EBizCharge

JULY 16, 2024

Under NACHA’s stewardship, the ACH network processes various payments, including direct payments for payroll, social security benefits, tax refunds, and more. This includes both Originating Depository Financial Institutions (ODFIs) and Receiving Depository Financial Institutions (RDFIs).

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

Stax

APRIL 23, 2024

Learn More Understanding ACH Deposits Small business owners often opt for ACH payments to handle billing and tax refunds in order to streamline processes for transferring money, paying bills, and automatically organizing finances. This institution delivers the Automated Clearing House entries to the ACH operator.

ACH 88

ACH Direct Deposit ACH Network Wire Transfer 88

EBizCharge

OCTOBER 17, 2023

government to send payments such as tax refunds, Social Security benefits, and other government assistance programs. When this happens, the Receiving Depository Financial Institution (RDFI) automatically initiates a return of the funds to the Originating Depository Financial Institution (ODFI).

ACH 52

ACH Returns RDFI ODFI 52