What is a universal payment identification code?
Universal Payment Identification Code was developed by the Electronic Payments Network, the ACH business of The Clearing House Payments Co. L.L.C., a UPIC is a unique bank account identifier that allows companies to receive electronic payments without divulging their sensitive banking information. UPICs are for credits payments only and are portable from one institution to another.
Also referred to as a UPIC.« Back to Glossary Index