Stax

JUNE 23, 2025

The way a typical ACH transfer works is as follows: You will initiate the transaction as the originator by sending a Nacha formatted data file containing information about the desired payment to your bank which is called the ODFI (Originating Depository Financial Institution). What Are Some of the Use Cases of ACH?

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ACH API Payment APIs and Integration ACH Network 88

Nanonets

MARCH 21, 2023

NACHA is a non-profit organization that is self-regulating, and they’re responsible for supervising and making rules for ACH transactions. Each transfer is sent as a message within a batch of outgoing requests by the bank making the request (known as the originating depository financial institution, or ODFI).

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ACH RDFI ACH Network ODFI 52

PYMNTS

SEPTEMBER 9, 2016

Use cases for Same Day ACH include account-to-account transfers and same-day payrolls, to name a few. 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. Impact On Same Day ACH Rollout. If NACHA’s projections come to fruition, about 1.4

Same Day ACH 40

Same Day ACH ACH ODFI Faster Payments 40