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Defining Bank Transaction Codes. Transaction codes represent the various bank transactions you will use in the Accounts Payable and Accounts Receivable applications. You define transaction codes for types of payments, such as checks or bills of exchange, or for bank services, such as deposits or service charges.
NOTE: Check transaction funding varies by merchant and that information is provided during the initial application approval. Check customers may call us at 800-558-9558 to obtain this information. In some cases, a batch may be suspended. See Credit Card Batch is Delayed or Suspended for more information.