Purpose codes for Billing Request

bonus_payment

Transaction is the payment of a bonus.

cash_management_transfer

Transaction is a general cash management instruction.

card_bulk_clearing

A service that is settling money for a bulk of card transactions, while referring to a specific transaction file or other information like terminal ID, card acceptor ID or other transaction details.

credit_card_payment

Transaction is related to a payment of credit card.

trade_settlement_payment

Transaction is related to settlement of a trade, eg a foreign exchange deal or a securities transaction.

debit_card_payment

Transaction is related to a payment of debit card.

dividend

Transaction is the payment of dividends.

deliver_against_payment

Code used to pre-advise the account servicer of a forthcoming deliver against payment instruction.

epayment

Transaction is related to ePayment.

fee_collection_and_interest

Transaction is related to the payment of a fee and interest.

fee_collection

A service that is settling card transaction related fees between two parties.

person_to_person_payment

General Person-to-Person Payment. Debtor and Creditor are natural persons.

government_payment

Transaction is a payment to or from a government department.

hedging_transaction

Transaction is related to the payment of a hedging operation.

irrevocable_credit_card_payment

Transaction is reimbursement of credit card payment.

irrevocable_debit_card_payment

Transaction is reimbursement of debit card payment.

intra_company_payment

Transaction is an intra-company payment, ie, a payment between two companies belonging to the same group.

interest

Transaction is the payment of interest.

lockbox_transactions

Transaction is related to identify cash handling via Night Safe or Lockbox by bank or vendor on behalf of a physical store.

loan

Transaction is related to the transfer of a loan to a borrower.

commercial

Mobile P2B Payment

consumer

Mobile P2P Payment

other_payment

Other payment purpose.

pension_payment

Transaction is the payment of pension.

represented

Collection used to re-present previously reversed or returned direct debit transactions.

reimbursement_received_credit_transfer

Transaction is related to a reimbursement for commercial reasons of a correctly received credit transfer.

receive_against_payment

Code used to pre-advise the account servicer of a forthcoming receive against payment instruction.

salary_payment

Transaction is the payment of salaries.

securities

Transaction is the payment of securities.

social_security_benefit

Transaction is a social security benefit, ie payment made by a government to support individuals.

supplier_payment

Transaction is related to a payment to a supplier.

tax_payment

Transaction is the payment of taxes.

trade

Transaction is related to the payment of a trade finance transaction.

treasury_payment

Transaction is related to treasury operations. E.g. financial contract settlement.

value_added_tax_payment

Transaction is the payment of value added tax.

with_holding

Transaction is the payment of withholding tax.

cash_management_sweep_account

Classification: Cash Management. Transaction relates to a cash management instruction, requesting a sweep of the account of the Debtor above an agreed floor amount, up to a target or zero balance. The purpose is to move the funds from multiple accounts to a single bank account. Funds can move domestically or across border and more than one bank can be used.

cash_management_top_account

Classification: Cash Management. Transaction relates to a cash management instruction, requesting to top the account of the Creditor above a certain floor amount, up to a target or zero balance. The floor amount, if not pre-agreed by the parties involved, may be specified.

cash_management_zero_balance_account

Transaction relates to a cash management instruction, requesting to zero balance the account of the Debtor. Zero Balance Accounts empty or fill the balances in accounts at the same bank, in the same country into or out of a main account each day.

crossborder_mi_payments

Transaction to be processed as a domestic payment instruction originated from a foreign bank.

foreign_currency_domestic_transfer

Foreign Currency Transaction that is processed between two domestic financial institutions.

cash_in_pre_credit

Transaction is a direct debit for a cash order of notes and/or coins.

cash_out_notes_coins

Transaction is a direct debit for a cash order of notes and/or coins.

carrier_guarded_wholesale_valuables

Transaction is a payment towards a Party for the collection of cash by the Cash in Transit company.

mortgage

Mortgage Payments

utility

Utility Payments

loan

Loan Payments

dependant_support

Dependant Support Payments

gambling

Gambling Payments

retail

Retail Payments

salary

Salary Payments

personal

Personal Payment

government

Government Payments

pension

Pension Payments

tax

Tax Payments

other

Other Service Payments