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What Is an ACH API and How Does It Work?

Stax

In this article, we will look at the role of ACH API, how it works, and how you can implement it for your company. Your bank (the ODFI) will collect all the transaction files you sent and forward them to an ACH operator. You will know if the RDFI has pulled the funds when you receive your payment.

ACH
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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? An ACH return must go through a series of steps to return the funds to the ODFI once it meets the criteria for a return.

ACH
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ACH SEC Codes

Payment Savvy

However, we want to help you get a better understanding of certain terms – and that’s what we will do in this article with SEC codes. There’s the ODFI, which stands for Originating Depository Financial Institution, and there’s the RDFI, which stands for Receiving Depository Financial Institution.