Debit Transaction ODFI Processors 
Nanonets
MARCH 21, 2023
Each transfer is sent as a message within a batch of outgoing requests by the bank making the request (known as the originating depository financial institution, or ODFI). Day 1, 10:00 PM: The processor works in conjunction with your bank (the ODFI) to submit a file to the ACH network. Book a 30-min live demo now.
EBizCharge
JULY 16, 2024
Authorization requirements Before initiating ACH debit transactions, NACHA requires that entities obtain explicit, written authorization from the customer. Authorization documents must be retained and made available upon request, serving as proof of compliance and legitimizing the transaction. How often are NACHA rules updated?
Expert insights. Personalized for you.
52 
Let's personalize your content