IAT MINIMUM DESCRIPTION STANDARDS

							IAT MODIFICATION

MINIMUM DESCRIPTION STANDARDS

IMPLEMENTATION DATE: September 21, 2012

SUMMARY

The minimum description standards for IAT entries were modified to clarify certain fields that need to
be included on the consumer’s bank statement when certain types of payment information is included
in an IAT Entry. When an IAT entry includes information related to terminal city, terminal state, terminal
identification code/location, and check serial number, it must be printed on the statement. The RDFI
must examine the secondary SEC Code field within the IAT transaction for SEC Codes that require
terminal data and check serial numbers (ARC, BOC, MTE, POP, POS, RCK, SHR). When these values exist,
the required data can be obtained from the remittance information within the IAT Entry.