ACH Operator Enrollments IAT 
Payment Savvy
FEBRUARY 23, 2023
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?
Payment Savvy
NOVEMBER 10, 2022
ENR – Automated Enrollment Entry. IAT – International ACH Transaction 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.
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