Originating Depository Financial Institution
id:
originating-depository-financial-institution-324-2377450
title:
Originating Depository Financial Institution
text:
Originating Depository Financial Institution or ODFI is a banking term in the United States used in connection with ACH Network (ACH). In the ACH flow, the ODFI acts as the interface between the Federal Reserve or ACH network and the originator of the transaction. The ODFI warrants to the ACH network that the transactions it transmits to the network comply with the rules. The depository institution that is a member of ACH is usually a bank or other financial institution which is initiating a pay
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Originating_Depository_Financial_Institution
date created:
date modified:
2023-08-29T13:54:08Z
main entity:
{"identifier":"Q16919733","url":"https://www.wikidata.org/entity/Q16919733"}
image:
fields total:
13
integrity:
13