HERNDON, Va. — April 3, 2019 — Transactis is a new Nacha Preferred Partner for API Enablement of Electronic Bill Payments. 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. Transactis was selected as a Preferred Partner because of its robust solutions, leveraging advanced API technology that automates and simplifies billing and payment processing.
“The paper-based environment of billing and payments for today’s businesses can be a time-consuming, resource intensive, and costly process,” said Jane Larimer, chief operating officer of Nacha. “Solutions that enable more electronic payment options, automate processes, and scale to support the smallest to the largest of businesses go a long way in solving the payments challenges of today’s businesses. Nacha is proud to partner with companies like Transactis that provide solutions and tools with these attributes that can remove the complications in the current billing and payments process.”
Transactis leverages its advanced technology to provide businesses an electronic bill presentment and payment platform that allows them to distribute customer bills, accept and process a variety of payments, and automatically track and reconcile billing. This scalable solution with a range of functionality, including innovative API technology, addresses the billing and payments needs of a variety of business types, from government to nonprofits.
“Transactis and Nacha have always worked closely to share industry insights and offer effective payment strategies that drive the ACH Network forward,” said Transactis CEO Joe Proto. “We are truly honored to be recognized as a Nacha Preferred Partner and look forward to working even closer together.”
To learn more about Transactis 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 electronic payments and financial data exchange within the U.S. and across geographies. Through development of rules, standards, governance, education, advocacy, and in support of innovation, Nacha’s efforts benefit the providers and users of those systems. Nacha leads groups focused on API standardization, authors the Quest Operating Rules for EBT and 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, 23 billion ACH payments valued at more than $51 trillion moved across the ACH Network.
Transactis transforms traditional billing and payment processing with innovative, reliable, and secure digital solutions. Its advanced technology simplifies receivables management, and is delivered to market through banks and service providers that support millions of businesses. Transactis meets the strictest regulatory and compliance requirements including HIPAA, SSAE 16, PCI Level 1, and SOC 2. Transactis has received the Inc. 500 Award, Deloitte Technology Fast 500 Award, AlwaysOn OnFinance Top 100 Award, Red Herring Top 100 Award, PYMNTS Innovation Award, PayStream Advisors Innovative Technology Award, and has been named a ‘Cool Vendor’ by Gartner. Transactis’ investors include ff Venture Capital, MacAndrews & Forbes, Compound, Safeguard Scientifics, StarVest Partners, Capital One, Fifth Third Bank, PNC, TD Bank and Wells Fargo. For more information, please visit transactis.com or follow us on Twitter @TransactisUS.