HERNDON, Va. — June 10, 2019 — BillGO is a new Nacha Preferred Partner for ACH Solutions for Instant Credit. Nacha Preferred Partners are a select group of innovators that contribute to Nacha’s strategic efforts in support of the payments ecosystem by removing friction, increasing ease, improving cash flow accessibility and efficiency, as well as supporting sound risk management and security for ACH payments. BillGO was selected as a Preferred Partner because of its BankUp solution that automates the bill payment process for billers while providing real-time credit to the consumer’s account at the biller.
BillGO’s BankUp offering enables billers to easily accept ACH payments with a real-time payment confirmation, creating a strong customer experience. BillGO guarantees the transaction for the biller, thus eliminating exceptions while also enabling immediate credit for payments via the ACH channel. Merchants are provided with a simple, easy-to-use interface to add to their existing bill pay offering.
“Biller direct represents a significant portion of electronic bill payments in the U.S. and both billers and consumers desire low-cost and efficient options that are seamless,” said Jane Larimer, COO of Nacha. “Innovative solutions such as those developed by BillGO provide the industry with options and alternatives that leverage the capabilities of the ACH Network.”
“BillGO’s newest solution enables billers to simplify the payments experience for their customers,” said Mike Pinto, COO of BillGO. “As a Nacha Preferred Partner, we are excited to bring innovative experiences that help the industry continue to evolve towards satisfying consumer and corporate expectations for on-demand, fast payment options.”
BillGO, as the Preferred Partner for ACH Solutions for Instant Credit, joins a growing list of Nacha Preferred Partners working to better support the payments ecosystem. To learn more about BillGO and Nacha’s Preferred Partner Program, visit www.nacha.org/Preferred-Partner.
Nacha is a nonprofit organization that convenes hundreds of diverse organizations to enhance and enable ACH payments and financial data exchange within the U.S. and across geographies. Through the development of rules, standards, governance, education, advocacy, and in support of innovation, Nacha’s efforts benefit all stakeholders. Nacha is the steward of the ACH Network, a payment system that universally connects all U.S. bank accounts and facilitates the movement of money and information. In 2018, there were 27 billion ACH payments, and more than $51 trillion in value moved across the ACH Network. Nacha also leads groups focused on API standardization and B2B payment enablement.
BillGO constantly creates and innovates past what exists. That drive powers the BillGO team to relentlessly advance payment systems to accelerate speed, efficiency and security. BillGO’s technology, currently used by 8,000 banks and more than 30 million consumers, provides a simple integration into any existing system that gives payment providers access to a proven, faster and more secure bill payments engine. Learn more: https://www.billgo.com/.