Filter by Topic

Filter by Type

113 results related to "Account Validation"
Nacha’s Phixius Passes 1 Million Transactions
… enables businesses to validate data such as routing and account numbers, and there are plans to support additional data validations later in 2022.  “Transaction volume is a direct … with the capability to reach all U.S. bank and credit union accounts. More than 29 billion ACH Network payments were …
Phixius by Nacha Processes 2 Millionth Transaction
… financial institutions and 10,000 businesses. "The need for account validation continues to drive transactions on the Phixius … to comply with Nacha's WEB Debit Rule." Phixius utilizes an Account Validation API developed by Afinis Interoperability …
A Checklist Approach to Payment Initiation
… the requestor.  Confirm validity of authorization. Verify account number of receiver. Verify routing number of … information.  Confirm sufficient funds in funding account.  Obtain internal approval for transaction. Initiate …
Nacha in 2023: A Lot to Look Forward to
… saw more than 2 million payments processed last year. Account validation for ACH payments is a major use case, and in …
Nacha Announces ValidiFI as a Preferred Partner for Account Validation
… ValidiFI is now a Nacha Preferred Partner for Account Validation. In becoming a Preferred Partner, ValidiFI joins … and leading financial service providers – use ValidiFI for account opening, credit decisions, risk management, …
Nacha Announces Finicity as a Preferred Partner for Account Validation
… a Mastercard company, is now a Nacha Preferred Partner for Account Validation through Finicity Pay ™, an integrated solution … through innovative payment solutions.” ”Finicity verifies account details to help mitigate fraud, maximizes confidence …
Nacha Announces Accelitas as a Preferred Partner for ACH Account Validation
… Accelitas is now a Nacha Preferred Partner for ACH Account Validation. As a Preferred Partner, Accelitas is a part of a … the ACH Network, while improving safety and security – and account validation is one method available for the industry …
Supplementing Fraud Detection Standards for WEB Debits
… The WEB Debit Account Validation Rule became effective March 19, 2021. The rule … possible. Resources Additional resources and information on account validation are available through the Account …
Nacha’s Phixius Service: Meeting Customers’ Account Validation Needs
… 2, Episode 1: Nacha’s Phixius Service: Meeting Customers’ Account Validation Needs Nacha Rules now require ACH users to include account validation within a commercially reasonably …