what do they mean in banking by ccd?
when setting up a ach account what is the option ccd plus co
- MohammadLv 78 years agoFavorite Answer
1. In ACH (Automated Clearing House) Payments, CCD+ means Cash Concentration and Disbursement Plus Addenda.
2. CCD+ (Cash Concentration And Disbursement Plus Addenda) is one of the primary message formats necessary for enterprise-initiated payments to traverse the U.S. national banks’ clearinghouse system. The format is limited to a single addendum record (one invoice, one payment), and many banks can process it.
.Source(s): . http://www.gartner.com/it-glossary/ccd-cash-concen... http://www.alabamapower.com/commercial/pdf/apc-ccd...