IAT, RDFI and Returns - Payments Space

What Does Return Mobile ACH Payment Mean?

Payment Savvy

FEBRUARY 23, 2023

Some of the most common ACH return codes are caused by incorrectly entered information or insufficient funds available, while others can be more complicated and include issues with authorization and more. What Are ACH returns? An ACH return means that the ACH failed to charge money from a customer’s account.

ACH

ACH Returns RDFI ODFI

ACH SEC Codes

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. To put it simply, the ODFIs are the financial institutions that send the transaction, while RDFIs are the institutions that receive it.

SEC Codes

SEC Codes ACH ODFI Wire Transfer

Payments Space

What Does Return Mobile ACH Payment Mean?

ACH SEC Codes

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