Comments on: Standard Entry Class (SEC) Codes: TEL http://ach-consulting.com/2009/09/27/tel-telephone-initiated-entries/ De-mystifying the Automated Clearing House Tue, 03 Jan 2012 20:19:00 +0000 hourly 1 http://wordpress.com/ By: achguy http://ach-consulting.com/2009/09/27/tel-telephone-initiated-entries/#comment-153 Thu, 12 Nov 2009 16:16:12 +0000 http://ach-consulting.com/?p=245#comment-153 Great question Paul. I have to confess, Paul also e-mailed me separately with this same question and a couple of others and while I answered his e-mail, I forgot to come back here to provide an answer for the rest of us.

So, here goes. The short answer is No. TEL is designed for Single, One-time ACH Debits to Consumer Accounts. I know that there are a lot of folks out there that would benefit from expanding TEL to cover recurring transactions, but for the moment, it is just not an option. That being said, it is being discussed and there are a lot of industry folks in support of this.

It takes a long time for some ACH Rules changes to come to fruition, so I’ll keep an eye on things and let you know what happens.
ACHGuy

]]> By: Paul http://ach-consulting.com/2009/09/27/tel-telephone-initiated-entries/#comment-148 Mon, 02 Nov 2009 05:19:32 +0000 http://ach-consulting.com/?p=245#comment-148 Hi there.

Is there no way to set up a recurring payment for say, a subscription based product, over the telephone?

Thanks

]]> By: Brian http://ach-consulting.com/2009/09/27/tel-telephone-initiated-entries/#comment-141 Tue, 29 Sep 2009 17:37:11 +0000 http://ach-consulting.com/?p=245#comment-141 This is great. Keep up the good work!

Looking forward to the rest of SEC codes…

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