EBizCharge

SEPTEMBER 18, 2024

Here are the other ACH payment codes to know: ARC (Accounts Receivable Entry): ARC entries occur when a check mailed to the originator is converted into an ACH debit. IAT (International ACH Transaction): IAT entries are used for international ACH transactions. Large companies with AR departments commonly use this code.

ACH 52

ACH IAT ACH Network Direct Deposit 52

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).

ACH 52

ACH Returns RDFI ODFI 52

Payment Savvy

NOVEMBER 10, 2022

There’s the ODFI, which stands for Originating Depository Financial Institution, and there’s the RDFI, which stands for Receiving Depository Financial Institution. IAT – International ACH Transaction Entry. The originator receives the authorization via the Internet. . SHR – Shared Network Transaction.

SEC Codes 52

SEC Codes ACH ODFI Wire Transfer 52