Phixius, Nacha’s payment information exchange platform, recently presented at Finovate Fall 2020. Finovate is a premier venue highlighting innovations in financial technology and had over 1,000 attendees.
Attendees experienced a 10-minute demonstration of Phixius, showing the use of technology, standardized APIs and rules to enable interoperability for the secure exchange of payment-related information. All of this happens within a trusted network of connected credentialed service providers (CSPs) who connect to Phixius to improve automation and reduce payments fraud in areas of onboarding customer information, invoice requirements, payor authorization and to enhance services for their customers.
Nacha technology advisor Peter Tapling demonstrated Phixius, which solves the challenge of information exchange to support electronic payments for financial institutions, payment service providers, billers, payers and payment networks.
“We are proud to be included at Finovate. It let us put a spotlight on how we believe Phixius will improve the payment lifecycle for businesses and financial institutions,” said George Throckmorton Nacha Managing Director and Executive Director of Afinis API Standards.