Continuity ODFI SEC Codes 
EBizCharge
JULY 16, 2024
A crucial aspect of risk management within NACHA’s framework involves continuous monitoring of transactions to detect anomalies or patterns that may indicate unauthorized activity. Each SEC code has its defined usage, ensuring the correct handling of electronic transactions and aiding in fraud detection.
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. clearing, delivery, settlement).
Expert insights. Personalized for you.
52 
Let's personalize your content