Orum is a simple API for fast, reliable payments. Orum’s API solution delivers access to rails including Same Day ACH and standard ACH – and instant bank account verification. Orum allows businesses to launch instant payments and instant bank account verification in just days, without costly bank integrations or prolonged compliance. This in turn empowers businesses and banks to launch new payment experiences that attract and monetize more customers. Founded by Stephany Kirkpatrick and led by expert fintech operators from LearnVest, Square, N26, Klarna, Marqeta, and Stash, Orum has raised over $82 million from leading investors, including Accel, Canapi, Bain Capital Ventures, Inspired Capital, Homebrew, Acrew, BoxGroup, Clocktower Ventures, Primary Ventures and American Express Ventures. We provide the technology and expertise required to power a better financial system where everyone has the freedom to build to their potential.

Benefits of a Nacha Partnership:

Orum has been driven to move money fast and reliably, with the goal of accelerating payments and reducing time-to-money to provide universal financial access to consumers and businesses. As Nacha Preferred Partners, Orum will continue their innovative work of establishing a modern, technology-driven foundation for financial payments infrastructure.

How Orum helps advance the ACH Network:

Orum is advancing the ACH Network with a suite of solutions that help customers tackle the problem of “time to money.” Customers go live in two weeks or less — helping them save the two years and $2 million it typically costs for a bank integration — with bank-rate pricing and access to rails including Same Day ACH and standard ACH, with expanded processing windows. In addition to improved money movement, optimizing for speed and cost, Orum's latest innovation, Verify, provides businesses the ability to instantly verify bank accounts before processing payments — delivering the confidence they are debiting or crediting a real account to ensure the payment lands safely and securely.

To learn more about Orum, read the announcement or visit orum.io.