ACH Operations ODFI Wire 
Stax
APRIL 23, 2024
Many small businesses choose ACH operators because they are more convenient than most direct deposits. ACH transfers don’t come with high fees and transactions and they’re easily edited if an employer wants to adjust payroll, extend bonuses, or reimburse an employee. Q: What’s the difference between ACH and direct deposit?
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. First of all, ACH payments are a lot cheaper than, for example, wire transfers.
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