Backpack is modern financial infrastructure purpose-built for higher education. Its reconciliation platform and embedded workflow automation enable colleges, universities and providers to move payments online, reduce administrative burden, improve reconciliation, strengthen compliance and security, and accelerate time to funding.

Backpack specializes in external payments, including 529 tuition payments, scholarships, corporate sponsorships and government funding. The platform streamlines these payments for colleges and universities by replacing paper checks and manual reconciliation with ACH-first payment workflows.

Backpack is a financial technology company, not a bank. Banking services are provided by OMB Bank, Member FDIC.

Benefits of being a Nacha Preferred Partner:

Backpack’s platform aims to move billions of dollars in higher education payments off paper checks and onto the ACH Network, applying account validation and risk controls that protect ACH Network participants. Being a Nacha Preferred Partner reflects a long-term commitment to advancing ACH adoption and supporting the ACH Network’s integrity and growth in one of the largest remaining check-heavy sectors of the U.S. economy.

How Backpack helps advance the ACH Network:

Backpack’s platform aims to move billions of dollars in external higher education payments – from 529 plans, prepaid tuition plans, scholarship providers, private companies and government organizations – off paper checks and onto the ACH Network. This shift delivers improved security, efficiency and compliance across the industry. Top U.S. universities, thousands of scholarship providers, Fortune 500 companies and government organizations use Backpack to send digital, auto-reconciled payments that help fund education.

To learn more about Backpack, visit backpackpay.com.