How many characters of payment related information are allowed for in the Addenda Record of CCD and CTX transactions?

How many characters of payment related information are allowed for in the Addenda Record of CCD and CTX transactions?

• A. 100 characters
• B. 80 characters
• C. 120 characters
• D. 60 characters

Answer: (B)

The Addenda Record for both CCD (Cash Concentration or Disbursement) and CTX (Corporate Trade Exchange) transactions allows a maximum of 80 characters of payment-related information. This limit is stipulated by the NACHA Operating Rules, which govern the ACH network and establish standards for transaction data. The 80-character limit enables sufficient space for payment instructions or additional details, such as invoice numbers and payment reference information, while maintaining efficient data handling across the ACH system. Each Addenda Record is specifically designed to accompany a primary transaction and provides additional context or details that may be necessary for the recipient to adequately process the payment. Understanding the character limitations for these records is crucial for ensuring compliance and proper formatting within the ACH network.

The Addenda Record for both CCD (Cash Concentration or Disbursement) and CTX (Corporate Trade Exchange) transactions allows a maximum of 80 characters of payment-related information. This limit is stipulated by the NACHA Operating Rules, which govern the ACH network and establish standards for transaction data. The 80-character limit enables sufficient space for payment instructions or additional details, such as invoice numbers and payment reference information, while maintaining efficient data handling across the ACH system.

Each Addenda Record is specifically designed to accompany a primary transaction and provides additional context or details that may be necessary for the recipient to adequately process the payment. Understanding the character limitations for these records is crucial for ensuring compliance and proper formatting within the ACH network.