Category Archives: ACH Processing

Any financial institution qualified to receive ACH entries that agrees to abide by the NACHA Operating Rules and Guidelines .

An individual, corporation or other entity who has authorized an originator to initiate a credit or debit entry to an account held at an RDFI.

A non-dollar entry that may be sent through the ACH Network by an Originator to alert an RDFI that a live-dollar transaction will be forthcoming and that verification of the Receiver’s account number is required.

The process of recording debits and credits to individual account balances.

Any individual, corporation or other entity that initiates entries into the Automated Clearing House Network.

A participating financial institution that initiates ACH entries at the request of and by agreement with its customers. ODFIs must abide by the provisions of the NACHA Operating Rules and Guidelines .

Entry within an ACH file destined for an account held at the ODFI.

Information sent by an RDFI to notify the ODFI that previously valid information for a Receiver has become outdated or that information contained in a prenotification is erroneous. The Standard Entry Class code is COR.

The ACH record format specifications described in the NACHA Operating Rules and Guidelines are the accepted and warranted payment format standards for payments delivered through the ACH.

The national association that establishes the standards, rules and procedures that enable depository financial institutions to exchange payments on a national basis.