Settlement

Parts of the Merchant Account - Settlement

File Creation Number

Last transaction number assigned to the EFT file. This number must be unique to each file submitted, otherwise the file will be rejected by the financial institution.

 

File Creation Number Requirements:

• This number must begin at 0001 for all new accounts. This implies, leave the field empty when the merchant account is created or when you're ready to do your first EFT File creation.
• If a file creation number is skipped for any reason, your bank may reject the entire EFT file from processing.
• A file creation number can never be repeated.
• When the file creation number gets to 9999, the next number will be 0001. (I know, this breaks the rule above, but as we know, all rules are meant to be broken in special situations)