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What Does Return Mobile ACH Payment Mean?

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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.

ACH
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ACH SEC Codes

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This type of single entry debit entries is initiated based on written authorization, as well as account information such as the consumer’s routing number or account number, which is taken from a source document, or simply a check. The request is then sent to an ACH operator.