Latest news with #Phixius
Yahoo
28-04-2025
- Business
- Yahoo
Phixius, Kinexys Liink partner to bolster account validation processes
Phixius by Nacha has teamed up with Kinexys Liink, a bank-led data sharing network operated by J.P. Morgan. This partnership aims to improve the scope and efficiency of account validation services for financial institutions, fintech companies, and corporations across the globe. As part of the collaboration, Phixius will serve as the key US payment information network Responder for Kinexys Liink. This is said to enable Phixius to offer near-instant verification of domestic bank account details, facilitating faster and more accurate transactions for all parties involved. In exchange, Phixius users will benefit from access to Kinexys Liink's Confirm application, which provides global account validation capabilities. This will enhance the utility and international reach of the Phixius network, supporting seamless cross-border payments and reducing potential errors. Nacha ACH Network Development managing director Rob Unger said: 'Phixius' collaboration with Kinexys Liink offers a unique opportunity to facilitate collaboration across respective networks. 'Kinexys Liink and Phixius customers can benefit by validation services using data provided by either network, helping to mitigate payment fraud and reduce potential ACH returns.' Kinexys by J.P. Morgan is the blockchain business unit of the company, focused on creating scalable systems that help transform traditional business models. The company works closely with clients to reimagine the movement of information, money, and assets in the digital age. Kinexys Liink operates as a blockchain-powered, payment-rail-agnostic information exchange platform. Its goal is to provide secure and frictionless sharing of payment-related data, all while ensuring privacy, sovereignty, and security are maintained throughout the process. Via its Confirm application, Kinexys Liink allows for near real-time global validation of bank account details, such as ownership and transaction status. This enhances operational efficiency, reduces fraud risks, and helps minimise errors in international payments. Kinexys Liink at Kinexys by J.P. Morgan general manager Gloria Wan said: 'We are committed to enhancing the provision of secure, efficient data connectivity to address industry challenges and innovation opportunities. 'Through the collaboration with Phixius by Nacha, we look forward to expanding the reach of Kinexys Liink to further strengthen account validation and cross-border payment infrastructure globally.' "Phixius, Kinexys Liink partner to bolster account validation processes" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
27-04-2025
- Business
- Yahoo
Phixius by Nacha Expands Bank Account Validation Coverage With ValidiFI
NEW ORLEANS, April 27, 2025--(BUSINESS WIRE)--Phixius by Nacha—a secure, peer-to-peer payment information network—announced today that ValidiFI is live on the Phixius network as an additional provider of bank account validation. Phixius now offers multiple providers of account validation, expanding the coverage of account validation data for Phixius users. "Phixius provides the connective tissue to reach multiple account validation service providers, addressing gaps in coverage for validating U.S. bank account information," said Rob Unger, Managing Director of ACH Network Development at Nacha. "With multiple data sources, Phixius assists organizations in mitigating payment fraud, helping reduce ACH returns, and improving the quality of ACH transactions." "This partnership with Phixius enhances the distribution of ValidiFI's account validation solutions," said John Gordon, CEO of ValidiFI. "Our offerings provide extensive coverage of bank accounts, combined with intelligence to identify fraud and assess risk." With this new integration with ValidiFI, Phixius is enhancing its value proposition to users to: Validate bank account information in the United States instantaneously. Mitigate payment risk when sending and receiving payments to new accounts. Comply with the Nacha Operating Rules & Guidelines, including the requirement to validate account information for Internet-initiated ACH debits (WEB debits). Phixius streamlines the validation process by: Allowing users to access multiple data sources through a single, standard API gateway. Enabling connectivity to multiple data sources without centralized data aggregation. Maintaining strong data security practices through SOC 2 Type 2 certification for security, confidentiality, and privacy. To learn more about Phixius and schedule a free demo, visit Attendees at Smarter Faster Payments, taking place in New Orleans April 27 to 30, can stop by the Nacha Booth No. 844 or the ValidiFI booth No. 913 to learn more about the partnership and get a demo. About Nacha Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. There were 33.6 billion ACH Network payments made in 2024, valued at $86.2 trillion. Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services. About ValidiFI ValidiFI is the leading provider of predictive bank account and payment intelligence. Leveraging the Omni Platform, ValidiFI empowers organizations and financial institutions with actionable insights to help validate bank accounts, detect fraud, and assess credit risk. By analyzing the intricate connections between bank accounts, consumers, and payment performance, ValidiFI offers a more comprehensive view. ValidiFI serves as a trusted partner, unlocking the power of predictive bank account and payment intelligence through credentialled and non-credentialed solutions, enabling more confident transactions. For more information, visit View source version on Contacts Dan RothNacha571-579-0720media@ Sign in to access your portfolio
Business Wire
27-04-2025
- Business
- Business Wire
Phixius by Nacha Expands Bank Account Validation Coverage With ValidiFI
NEW ORLEANS--(BUSINESS WIRE)--Phixius by Nacha—a secure, peer-to-peer payment information network—announced today that ValidiFI is live on the Phixius network as an additional provider of bank account validation. Phixius now offers multiple providers of account validation, expanding the coverage of account validation data for Phixius users. "Phixius provides the connective tissue to reach multiple account validation service providers, addressing gaps in coverage for validating U.S. bank account information," said Rob Unger, Managing Director of ACH Network Development at Nacha. "With multiple data sources, Phixius assists organizations in mitigating payment fraud, helping reduce ACH returns, and improving the quality of ACH transactions.' 'This partnership with Phixius enhances the distribution of ValidiFI's account validation solutions,' said John Gordon, CEO of ValidiFI. 'Our offerings provide extensive coverage of bank accounts, combined with intelligence to identify fraud and assess risk." With this new integration with ValidiFI, Phixius is enhancing its value proposition to users to: Validate bank account information in the United States instantaneously. Mitigate payment risk when sending and receiving payments to new accounts. Comply with the Nacha Operating Rules & Guidelines, including the requirement to validate account information for Internet-initiated ACH debits (WEB debits). Phixius streamlines the validation process by: Allowing users to access multiple data sources through a single, standard API gateway. Enabling connectivity to multiple data sources without centralized data aggregation. Maintaining strong data security practices through SOC 2 Type 2 certification for security, confidentiality, and privacy. To learn more about Phixius and schedule a free demo, visit Attendees at Smarter Faster Payments, taking place in New Orleans April 27 to 30, can stop by the Nacha Booth No. 844 or the ValidiFI booth No. 913 to learn more about the partnership and get a demo. About Nacha Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. There were 33.6 billion ACH Network payments made in 2024, valued at $86.2 trillion. Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services. About ValidiFI ValidiFI is the leading provider of predictive bank account and payment intelligence. Leveraging the Omni Platform, ValidiFI empowers organizations and financial institutions with actionable insights to help validate bank accounts, detect fraud, and assess credit risk. By analyzing the intricate connections between bank accounts, consumers, and payment performance, ValidiFI offers a more comprehensive view. ValidiFI serves as a trusted partner, unlocking the power of predictive bank account and payment intelligence through credentialled and non-credentialed solutions, enabling more confident transactions. For more information, visit
Business Wire
25-04-2025
- Business
- Business Wire
Phixius by Nacha Announces Collaboration With Kinexys by J.P. Morgan to Enhance Account Validation Capabilities
RESTON, Va.--(BUSINESS WIRE)-- Phixius by Nacha (Phixius) — a secure, peer-to-peer payment information network — today announces a strategic collaboration with Kinexys Liink, the world's first bank-led peer-to-peer data sharing network, part of Kinexys by J.P. Morgan. This collaboration establishes information exchanges between the two payment information networks, enhancing account validation coverage for financial institutions, fintechs and corporations. As part of the symbiotic relationship, Phixius will serve as Kinexys Liink's key U.S. payment information network Responder, enabling near real-time validation of domestic bank account data. In turn, Phixius participants will gain access to Kinexys Liink application Confirm's global account validation capabilities, expanding the reach and utility of the Phixius network. 'Phixius' collaboration with Kinexys Liink offers a unique opportunity to facilitate collaboration across respective networks,' said Rob Unger, Managing Director of ACH Network Development at Nacha. 'Kinexys Liink and Phixius customers can benefit by validation services using data provided by either network, helping to mitigate payment fraud and reduce potential ACH returns.' 'We are committed to enhancing the provision of secure, efficient data connectivity to address industry challenges and innovation opportunities,' said Gloria Wan, General Manager, Kinexys Liink at Kinexys by J.P. Morgan. 'Through the collaboration with Phixius by Nacha, we look forward to expanding the reach of Kinexys Liink to further strengthen account validation and cross-border payment infrastructure globally.' Kinexys by J.P. Morgan, the firm's blockchain business unit, builds scalable solutions alongside clients and creates ecosystems that could reimagine traditional business models to transform the way information, money and assets move. Kinexys Liink established the payment rail-agnostic, blockchain-based information exchange network designed to facilitate frictionless and secure payment-related information exchange while maintaining the three fundamental properties of information sharing: sovereignty, security and privacy. Through its Confirm application, Kinexys Liink enables near real-time global validation of bank account ownership, status and transactions, helping reduce payment errors, mitigate fraud risk and improve operational efficiency in international payments. About Nacha Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. There were 33.6 billion ACH Network payments made in 2024, valued at $86.2 trillion. Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services.
