Remove Non-Bank Remove OFAC Remove RDFI
article thumbnail

What Does Return Mobile ACH Payment Mean?

Payment Savvy

ACH direct payments : These payments are electronically transferred from one bank account to another. Receiving Depository Financial Institution (RDFI) The RDFI is the bank that is being charged or refunded. If there is a problem with the payment processing, it is usually the RDFI that sends an ACH return message.

ACH 52