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ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

Stax

billion in 2022 and estimated it to reach $510.30 ODFI submits ACH file – The originator’s bank or payment processor, also known as the originating depository financial institution (ODFI) submits the ACH entry containing the payment details. Brainy Insights valued the digital payments market at $102.60 billion in 2032.

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ACH Reversals vs. ACH Returns: What’s the Difference?

EBizCharge

In 2022 alone, the Automated Clearing House (ACH) Network processed over 30 billion transactions , totaling more than $76 trillion. When this happens, the Receiving Depository Financial Institution (RDFI) automatically initiates a return of the funds to the Originating Depository Financial Institution (ODFI). How do ACH returns work?

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