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Consumer Account
An account held at a development financial institution (DFI) which has been opened by a natural person and is used for personal needs.
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ODFI (Originating Depository Financial Institution)
Financial institutions that originate ACH transactions on behalf of its customers. ODFI’s must abide by the National Automated Clearing House Association (NACHA) Operating Rules.
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Receiver
Any company, organization or entity authorizing an originator to initiate an ACH credit or ACH debit transaction.
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