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What Is an ACH API and How Does It Work?

Stax

Businesses use ACH API integration to lower payment processing costs, streamline high-volume or recurring payments, and improve payment status visibility. The operator will send the files to the recipient’s bank, which is called the RDFI (Receiving Depository Financial Institution). What is an ACH API?

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

EBizCharge

When this happens, the Receiving Depository Financial Institution (RDFI) automatically initiates a return of the funds to the Originating Depository Financial Institution (ODFI). By familiarizing yourself with these reasons, you can minimize the volume of returns and ensure seamless transactions. What is an ACH return?

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ACH Transfers: How long do they take?

Nanonets

The ACH network then combines each message into a batch that is sent to the bank receiving the request (the receiving depository financial institution, or RDFI). Day 2, 12:00 PM: The ACH network delivers this latest round of files as ACH credit requests to every bank where your employees have an account (the RDFIs).

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ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

Stax

The utility company (the ODFI) passes the ACH files to the financial institution, which then sends a file with the payment request to the customer’s bank (the RDFI). Keep in mind that wire transfers can be costly, especially when dealing with high volumes. The bank then completes the payment on behalf of the customer.

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Will Same Day ACH Rollout Spark A Fraud Spike?

PYMNTS

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. If it’s not typical, then the risk appears increased, which sets off alerts.