ACH Entry ACH Operations ODFI 
Payment Savvy
FEBRUARY 23, 2023
There are five parties involved in making the payment processing go through: Originator This is a person who submits an ACH transfer to the ODFI. Originating Depository Financial Institution (ODFI) The ODFI receives the request from the Originator and passes it to the ACH Operator.
Payment Savvy
NOVEMBER 10, 2022
When it comes to an ACH transaction, there are two main participants. There’s the ODFI, which stands for Originating Depository Financial Institution, and there’s the RDFI, which stands for Receiving Depository Financial Institution. Using the wrong SEC code can also result in an ACH return.
Expert insights. Personalized for you.
52 
Let's personalize your content