EDI Transaction Set
EDI 103: Abandoned Property Filings
EDI 103 is the X12 Abandoned Property Filings transaction set, used within Electronic Data Interchange (EDI). This transaction set is used to report abandoned property filings information, such as uncashed checks or abandoned bank account balances, to government agencies and may be used by the government agencies to distribute information on abandoned property for publication to the general public. It may also be used to initiate an Electronic Funds Transfer (EFT) payment to transfer the value of the abandoned property to the government agencies.
What the 103 transaction set covers
Abandoned Property Filings This X12 Transaction Set contains the format and establishes the data contents of the Abandoned Property Filings Transaction Set (103) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set is used to report abandoned property filings information, such as uncashed checks or abandoned bank account balances, to government agencies and may be used by the government agencies to distribute information on abandoned property for publication to the general public. It may also be used to initiate an Electronic Funds Transfer (EFT) payment to transfer the value of the abandoned property to the government agencies.
How Interlink handles the 103
Interlink Commerce maps, transmits, and monitors the 103 for you as part of fully managed EDI — connected straight to your ERP or systems, certified against your retailer’s requirements, and billed only when you trade. Most suppliers go live within 30 days.