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Account Validation Coverage Expanded with the Phixius by Nacha and Kinexys by J.P. Morgan Collaboration
Validating payment information in the U.S. payments world is a search for that true source of data. A collaboration between Nacha and Kinexys by J.P. Morgan is providing a path for addressing the coverage gaps. “The industry is … looking for solutions. …
International ACH Transactions, or IATs, are an important part of the ACH Network. And even if your bank or credit union doesn’t originate IATs, it’s obligated to receive them, which means you still need to know about some relevant Nacha Rules changes on …
Account validation is vital to mitigating payment risk and for enabling accuracy of payment routing. Phixius by Nacha is a payment information network that delivers on these needs by linking account validation requesters with data responders. Phixius is a …
Consumer ACH payments include recurring expenses—mortgages, loan payments and utilities, for example—where consumers can authorize a monthly payment and not worry about mailing checks and instead to “just set it and forget it.” Consumers are also finding …