What is the Standard Entry Class Code for a Point-of-Purchase Entry?

The Standard Entry Class (SEC) Code for a Point-of-Purchase entry is indeed "POP." This code is specifically used for transactions where a consumer initiates a debit against their account at a point-of-sale, typically involving a check conversion process.

In a Point-of-Purchase scenario, the transaction occurs at the merchant's location, allowing for instantaneous access to the consumer's account information at the time of sale. The use of the POP code helps facilitate these types of transactions, distinguishing them from other transaction types that may have different processing requirements.

The other SEC codes serve different functions: for example, WEB refers to transactions made via the internet, RCK is for return of checks, and CCD is intended for corporate credit or debit transactions. Each code has a specific application, which is why recognizing the POP code as the identifier for point-of-purchase entries is crucial for accurate processing and compliance in ACH transactions.