Remove ACH Operations Remove ACH Operator Remove Enrollments
article thumbnail

What Does Return Mobile ACH Payment Mean?

Payment Savvy

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. Why Do ACH Returns Happen?

ACH 52
article thumbnail

ACH SEC Codes

Payment Savvy

ENR – Automated Enrollment Entry. 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. DNE – Death Notification Entry *.