Remove ACH Remove ODFI Remove Participant
article thumbnail

How to Stay Compliant with NACHA Requirements

EBizCharge

The National Automated Clearing House Association (NACHA) governs the operation of the Automated Clearing House (ACH) network , a centralized system financial institutions use to facilitate electronic payments and transactions across the U.S. It also manages direct deposits, which can encompass forms of government and business disbursements.

NACHA 52
article thumbnail

What Does Return Mobile ACH Payment Mean?

Payment Savvy

If you are using the Automated Clearing House (ACH) method to process customers’ transactions, you are likely to see three-digit codes if a problem arises. What Are ACH returns? Automated Clearing House (ACH) payments are electronic payment processing carried out between two financial institutions (e.g.,

ACH 52
article thumbnail

ACH SEC Codes

Payment Savvy

Below, you will find all the information you might need about ACH transactions, in which those codes are used, as well as what they are, and share with you some real life examples. . ACH Transactions – What To Know. When it comes to an ACH transaction, there are two main participants.