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What Does Return Mobile ACH Payment Mean?

Payment Savvy

FEBRUARY 23, 2023

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.

ACH 52
ACH Returns RDFI ODFI 52
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ACH SEC Codes

Payment Savvy

NOVEMBER 10, 2022

Every month, once the deadline for the payment comes, your insurer’s bank will create an ACH entry, requesting an agreed-upon amount of money to be taken from your account. The request is then sent to an ACH operator.

SEC Codes 52
SEC Codes ACH ODFI Wire Transfer 52
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