ACH vs. Fedwire® Flashcards
1
Q
Originator
A
Originator
2
Q
ODFI
A
Originator’s Bank
3
Q
ACH Operator
A
Reserve Bank
4
Q
RDFI
A
Beneficiary’s Bank
5
Q
Receiver
A
Beneficiary
Originator
Originator
ODFI
Originator’s Bank
ACH Operator
Reserve Bank
RDFI
Beneficiary’s Bank
Receiver
Beneficiary