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Unified Grocers 820 EFT Specifications Remittance Advice Document Structure LEVEL Envelope HeaderSEGMENT NAME Max Sloop IDISAInterchange HeaderM1GSGroup HeaderM1STTransaction Set HeaderM1Beginning
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Review the instructions provided by the organization or system requesting the 820 eft specifications.
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Gather all the necessary information and documentation required for the specifications.
03
Start by entering the basic details such as the date, name of the organization, and contact information.
04
Fill in the specific details related to the electronic funds transfer, such as the account numbers, routing numbers, and transaction amounts.
05
Provide any additional information related to the transaction, such as the purpose or reference number.
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Sign and submit the completed 820 eft specifications according to the instructions provided.

Who needs 820 eft specifications:

01
Organizations or businesses that engage in electronic funds transfers as a regular part of their operations.
02
Financial institutions and banks that facilitate electronic funds transfers for their customers.
03
Government agencies or entities that require the use of standardized specifications for electronic funds transfers.
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820 eft specifications refer to the electronic funds transfer (EFT) specifications outlined in the ANSI X12 820 transaction set. It provides a standardized format for the electronic exchange of payment and remittance information between trading partners.
Entities engaged in electronic funds transfers and involved in payment and remittance processing, such as financial institutions, payment processors, and businesses that send or receive electronic payments, may be required to file 820 eft specifications.
To fill out 820 eft specifications, you need to follow the guidelines provided in the ANSI X12 820 transaction set documentation. This includes including the necessary payment and remittance information, such as the sender and recipient details, payment amount, invoice numbers, and any additional information required by the recipient.
The purpose of 820 eft specifications is to standardize the electronic exchange of payment and remittance information between trading partners. It helps streamline the payment and remittance process, reduce errors, and improve efficiency in the financial transactions.
The specific information that must be reported on 820 eft specifications may vary depending on the requirements of the trading partners and industry standards. However, commonly reported information includes sender and recipient details, payment amount, invoice numbers, payment dates, and any additional information necessary for the payment and remittance processing.
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