Phixius, an online platform that integrates technology, rules and participants to exchange payment-related information across all payment types, was recently featured in Bank Info Security.
In the article, Nacha Managing Director George Throckmorton, who is leading Phixius, said the new platform addresses the manual process of data exchange. Specifically, he said:
"Phixius is a response to the industry that for a long period of time now has been wanting better interoperability and ways to exchange data," Throckmorton says. "We developed Phixius as a platform for what we call payment information exchange ... so as organizations connect to the platform, they provide services downstream - and what they're really providing are data services."