PYEF - TAPE04

Electronic Fund Transfer (EFT) Debit Record Processing
Note-Only define the TAPE04 code if debit transaction is to be generated. Otherwise, delete any existing TAPE04 entry if no debit transaction is to be included.
Code Category: PYEF
Code Value: TAPE04
Short Description: Used to describe the common code.
Medium Description: Used to describe the common code.
Long Description: Used to describe the common code.
Associated Numeric Values
1-5: Reserved for future use.
Associated Codes
1-5: Reserved for future use.
Associated Descriptions
1: The first 8 characters contain the Bank Identification number. The ninth character contains the Routing Code.
2: The first 17 characters contain the Bank Account number. For sites that use different account numbers depending on particular payroll runs, entering "CKID" here directs the system to look up the CKID common code based on the check stock found in history. Note- Description 5 in the CKID common code should hold the account # used for that check stock. Note also, multiple check stocks should not be in history for EFT checks in a given period for this feature to function properly.
3: The first 15 characters contain the Employer's Identification number.
4: The first 22 characters contain the Employer's name.
5: Set this to "C" (in uppercase) if this is a checking account. Set this to "S" (in uppercase) if this is a savings account.