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

EBizCharge

OCTOBER 17, 2023

When this happens, the Receiving Depository Financial Institution (RDFI) automatically initiates a return of the funds to the Originating Depository Financial Institution (ODFI). 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

ACH Returns RDFI ODFI

What Does Return Mobile ACH Payment Mean?

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).

ACH

ACH Returns RDFI ODFI

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

What Does Return Mobile ACH Payment Mean?

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