RDFI and ODFI - What is the Difference

RDFI and ODFI: What’s the Difference

Every ACH transaction goes through two financial institutions: the RDFI and ODFI. These two play major roles in ACH payment processing; one cannot do without the other. However, although their roles are interconnected, their differences still lie in their roles. Nowadays, people don’t need to visit the bank to perform transactions; transactions can be processed […]

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