34 Tex. Admin. Code § 15.3 - Definitions
The following words and terms, when used in this chapter, shall have the following meanings, unless the context clearly indicates otherwise.
(1) Access code--A unique
and confidential series of numbers assigned to a person by TexNet that allows
the person to communicate payment information to the TexNet data collection
system.
(2) ACH (Automated Clearing
House)--A central distribution and settlement point for the electronic clearing
of debits and credits between financial institutions subject to regulation
under rules of an automated clearinghouse association and applicable regulatory
law.
(3) ACH credit with addenda
record(s)--An ACH transaction in CCD+ or CTX format which is initiated by the
person to make an EFT payment.
(4)
ACH debit/direct entry--An ACH transaction initiated by the comptroller using
payment information entered directly into the TexNet data collection system by
the person to make an EFT payment.
(5) ACH debit/indirect entry--An ACH
transaction to make an EFT payment that is initiated by the comptroller, which
is based upon payment information entered into the TexNet payment processing
system by the person's state agency in a specified manner approved by the
comptroller.
(6) ACH
transaction--An electronic transaction which is cleared through the
ACH.
(7) Addenda record--A separate
record transmitted with an ACH credit which contains payment information in the
approved State of Texas addenda record format.
(8) Banking holiday--Any holiday observed by
the Federal Reserve Bank of Dallas and its member institutions.
(9) Business day--Any day when financial
transactions are processed through the banking system; normally not a Saturday,
Sunday, or a banking holiday.
(10)
Categories of payments--Those types of payments to a state agency that may
trigger a requirement to transfer payment electronically under Government Code,
§
404.095, as set out
in §
15.4 of this title (relating to
Applicable Payment Categories and Voluntary Payments).
(11) CCD+ format (cash concentration or
disbursement with one addenda record)--A standard ACH transaction format which
includes one addenda record.
(12)
Comptroller--The Comptroller of Public Accounts and its successors.
(13) Comptroller's bank--A financial
institution, which is a member of the Federal Reserve System, that the
comptroller has contracted with to originate ACH debits or receive ACH
credits.
(14) CTX format (corporate
trade exchange format)--A standard ACH transaction format which includes up to
9,999 addenda records.
(15) Due
date--Date on which a payment to a state agency by a person is due. If the due
date is a Saturday, Sunday, or a banking holiday, the next business day shall
be the due date.
(16) Electronic
Funds Transfer (EFT)--A transfer of funds, other than a transaction originated
by check, draft, warrant or similar paper instrument, which is initiated
through an electronic terminal, or computer so as to order, instruct, or
authorize a financial institution to debit or credit an account in accordance
with this chapter.
(17) Payment
information--The specific information required by the state agency from a
person making an EFT payment to ensure accurate credit of the
payment.
(18) Payor identification
number--A unique number assigned by a state agency to a person who makes
payments to that state agency.
(19)
Person--A payor, including, but not limited to an individual, corporation,
partnership, association, legal representative, trustee in bankruptcy,
receiver, municipality, county, district, or political subdivision, who makes
payments to a state agency in any of the separate categories of payments listed
in Government Code, §
404.095.
(20) Person's bank--The financial institution
at which the person maintains an account from which electronic transactions
will occur.
(21) Recurring
surcharges--A recurring surcharge that is considered a separate category of
payment under the category of other payments to a state agency, as set out in
§
15.4 of this title.
(22) Settlement date--The business day on
which funds are electronically transferred from the person's bank account to
the appropriate account at the comptroller's bank.
(23) State agency--Any agency of the state
that during the preceding state fiscal year collected or received more than $50
million in fees, fines, penalties, taxes, charges, gifts, grants, donations,
and other funds, excluding federal grants and interest and dividend income. A
list of state agencies that typically collect or receive more than $50 million
in a state fiscal year is set out in §
15.1 of this title (relating to
Applicability and Additional Information).
(24) State fiscal year--The twelve month
period beginning on September 1 of each year and ending on August 31 of the
following calendar year.
(25)
TexNet--The State of Texas Financial Network. TexNet is the exclusive system
designed and maintained by the comptroller to facilitate and process the
electronic transfer of funds from a person making certain EFT payments to a
state agency under Government Code, §
404.095.
(26) TexNet data collection system--The
system designed and maintained by the comptroller to collect payment data to
initiate an EFT payment under Government Code, §
404.095.
(27) TexNet payment processing system--The
system designed and maintained by the comptroller to process payment data to
facilitate the electronic transfer of funds and related information.
(28) Trace number--A number provided to a
person by the TexNet data collection system upon receipt of all payment
information that uniquely identifies the completed communication.
(29) Wire transfer--An unconditional order to
a bank to pay a fixed or determinable amount of money to a beneficiary upon
receipt or on a day stated in the order that is transmitted by electronic
means. Wire transfer is not an approved means of electronic fund transfer as
set out in §
15.2 of this title (relating to
Approved Means of Electronic Funds Transfer), but may be used as permitted by
§
15.41 of this title (relating to
Missed Payment Deadline Procedures).
Notes
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