Stax

JUNE 23, 2025

The customer must give the originating bank or financial institution authorization to debit or credit their savings or checking account. Your bank (the ODFI) will collect all the transaction files you sent and forward them to an ACH operator. This will ensure payments are hassle-free for as long as they remain a customer.

ACH

Stax

APRIL 23, 2024

Many small businesses choose ACH operators because they are more convenient than most direct deposits. ACH transfers don’t come with high fees and transactions and they’re easily edited if an employer wants to adjust payroll, extend bonuses, or reimburse an employee. Q: What’s the difference between a check and ACH?

ACH

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? ACH Operator The ACH Operator links the two accounts by processing transactions (e.g.,

ACH

Payment Savvy

NOVEMBER 10, 2022

When it comes to an ACH transaction, there are two main participants. There’s the ODFI, which stands for Originating Depository Financial Institution, and there’s the RDFI, which stands for Receiving Depository Financial Institution. Different authorization types are signified by different Standard Entry Class (SEC) codes.

SEC Codes