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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. …
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 …