Where is the Transaction Code for the EFT Payment Defined?

The EFT file contains a Transaction Code for each payment. Where is this defined?

The 3 digit transaction code is set within the Merchant Account information.

You're able to choose from a list of acceptable codes determined by the financial instutation.

The Memo field ranges between 10 to 15 characters in length depending on your merchant provider definition of this field. It is additional information you can use to identify the payment. This information will be printed on the patron’s account statement. It is meant to be generic in nature and not specific to a patron.