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This is the name that shows up on your merchants' bank statements to identify who initiated the settlement."]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["Previously, merchants saw your company's default Statement Descriptor listed as the originator. Going forward, the descriptor will use the following format:"]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":[{"$$mdtype":"Tag","name":"code","attributes":{},"children":["Finix-Your Statement Descriptor"]}]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["For example: ",{"$$mdtype":"Tag","name":"code","attributes":{},"children":["Finix-PARTNER Name"]}]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["Please communicate this change to your merchants so they are aware of the updated descriptor on ACH settlement transactions. This change does not impact settlement timing, reporting, or reconciliation processes."]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["Merchants accepting ACH payments can still set a custom statement descriptor that appears on the end buyer's bank statement. This update only affects how ACH settlement transactions to and from merchant bank accounts are identified."]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["If you have any questions, reach out to your Customer Delivery Manager or ",{"$$mdtype":"Tag","name":"a","attributes":{"href":"mailto:support@finix.com"},"children":["support@finix.com"]},"."]}]},"headings":[{"value":"Update to ACH Settlement Statement Descriptors","id":"update-to-ach-settlement-statement-descriptors","depth":1}],"frontmatter":{"template":"../../../@theme/Templates/ReleaseNote.tsx","seo":{"title":"Update to ACH Settlement Statement Descriptors","description":"Effective April 22, 2026, Finix updates the Originator Company Name on ACH credit and debit settlement transactions to comply with NACHA rules.","image":"/assets/additional-resources-release-notes.9735f92c59d5741ad884fb4d9a1496310d990a863871921fa63028cdf2aed328.04fe652d.png"},"metadata":{"date":"2026-04-01","monthLabel":"April 2026","order":2,"legacyAnchor":"update-to-ach-settlement-statement-descriptors"}},"lastModified":"2026-08-20T01:30:42.000Z","pagePropGetterError":{"message":"","name":""}},"slug":"/release-notes/2026/04/update-to-ach-settlement-statement-descriptors","userData":{"isAuthenticated":false,"teams":["anonymous"]},"isPublic":true}