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ACH Reversals vs. ACH Returns: What’s the Difference?

EBizCharge

This article will explore the processes involved in ACH payments, explaining how to distinguish returns vs. reversals and answering common questions such as what is an ACH return and can you reverse an ACH payment? When an error occurs, the transaction is often resolved through one of two methods: ACH reversal or ACH return.

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ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

Stax

The utility company (the ODFI) passes the ACH files to the financial institution, which then sends a file with the payment request to the customer’s bank (the RDFI). The most common types of direct deposits via ACH transfer include employee salary payments, government benefits, and tax returns.

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Will Same Day ACH Rollout Spark A Fraud Spike?

PYMNTS

Of the 420-plus customers, Rojas said about 140 are currently using one of the company’s two ACH products, dubbed ACH-ODFI and ACH-RDFI. ODFI focuses on the origination of transactions, while RDFI concentrates on receiving transactions. The banks are saying, ‘This is a way for us to attract bigger and better customers,’” Rojas stated.