ACH Operations Document IAT 
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?
Payment Savvy
NOVEMBER 10, 2022
IAT – International ACH Transaction Entry. 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.
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