In the banking sector, ANSI X12 EDI transactions facilitate various financial operations, such as payments, account statements, and remittance advice. Below is a list of key ANSI X12 EDI transactions used in banking, along with a step-by-step outline of their usage:
### Key ANSI X12 EDI Transactions in Banking:
1. 820 - Payment Order/Remittance Advice
2. 821 - Financial Information Reporting
3. 822 - Account Analysis
4. 823 - Lockbox
5. 824 - Application Advice
6. 828 - Debit Authorization
7. 829 - Payment Cancellation Request
8. 830 - Payment Cancellation Response
9. 835 - Health Care Claim Payment/Advice
10. 836 - Payment Cancellation Advice
11. 837 - Health Care Claim
12. 838 - Trading Partner Profile
13. 841 - Specifications/Technical Information
14. 842 - Nonconformance Report
15. 844 - Product Transfer Account Adjustment
16. 849 - Response to Product Transfer Account Adjustment
17. 850 - Purchase Order
18. 860 - Purchase Order Change Request - Buyer Initiated
19. 865 - Purchase Order Change Acknowledgment/Request - Seller Initiated
### Step-by-Step Outline of Their Usage:
#### 1. 820 - Payment Order/Remittance Advice
- Step 1: A company initiates a payment to a supplier or vendor.
- Step 2: The company's EDI system generates the 820 transaction, which includes payment details and remittance information.
- Step 3: The 820 transaction is sent to the bank.
- Step 4: The bank processes the payment and transfers the funds to the supplier's account.
- Step 5: The supplier receives the remittance advice, detailing the payment information.
#### 2. 821 - Financial Information Reporting
- Step 1: The bank collects financial information, such as account balances and transaction details.
- Step 2: The bank's EDI system generates the 821 transaction, summarizing the financial information.
- Step 3: The 821 transaction is sent to the company's EDI system.
- Step 4: The company processes the financial information for reconciliation and reporting purposes.
#### 3. 822 - Account Analysis
- Step 1: The bank analyzes the company's account activities, including service charges and fees.
- Step 2: The bank's EDI system generates the 822 transaction, detailing the account analysis results.
- Step 3: The 822 transaction is sent to the company's EDI system.
- Step 4: The company reviews the account analysis and verifies the charges.
#### 4. 823 - Lockbox
- Step 1: The company receives payments from customers and directs them to a lockbox service.
- Step 2: The bank processes the lockbox payments and deposits them into the company's account.
- Step 3: The bank's EDI system generates the 823 transaction, summarizing the lockbox deposits.
- Step 4: The 823 transaction is sent to the company's EDI system.
- Step 5: The company reconciles the lockbox deposits with its accounts receivable.
#### 5. 824 - Application Advice
- Step 1: The bank receives a transaction that requires acknowledgment or further action.
- Step 2: The bank's EDI system generates the 824 transaction, providing status or error information about the received transaction.
- Step 3: The 824 transaction is sent to the originating company.
- Step 4: The company reviews the application advice and takes necessary action based on the feedback.
#### 6. 828 - Debit Authorization
- Step 1: The company requests authorization to debit a customer's account.
- Step 2: The company's EDI system generates the 828 transaction, detailing the debit request.
- Step 3: The 828 transaction is sent to the bank.
- Step 4: The bank processes the debit request and either authorizes or denies it.
- Step 5: The bank's response is sent back to the company, confirming the authorization status.
#### 7. 829 - Payment Cancellation Request
- Step 1: The company requests to cancel a previously initiated payment.
- Step 2: The company's EDI system generates the 829 transaction, detailing the payment cancellation request.
- Step 3: The 829 transaction is sent to the bank.
- Step 4: The bank processes the cancellation request and halts the payment if possible.
#### 8. 830 - Payment Cancellation Response
- Step 1: The bank responds to a payment cancellation request.
- Step 2: The bank's EDI system generates the 830 transaction, detailing the response to the payment cancellation request.
- Step 3: The 830 transaction is sent to the company.
- Step 4: The company reviews the response and updates its records accordingly.
#### 9. 835 - Health Care Claim Payment/Advice
- Step 1: The insurance provider processes a health care claim.
- Step 2: The provider's EDI system generates the 835 transaction, detailing the payment and remittance advice.
- Step 3: The 835 transaction is sent to the health care provider.
- Step 4: The health care provider reconciles the payment with the submitted claims.
#### 10. 836 - Payment Cancellation Advice
- Step 1: The bank issues advice on a payment cancellation.
- Step 2: The bank's EDI system generates the 836 transaction, providing details of the cancellation.
- Step 3: The 836 transaction is sent to the company.
- Step 4: The company updates its records based on the cancellation advice.
#### 11. 837 - Health Care Claim
- Step 1: The health care provider submits a claim for services rendered.
- Step 2: The provider's EDI system generates the 837 transaction, detailing the claim information.
- Step 3: The 837 transaction is sent to the insurance provider.
- Step 4: The insurance provider processes the claim and issues payment.
#### 12. 838 - Trading Partner Profile
- Step 1: A company sets up or updates information about its trading partners.
- Step 2: The company's EDI system generates the 838 transaction, detailing the trading partner profile.
- Step 3: The 838 transaction is sent to the trading partner or third party.
- Step 4: The trading partner updates its records based on the profile information.
#### 13. 841 - Specifications/Technical Information
- Step 1: The company shares technical specifications or documentation with a partner.
- Step 2: The company's EDI system generates the 841 transaction, detailing the specifications.
- Step 3: The 841 transaction is sent to the partner.
- Step 4: The partner reviews and utilizes the technical information.
#### 14. 842 - Nonconformance Report
- Step 1: The company identifies a nonconformance issue.
- Step 2: The company's EDI system generates the 842 transaction, detailing the nonconformance.
- Step 3: The 842 transaction is sent to the relevant party.
- Step 4: The party addresses the nonconformance and takes corrective action.
#### 15. 844 - Product Transfer Account Adjustment
- Step 1: The company requests an adjustment for a product transfer.
- Step 2: The company's EDI system generates the 844 transaction, detailing the adjustment request.
- Step 3: The 844 transaction is sent to the partner.
- Step 4: The partner processes the adjustment and responds accordingly.
#### 16. 849 - Response to Product Transfer Account Adjustment
- Step 1: The partner responds to a product transfer adjustment request.
- Step 2: The partner's EDI system generates the 849 transaction, detailing the response.
- Step 3: The 849 transaction is sent to the company.
- Step 4: The company updates its records based on the response.
#### 17. 850 - Purchase Order
- Step 1: The company places an order for goods or services.
- Step 2: The company's EDI system generates the 850 transaction, detailing the purchase order.
- Step 3: The 850 transaction is sent to the supplier.
- Step 4: The supplier processes the order and prepares for fulfillment.
#### 18. 860 - Purchase Order Change Request - Buyer Initiated
- Step 1: The company requests changes to a previously submitted purchase order.
- Step 2: The company's EDI system generates the 860 transaction, detailing the change request.
- Step 3: The 860 transaction is sent to the supplier.
- Step 4: The supplier reviews and processes the change request.
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