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. Q: What are the main elements of a typical ACH transfer?

ACH 88

ACH API Payment APIs and Integration ACH Network 88

Stax

APRIL 23, 2024

ACH payments are a convenient way for business owners, individuals, and employers to use intuitive automated banking throughout their daily lives. Most small business owners and employers are turning to ACH payments instead paper check payments because of the ease and instant access the ACH network provides.

ACH 88

ACH Direct Deposit ACH Network Wire Transfer 88

Payment Savvy

FEBRUARY 23, 2023

There are five parties involved in making the payment processing go through: Originator This is a person who submits an ACH transfer to the ODFI. Originating Depository Financial Institution (ODFI) The ODFI receives the request from the Originator and passes it to the ACH Operator. Why Do ACH Returns Happen?

ACH 52

ACH Returns RDFI ODFI 52

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. There is a number of situations in which ACH payments are used.

SEC Codes 52

SEC Codes ACH ODFI Wire Transfer 52