ACH vs. Paper Check Flashcards

1
Q

Originator

A

Payee

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

ODFI

A

Bank of First Deposit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

ACH Operator

A

Correspondent Bank

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

RDFI

A

Paying Bank

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Receiver

A

Payor

How well did you know this?
1
Not at all
2
3
4
5
Perfectly