Brainscape's Knowledge GenomeTM


Top Flashcards (Certified)
All Flashcards

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

How many characters make up an ACH record?

A

94

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

How many ACH records make up an ACH block?

A

10

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Which record only uses 55 of the 94 characters allowed?

A

File Control Record

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What does the Addenda Record Indicator Do?

A

Tells you if there will be an Addenda Record

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
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.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Addenda Type Code
02

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Addenda Type Code
05

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Addenda Type Code
10-16

A

IAT Mandatory 7 Addenda Records

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Addenda Type Code
17

A

IAT Remittance information

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Addenda Type Code
18

A

IAT Correspondent Bank Info.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Addenda Type Code
98

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Addenda Type Code
99

A
  1. Return Entry.
  2. Dishonored Return.
  3. Contested Dishonored Return.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
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)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

ANSI ASC X12 Transaction Set
103

A

Abandoned property filings

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

ANSI ASC X12 Transaction Set
521

A

Income or Asset Offset

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

ANSI ASC X12 Transaction Set
813

A

Electronic Filing of Tax Return Data

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

ANSI ASC X12 Transaction Set
820

A

Payment order/Remittance Advice

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

ANSI ASC X12 Transaction Set
823

A

Lockbox

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

ANSI ASC X12 Transaction Set
835

A

Health Care Claim Payment/Advice

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

What are the Field Inclusion Requirements?

A
  1. Mandatory
  2. Required
  3. Optional
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

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

A

Mandatory

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

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

A

Required

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

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

A

Optional

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Designates the physical file characteristics and identifies the immediate origin and destination, plus identifying fields date and time.
File Header Record (1)
26
Contains dollar, entry and hash totals, the number of blocks and batches in the file.
File Control Record (9)
27
Identifies the originator and the purpose of the entry or entries, contains the routing number of the ODFI and intended effective date.
Batch Header Record (5)
28
Contains counts, Hash totals and total dollar controls for entries and addenda records contained in the batch.
Batch Control Record (8)
29
Service Class Code 200
Batch Contains both debit and credits
30
Service Class Code 220
Batch contains only credits
31
Service Class Code 225
Batch only contains debits
32
Service Class Code 280
ACH Automated Accounting Advices
33
Originator Status Code 0
ADV File prepared by the ACH Operator
34
Originator Status Code 1
Identifies originator as a depository financial institution
35
Originator Status Code 2
Identifies originator as a Federal Government Entity or Agency.
36
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.
Entry Detail Record (6)
37
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.
Addenda Records (7)
38
Optional Addenda Records
- ACK/ATX - CCD/PPD - CIE - CTX - WEB - IAT (max 5, only 2 for EDI)
39
Mandatory Addenda Records
- COR/REFUSED COR - DNE - ENR - POS/SHR/MTE - Returns, Dishonored, Contested. - TRX - IAT (7)
40
NOCs are "optional" for...
IAT Entries
41
When creating the NOC, the Company Batch Header Record - IAT Indicator must contain..
IATCOR
42
The addenda type code that defines the specific interpretation and format for the addenda information for a Notification of Change is...
98
43
The addenda type code that defines the specific interpretation and format for the addenda information for a Shared Network Transaction (SHR)
02
44
Defines the physical file characteristics and the immediate origin and the destination.
File Header Record
45
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.
Company/Batch Header Record
46
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.
Entry Detail Record
47
Contains the detail and addenda record counts, hash totals and dollar totals of the preceding detail entries within the batch.
Company/Batch Control Record
48
Summarizes the control totals from the batch controls within the file and also contains the number of blocks and batches within the file.
File Control Record
49
This is referred to record number One
File Header Record
50
This is referred to record number Five
Batch Header Record
51
This is referred to record number Six
Entry Detail Record
52
This is referred to record number Nine
File Control Record
53
Data Elements are separated by?
Delimiter = Asterisk *
54
Data Segments are separated by?
Terminator = Backslash / or Tilde ~
55
Return Reason Codes 80-85 are restricted for?
Gateway Use
56
Return Reason Codes 40-47 are restricted for?
Federal Government Use
57
Return Reason Codes 50-53 are restricted for?
RCK Use
58
Return Reason Codes 61-70 are restricted for?
ODFI Use
59
Return reason Codes 71-77 are restricted for?
RDFI Use
60
The Fedwire Funds service is a __________ system in which only the Originator's financial institution can remove funds from its Federal Reserve Account.
Credit/Push
61
The Fedwire Securities Service is a __________ system with regards to payments.
Debit/Pull

AAP Exam Study Cards (45 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions