What does CKCD mean?

What does CKCD mean?

CKCD Meaning

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What is d/c settlement mean?

A DC Settlement is the Debit/Credit settlement. Here’s how a signature (not PIN-based) debit or credit card transaction actually works under the covers; it’s a two step process: Step 1: You (or the merchant) swipes the card in a card reader.

What does D mean on a bank statement HSBC?

Direct Debit
BACS – Previously known as Bankers’ Automated Clearing Services, this is the system which businesses use to pay wages directly into an employee’s account. CHQ – Cheque. CR – Credit. DD – Direct Debit. DR – Debit.

What is CCD payment?

The term “CCD”, when used in banking, refers to cash concentration and disbursement for corporate credits and debits. CCD is a type of Automated Clearing House electronic payment format that provides rapid, secure transfers for which funds clear overnight through the ACH network.

What does Auth mean on a bank statement?

Authorization hold (also card authorization, preauthorization, or preauth) is a service offered by credit and debit card providers whereby the provider puts a hold of the amount approved by the cardholder, reducing the balance of available funds until the merchant clears the transaction (also called settlement), after …

What does DC stand for in banking?

Sounds like you are looking at account transactions – BP = Bill Payment, CR = Credit, DC = Direct Credit.

What does DC mean on a check?

DC meaning stands for Dex Check.

What does CR mean in banking?

Credit
CR refers to Credit. With a credit card, if you receive a refund from a merchant, it is posted to your account with the symbol CR. A CR next to an account balance indicates that there is a credit balance on the account.

What is a CCD used for?

Stands for “Charged Coupled Device.” CCDs are sensors used in digital cameras and video cameras to record still and moving images. The CCD captures light and converts it to digital data that is recorded by the camera.

What is full form of CCD?

Charge-coupled device, an electronic light sensor used in various devices including digital cameras.

What does Auth only mean?

Authorization only is a type of payment card transaction that holds funds from a cardholder’s account for settlement at a later date. Authorization only, or auth only, transactions typically expire approximately seven days after the transaction is authorized.

What is auth transaction?

An authorized transaction is a debit or credit card purchase for which the merchant has received approval from the bank that issued the customer’s payment card. Authorized transactions are a component of the electronic payment process.