Stax

JUNE 23, 2025

Join the Payments-Led Growth Movement Sign up to keep up-to-date with the latest trends in payments, vertical SaaS, and technology from industry experts. Your bank (the ODFI) will collect all the transaction files you sent and forward them to an ACH operator. The ODFI collects these files and sends them to an ACH operator.

ACH 88

ACH API Payment APIs and Integration ACH Network 88

Stax

JUNE 27, 2024

ACH is also the technology behind most peer-to-peer money transfer services in the US, including Paypal, Zelle, Cash App, and Venmo. 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.

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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). 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. How do ACH returns work?

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ACH Returns RDFI ODFI 52

PYMNTS

APRIL 19, 2016

Payments technology provider linked2pay said Monday (April 18) that its Bank Centric Payments platform has been integrated with Chargent, the processing solution included in the Salesforce AppExchange. Chargent has been live since 2009.

ACH 41

ACH ODFI NACHA Fraud Prevention 41

The Paypers

JULY 27, 2017

(The Paypers) linked2pay , a US-based banking and payments technology provider, has launched a white label KYC service for ODFIs to automate payments underwriting, onboarding and management.

ODFI 28

ODFI Underwriting Automation Technology 28

PYMNTS

SEPTEMBER 9, 2016

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. ODFI focuses on the origination of transactions, while RDFI concentrates on receiving transactions. Just in the first four months of 2016, incidents of such scams increased by 270 percent.

Same Day ACH 40

Same Day ACH ACH ODFI Faster Payments 40

EBizCharge

JULY 16, 2024

Entities must follow essential practices, such as incorporating strong access controls, routinely updating security protocols, and employing advanced encryption technology. This includes both Originating Depository Financial Institutions (ODFIs) and Receiving Depository Financial Institutions (RDFIs). How often are NACHA rules updated?

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NACHA Nacha Rules ACH Network ACH 52