Clearing Systems

Receiving Depository Financial Institution (RDFI)

What is Receiving Depository Financial Institution (RDFI) A receiving depository financial institution (RDFI) is a financial institution that receives electronic funds transfers (EFTs) on behalf of its customers and ensures those funds are accurately credited to the intended accounts.

IT Systems and Security

What are IT Systems and Security. IT systems and security refer to the integrated set of technologies, processes and controls designed to protect digital infrastructure, financial data and operational systems from unauthorized access, misuse, disruption, or loss.

Credit Transfer (CT)

What is Credit Transfer. Credit transfer is a widely used payment method that allows funds to move directly from one bank account to another, initiated by the payer.