IAT Participant Settlement 
Payment Savvy
FEBRUARY 23, 2023
clearing, delivery, settlement). Originating Depository Financial Institution (ODFI) The ODFI receives the request from the Originator and passes it to the ACH Operator. ACH Operator The ACH Operator links the two accounts by processing transactions (e.g., It receives the ACH entry and submits it to the Receiver.
Payment Savvy
NOVEMBER 10, 2022
When it comes to an ACH transaction, there are two main participants. IAT – International ACH Transaction Entry. They are a third party that manages the requests and settlement of ACH transactions between different institutions that are part of the ACH network. CCD/CCD+ – Corporate Credit or Debit Entry.
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