ACH Operations ODFI Payment Networks 
Stax
APRIL 23, 2024
TL;DR Nearly 93% of Americans receive payments through direct deposit; Automated Clearing House makes it simpler for employers to manage funds without handing out physical checks or dealing with pesky extra fees. Many small businesses choose ACH operators because they are more convenient than most direct deposits.
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.
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