ACH Transactions - The Role of RDFI and ODFI
In digital payments, both the Receiving Depository Financial Institution (RDFI) and Originating Depository Financial Institution (ODFI) play a critical role in enabling Automated Clearing House (ACH) transactions. ACH provides a faster and more efficient electronic way to transfer money than checks or cash and is used by more individuals and consumers. Find out how RDFIs and ODFIs team with ACH Operators to enable digital payments for consumers, businesses, and the government.