UPIC - Universal Payment Identification Code
Can UPICs be used to originate wire payments? Today, UPICs can only be used for ACH credit payments. Will the UPIC work in conjunction with my bank’s routing and transit number? No. The UPIC is used in conjunction only with the universal routing number. What effort does it take to implement UPICs? Where do I get them? Implementing UPICs is easy. ................
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