Transferring Money

Authorizing Money Transfers

POP entry:** An ACH debit entry initiated by an Originator pursuant to (1) a single entry authorization, and (2) a source document as set forth in subsection 3.7.1 (Source Documents), provided to the Originator by the Receiver at the point-of-purchase to effect a transfer of funds from a Consumer Account of the Receiver. This type of entry may only be used for non-recurring, in-person (i.e., at the point-of-purchase) entries for which there is no standing authorization with the Originator for the origination of ACH entries to the Receiver's account. POP is a Standard Entry Class Code.

 

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