The PPD Standard Entry Class Code is used for credits and debits involving consumer accounts based on a standing authorization.  There are two many ways PPD is used:

 

Direct Deposit - Direct Deposit is a credit program that transfers funds into a consumer's account at the Receiving Depository Financial Institution. The amount deposited can be from a variety of products, such as payroll, interest, pension, dividends, etc.

 

Pre-Authorized Bill Payment - Preauthorized payment is a debit program enabling companies with billing operations to collect funds from consumers thorough the electronic transfer of bill payment entries. For example, monthly payments of household utility bills can be collected through a PPD.

 

The mappings for required fields to use PPD are:

•Name as Name

•Amount as Amount or Amount_Reverse_Sign (use Amount if amounts are being paid out and are negative OR are being collected and are positive, otherwise Amount_Reverse_Sign)

•Account number as Bank_Account_Number

•Routing Number as ABA_Routing_Number

 

PPD+ is simply a PPD transaction that includes an addenda record.  An addenda includes additional information about the transaction, but is not required for ACH processing.  This can include identification numbers, region codes, or anything considered necessary on the Receiver's end.