ORLANDO, Fla., May 7, 2019 – OrthoBanc, LLC, a leader in electronic payments for orthodontists and dentists, has become Nacha Certified, joining an elite group of ACH Third-Party Senders.
By achieving Nacha Certified status, OrthoBanc has shown it is meeting the rigorous certification standards of this voluntary program established by Nacha, the steward of the ACH Network.
“A vibrant ACH Network depends on quality Third-Party Senders adhering to sound practices,” said Nacha Chief Operating Officer Jane Larimer. “Undertaking the voluntary process of Nacha certification shows the commitment OrthoBanc is making to meet Nacha standards—something it can proudly show to its customers and peers.”
OrthoBanc works with some 3,000 dental, medical and veterinary providers that offer financing to clients. OrthoBanc manages each account, directly initiating payments every month.
“OrthoBanc leads in quality and integrity. Those are two very strong principles for our company,” said Bill Holt, president and CEO of OrthoBanc. “Being Nacha Certified shows we are committed to best practices.”
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.
OrthoBanc, LLC is a risk assessment and payment management provider specializing in electronic payments for orthodontists, dentists and other companies that provide services for a set monthly fee. OrthoBanc, LLC currently does business as OrthoBanc, DentalBanc and PaymentBanc. OrthoBanc's management team has over 100 years of experience in risk assessment for financial companies.