Addressing and RDFI - Payments Space

ACH Reversals vs. ACH Returns: What’s the Difference?

EBizCharge

OCTOBER 17, 2023

When this happens, the Receiving Depository Financial Institution (RDFI) automatically initiates a return of the funds to the Originating Depository Financial Institution (ODFI). Review and ACH return initiation: The RDFI will evaluate the transaction and identify the specific issue before initiating the return. What is an ACH return?

ACH

ACH Returns RDFI ODFI

ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

Stax

JUNE 27, 2024

The utility company (the ODFI) passes the ACH files to the financial institution, which then sends a file with the payment request to the customer’s bank (the RDFI). Your bank sends the ACH files with the payment details based on the ACH instructions to the utility company (merchant).

Wire Transfer

Wire Transfer Wire Wires ACH

Will Same Day ACH Rollout Spark A Fraud Spike?

PYMNTS

SEPTEMBER 9, 2016

Of the 420-plus customers, Rojas said about 140 are currently using one of the company’s two ACH products, dubbed ACH-ODFI and ACH-RDFI. ODFI focuses on the origination of transactions, while RDFI concentrates on receiving transactions.

Same Day ACH

Same Day ACH ACH ODFI Faster Payments

ACH Reversals vs. ACH Returns: What’s the Difference?

ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

Will Same Day ACH Rollout Spark A Fraud Spike?

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