Disputes ODFI SEC Codes 
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. clearing, delivery, settlement).
EBizCharge
JULY 16, 2024
These requirements can protect consumers by confirming their consent, prevent errors, and reduce the likelihood of disputed transactions. Each SEC code has its defined usage, ensuring the correct handling of electronic transactions and aiding in fraud detection. How does NACHA handle ACH transaction disputes?
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