODFI used for settlement. The data contained on this record applies to all entry detail records in thebatch.

A

Company/Batch Header Record

46
Q

Contains the information necessary to relate the entry to a Receiver, i.e., account number, routing number of the RDFI, Receiver’s name and identification number, dollar amount and Receiver’s account type.

A

Entry Detail Record

47
Q

Contains the detail and addenda record counts, hash totals and dollar totals of the preceding detail entries within the batch.

A

Company/Batch Control Record

48
Q

Summarizes the control totals from the batch controls within the file and also contains the number of blocks and batches within the file.

A

File Control Record

49
Q

This is referred to record number One

A

File Header Record

50
Q

This is referred to record number Five

A

Batch Header Record

51
Q

This is referred to record number Six

A

Entry Detail Record

52
Q

This is referred to record number Nine

A

File Control Record

53
Q

Data Elements are separated by?

A

Delimiter = Asterisk *

54
Q

Data Segments are separated by?

A

Terminator = Backslash / or Tilde ~

55
Q

Return Reason Codes 80-85 are restricted for?

A

Gateway Use

56
Q

Return Reason Codes 40-47 are restricted for?

A

Federal Government Use

57
Q

Return Reason Codes 50-53 are restricted for?

A

RCK Use

58
Q

Return Reason Codes 61-70 are restricted for?

A

ODFI Use

59
Q

Return reason Codes 71-77 are restricted for?

A

RDFI Use

60
Q

The Fedwire Funds service is a __________ system in which only the Originator’s financial institution can remove funds from its Federal Reserve Account.

A

Credit/Push

61
Q

The Fedwire Securities Service is a __________ system with regards to payments.

A

Debit/Pull

AAP Exam Study Cards (45 decks)

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