ODFI (Originating Depository Financial Institution)
Financial institutions that originate ACH transactions on behalf of its customers. ODFI's must abide by the National Automated Clearing House Association (NACHA) Operating Rules.Learn More
Occurs when both the receiver and originator of a transaction have depository accounts at the same depository financial institution.
Any company, organization or entity authorizing an originator to initiate an ACH credit or ACH debit transaction.Learn More