Payments News

On The Web

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Companies

NACHA Acquires Business Payments Directory Association

“The B2B Directory will be structured as a network of credentialed service provider “sub-directories,” in which trusted and validated payee information will be stored. Credentialed service providers will allow access to the stored electronic payment information, including ACH payment details and other payment methods. Payers can query the Directory to obtain information of a single […]

On The Wires

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Companies

Nacha Announces Finicity As a Preferred Partner for Account Validation | Nacha

“Finicity, a Mastercard company, is now a Nacha Preferred Partner for Account Validation through Finicity Pay™, an integrated solution set of Finicity’s open banking platform. In becoming a Preferred Partner, Finicity joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network.”
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Companies

Nacha Announces ECS Fin As a Preferred Partner for Corporate Remittance and Data Routing | Nacha

“ECS Fin is now a Nacha Preferred Partner for Corporate Remittance and Data Routing. In becoming a Preferred Partner, ECS joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network… ECS Fin specializes in designing and developing software solutions that […]
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Companies

Nacha Announces ValidiFI As a Preferred Partner for Account Validation

“ValidiFI is now a Nacha Preferred Partner for Account Validation. In becoming a Preferred Partner, ValidiFI joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network…ValidiFI’s digital platform delivers comprehensive data and technology solutions. Its customers – including the fast-growing […]
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Companies

Nacha Announces First Live Transactions on the Phixius Platform

“Today Nacha announces that Phixius, a new platform that facilitates the trusted exchange of payment information is live and has completed its first information exchange transactions between participants…Phixius provides interoperability between vetted participants who connect directly to the platform in order to more securely exchange data rather than storing it in a central repository, such […]
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Companies

Nacha Adopts Rules for the Ongoing Modernization of ACH Payments

“Nacha has approved eight new amendments to the Nacha Operating Rules governing the use of ACH payments. Many of the changes reflect a long-term strategy to modernize the ACH system, both through infrastructure improvements such as Same Day ACH; and making ACH payments easier to use for the country’s consumers, businesses and other organizations. Most […]
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Companies

Nacha’s Payments Innovation Alliance Releases Two New Resources Focused on Voice Payments and Pandemic-Related Cybersecurity Best Practices

“In its continued efforts to shape the future of the payments industry and to develop thought leadership relevant to financial services, Nacha’s Payments Innovation Alliance released two new resources specific to voice payments and cybersecurity. The Alliance, a membership organization, brings together diverse, global stakeholders – including financial institutions, solution providers, corporates, and more – […]
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Companies

ACH Network Volume and Value Hit New Highs in 2017

“The ACH Network processed 21.5 billion transactions valued at more than $46.8 trillion in 2017, representing increases of 5.7 percent and 6.9 percent, respectively, over 2016, according to new data released by NACHA—The Electronic Payments Association®. It is the third year in a row in which the number of new ACH transactions increased by more […]