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Payments 2008 What You Need to Know About ACH Origination May 18, 2008, William Blew, AAP Stan Pilot Kerry Ellen, AAP Julie Walker Objectives n There are thousands of applications and millions of
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A ACH origination is the process of initiating an electronic fund transfer between financial institutions.
Businesses and individuals who need to transfer funds electronically are required to file ACH origination.
ACH origination forms can be filled out online through a secure banking portal or software provided by financial institutions.
The purpose of ACH origination is to efficiently transfer funds between bank accounts electronically.
Information such as the amount to be transferred, account numbers, routing numbers, and the date of transfer must be reported on ACH origination forms.
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