Third-Party Senders and Processors play a critical role in electronic payment services. It is a challenging business and organizations are working hard to remain compliant.
This Resource Center contains WesPay’s full range of products and services for Third-Party Senders and Processors and their ODFIs to help deal with the growing complexities of regulatory and rules requirements for processing ACH transactions.
Our services include the following:
What is a Third-Party?
Acts as an intermediary in transmitting entries between an originator
and an Originating Depository Financial Institution (ODFI), and/or acts
on behalf of an originator or another Third-Party Sender. They are not
considered the originator for entries transmitted on behalf of another
organization. However, a Third-Party Sender may be an originator in its
Third-Party Service Provider
A Third-Party Service Provider is an organization that performs any functions on behalf of an Originator,
Third-Party Sender, Originating Depository Financial Institution (ODFI),
or Receiving Depository Financial Institution (RDFI) related to the
processing of entries, including creation of files or acting as a
Sending or Receiving Point on behalf of a financial institution.
Third-Party Payment Processor
Provides payment processing services to merchants and other businesses. These payment transaction types include credit card, debit and prepaid card, ACH, and remotely created checks transactions.