Debit Transaction ODFI SEC Codes 
Payment Savvy
NOVEMBER 10, 2022
However, we want to help you get a better understanding of certain terms – and that’s what we will do in this article with SEC codes. Below, you will find all the information you might need about ACH transactions, in which those codes are used, as well as what they are, and share with you some real life examples. .
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?
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