VPay is now a Nacha Preferred Partner for ACH disbursements.
As a Nacha Preferred Partner, VPay joins a select group of innovators contributing to Nacha’s strategic efforts in support of the payments ACH ecosystem. Together through this partnership, VPay and Nacha will continue working to remove friction, increase quality, improve cash flow accessibility and efficiency, and support sound risk management and security for ACH payments.
“Improving transaction quality in the payments industry requires providers who are dedicated to evolving with the industry,” said Jane Larimer, Nacha President and CEO. “It’s one of the reasons we have built our Preferred Partner program and welcome VPay as the newest member.”
VPay facilitates billions of dollars in payments via the ACH Network and other payment methods for clients in insurance verticals, including health plans, dental plans, third-party administrators, workers compensation and auto insurers.
“Consumers and businesses both expect ease, speed and convenience in every part of the claim process, and payments are no exception. We are proud to join the ranks of Nacha’s Preferred Partners as we work together to enhance the modern ACH Network and exceed expectations,” said Ben Peters, chief operating officer for VPay.
To learn more about VPay 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. Visit nacha.org for more information, and connect with us on LinkedIn, Twitter, Facebook and YouTube.
VPay® is today’s total payment solution for claim payments for workers’ compensation, property and auto insurers, health plans, dental plans and third-party administrators. By reducing checks with fast secure electronic payments that simplify the reconciliation process while also eliminating processing and management costs, VPay helps companies realize unexpected and unprecedented returns. For more information, visit www.vpayusa.com.