Business Payments Federated Directory

Through its Business Payments Federated Directory, Nacha and its partners have developed  a solution, utilizing blockchain technology, that allows all businesses to seamlessly connect and securely exchange valid payment  and remittance information.

Through the acquisition of the Business Payments Directory Association (BPDA), Nacha and BPDA will be aligning efforts to develop and deploy a B2B Payments and Remittance Directory to facilitate business-to-business payments.

About Nacha and BPDA

With Nacha's acquisition of  the Business Payments Directory Association (BPDA), the organization is an independent, member-led, self-governed group under the Nacha organization. The union strategically aligns the shared efforts of the two organizations to facilitate business-to-business (B2B) payments through development and deployment of the a B2B Directory. The alliance supports and advances the proof-of-concept B2B Payments and Remittance Directory effort to ensure rapid delivery to the industry.

About the B2B Payments and Remittance Directory

In August 2018, BPDA, in partnership with Discover Financial Services, began work on a proof-of-concept platform for the B2B Directory, which will be built on blockchain technology. It 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 payee or multiple payees, and payees can manage their information in real time to ensure payment details are current. To support the robust capabilities of the Directory, the platform will leverage open source technologies, blockchain/distributed ledger technology and standardized Application Programming Interfaces (APIs) developed by the member-led organization Afinis Interoperability Standards (formerly the API Standardization Industry Group).