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). The ODFI collects these files and sends them to an ACH operator.

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ACH API Payment APIs and Integration ACH Network 88

Stax

JUNE 27, 2024

A clearing house is a network of over 10,000 financial service providers in the US, including banks and credit unions. ODFI submits ACH file – The originator’s bank or payment processor, also known as the originating depository financial institution (ODFI) submits the ACH entry containing the payment details.

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

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). Your financial institution should be able to provide an ACH processing time estimate or completion date. How do ACH returns work?

ACH 52

ACH Returns RDFI ODFI 52

EBizCharge

JULY 16, 2024

Risk management Financial institutions and third-party service providers must construct and execute a risk-based approach to detect and prevent fraudulent ACH transactions. Implementing rigorous authorization methods ensures transparency and supports mutual trust between the consumer and the financial institution or service provider.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52