Meaning Originating Depository Financial Institution
What does Originating Depository Financial Institution mean? Here you find 3 meanings of the word Originating Depository Financial Institution. You can also add a definition of Originating Depository Financial Institution yourself
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Originating Depository Financial InstitutionThe term Originating Depository Financial Institution (ODFI) is related to ACH (Automated Clearing House) services. The ODFC interlinks the Federal Reserve or the ACH network with the originator. The [..]
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Originating Depository Financial InstitutionA financial institution that is qualified to initiate deposit entries submitted by an employer as part of the direct deposit process.
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Originating Depository Financial InstitutionA term used when referring to the clearing of ACH, or eCheck.Net®, transaction to describe the merchant's bank. The merchant's bank handles the submission of eCheck.Net® transactions receive [..]
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