Differences Between ODFI and RDFI

ODFIs and RDFIs are two types of financial institutions that operate within the Automated Clearing House (ACH) Network. Most major operating banks are ODFI and RDFI approved, allowing them to send and receive ACH money transfers.  Third-party payment processors (TPPPs), … Read More

Processing Costs for ACH Transactions

Depending on your business, you may find that you need to accommodate a wide variety of payment methods to make your customers happy. Online businesses will often use a variety of digital wallet types—from mobile wallets to PayPal or Venmo. … Read More