MethodOfPayment

Title
Method of Payment Code List

Description
A code list identifying the means by which the payment was/will be made and type of account being credited or debited in the EFT transaction. (e.g. for premium payment, a credit card may be charged, and for a claim payment, a checking account may be credited.)

Definition
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Codes
ValueDescription
AMEXAmerican Express
CASHCash
CDCertificate of Deposit
CHECKCheck
CreditCardCredit Card
DebitCardDebit Card
DINERDiner's Club Card
DISCVDiscover
EFTElectronic Funds Transfer
EFTCElectronic Funds Transfer (EFT) / Checking Account
EFTSElectronic Funds Transfer (EFT) / Savings Account
MASTRMaster Card
MoneyOrderMoney Order
OTOther
PAYDDPayroll Deduction
DRAFTPre-Authorization Draft
PACPre-Authorized Draft/Check
BONDSurety Bond
VERBCVerbal Check
VISAVisa