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What Does Return Mobile ACH Payment Mean?

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Originating Depository Financial Institution (ODFI) The ODFI receives the request from the Originator and passes it to the ACH Operator. ACH Operator The ACH Operator links the two accounts by processing transactions (e.g., It receives the ACH entry and submits it to the Receiver.

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ACH SEC Codes

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CCD/CCD+ – Corporate Credit or Debit Entry. PPD/PPD+ – Prearranged Payment and Deposit Entry. IAT – International ACH Transaction Entry. CTX – Corporate Trade Exchange Entry. RCK – Re-presented Check Entry. POP – Point-of-Purchase Entry.