Visa
Preferred Partner for ACH Experience, Account Validation, and Open Banking
Visa’s open banking solutions help clients build data-driven financial services and move money more seamlessly by connecting financial accounts. In 2022, Visa acquired Tink, a leading open banking platform in Europe, to accelerate the development and adoption of open banking. The company is now bringing these services to the U.S., extending the power of its network and enabling innovation at scale.
Benefits of a Nacha Partnership:
Through its open banking solutions, Visa empowers consumers to take control of their financial data. As a Nacha Preferred Partner, Visa will continue to help financial institutions, fintechs, and merchants verify customer account information, thereby reducing the risk of payment fraud, and making ACH payment experiences simpler, more reliable, and secure.
How Visa helps advance the ACH Network:
Visa is uniquely positioned to combine the power of its payments and open banking expertise to build cutting-edge, innovative products that optimize ACH payment experiences. Visa makes it easy for users to connect accounts and provide trusted parties with access to their financial data. Once consumer-permissioned data is integrated, account and balance details can be instantly verified to facilitate faster ACH payment set-up and more seamless payment flows.
To learn more about Visa, read the announcement or visit visa.com/openbanking.