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What Does Return Mobile ACH Payment Mean?

Payment Savvy

It receives the ACH entry and submits it to the Receiver. Receiver The receiver is the individual or company that allows the Originator to initiate an ACH entry. If there is a problem with the payment processing, it is usually the RDFI that sends an ACH return message.

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ACH SEC Codes

Payment Savvy

The ACH network (Automated Clearing House network) allows banks to work with each other without the need to have their own network. Instead, they are under the jurisdiction of NACHA (The National Automated Clearing House Association), which establishes the rules and regulations that all the institutions that are part of the network follow.