Latest news with #ACH
Business Wire
02-07-2025
- Business
- Business Wire
Eftsure Now a Nacha Preferred Partner
RESTON, Va.--(BUSINESS WIRE)--Nacha announced that Eftsure, a leader in fraud prevention and payments protection, has joined its growing list of Nacha Preferred Partners. Eftsure is a Preferred Partner for Account Validation, Fraud Monitoring, and Risk and Fraud Prevention. Eftsure is a payments fraud prevention platform designed to protect businesses from payment fraud, errors, and cyber threats by verifying the legitimacy of suppliers and their banking details. Eftsure cross-references payment information in real time, providing intuitive 'traffic light' alerts—green for verified details and red for discrepancies—before funds are released. This system helps prevent issues such as business email compromise (BEC), fake invoices, insider scams, and duplicate payments. Eftsure promotes ACH as the preferred payment method in its platform, which does not support check payments. 'As concerns about fraud—particularly check fraud and credit-push frauds such as BEC—continue to grow, being vigilant is ever more important,' said Jane Larimer, Nacha President and CEO. 'We welcome Eftsure as a Nacha Preferred Partner and as another line of defense in the war on fraud.' 'Cybercrime and scam tactics are evolving rapidly, which is why businesses need collaborative, borderless solutions,' said Jon Soldan, Eftsure CEO. 'Eftsure now offers international payment verification across Europe and the Asia-Pacific (APAC) region. This expansion empowers U.S. companies with a unique capability: ensuring their vendor payments—whether domestic via ACH, wire payments or international—are directed to the correct recipients. Our partnership with Nacha further reinforces the value we deliver to finance teams, particularly in streamlining and securing outbound payments through greater visibility, control, and trust.' Nacha's Preferred Partner Program is open to any technology solution provider whose offerings align with the Nacha strategy of advancing the ACH Network. For more information about the program, visit Nacha's Preferred Partner page. 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 Eftsure Eftsure is the global market leader in payment fraud prevention. Specifically designed for businesses, our end-to-end solution safeguarded more than $288b in B2B payments last year. Powered by cross-matching, we use multi-layered verification methods to give finance and AP teams cleaner data, more control over onboarding vendors, and greater confidence in all outgoing payments, particularly ACH payments. In short, we ensure our customers don't pay the wrong people.
Business Upturn
16-06-2025
- Business
- Business Upturn
Blank Rome Expands Dallas Office with Addition of Leading Litigators David M. Clem and Megan A. Altobelli
Dallas, June 16, 2025 (GLOBE NEWSWIRE) — Blank Rome LLP is pleased to announce that partner David M. Clem and associate Megan A. Altobelli have joined the firm's nationally recognized Business Litigation group and Financial Services industry team. As litigators and trial lawyers, David and Megan focus their practice on complex commercial litigation, primarily representing financial institutions in significant trials and arbitrations. 'We are pleased to welcome David and Megan to our expanding Dallas office and our national Business Litigation group,' said Grant S. Palmer, Blank Rome's Chair and Managing Partner. 'In addition to his extensive trial experience, David has built a strong reputation representing notable clients in the financial services industry. His courtroom experience, industry knowledge, and dedication to client service will be a great addition to our team as we continue to grow and enhance our capabilities in Dallas and beyond. We look forward to the contributions and the positive impact David and Megan will have on our clients and our firm.' David and Megan guide businesses through the litigation process, from pre-suit evaluation through jury and bench trials and post-judgment enforcement. They have helped attain favorable outcomes in courtrooms and arbitrations involving extreme time pressure, complex issues, class actions, multi-district litigation, obscure material, and large numbers of parties and witnesses. David represents commercial and retail banks, credit unions, broker-dealers, mortgage lenders, consumer lenders, FinTechs, investment funds, non-bank financial institutions, and other financial services players. He has litigated disputes in state and federal courts involving syndicated and participated loans, bank operations, securities fraud, lender liability, statutory and regulatory compliance, negotiable instruments, and various creditors' rights issues. He has also litigated matters related to contract, tort, and trade secret claims; deposit and payment disputes, including warranty claims, check and Automated Clearing House ('ACH') disputes, and other claims under Uniform Commercial Code ('UCC') Articles 4 and 4A; and defaulted commercial credits. Megan represents clients before state and federal courts, bankruptcy courts, and arbitration panels. She has litigated disputes involving breach of contract, fraud, noncompetes, premises liability, and product liability matters. In addition to financial services institutions, David and Megan represent oil and gas operators and investors, real estate developers, franchisees, and other businesses across a variety of industries in the United States. 'We are thrilled to have David and Megan join our Business Litigation group and strengthen our litigation bench in Texas and nationally,' said Evan H. Lechtman, partner and co-chair of the Business Litigation group. 'They are recognized for building longstanding relationships with clients, who value their ability to approach intricate legal matters with clear strategies that allow them to understand issues, assess risks, and explore litigation options. We look forward to having David and Megan on our Banking & Commercial Finance Litigation team, where their courtroom advocacy and dedication to client service will be a great asset to our litigation bench, as well as enhance our presence in Dallas.' 'Blank Rome is tremendous law firm with smart, talented, and collegial attorneys who are dedicated to providing the highest quality client service,' said David. 'I am excited about Blank Rome's commitment to its core values, its geographic reach, and its depth of regulatory, compliance, and transactional lending experience. I look forward to collaborating with my new colleagues at Blank Rome to continue delivering exceptional service and litigation support to our clients in Dallas and across the country.' David is active with the Southwest Association of Bank Counsel and will be a speaker at its 2025 Annual Legal Conference in October. About Blank Rome Blank Rome is an Am Law 100 firm with 16 offices and 750 attorneys and principals who provide comprehensive legal and advocacy services to clients operating in the United States and around the world. Our professionals have built a reputation for their leading knowledge and experience across a spectrum of industries. For more information, please visit Attachments David M. Clem Megan A. Altobelli Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Yahoo
16-06-2025
- Business
- Yahoo
Blank Rome Expands Dallas Office with Addition of Leading Litigators David M. Clem and Megan A. Altobelli
David M. Clem Megan A. Altobelli Dallas, June 16, 2025 (GLOBE NEWSWIRE) -- Blank Rome LLP is pleased to announce that partner David M. Clem and associate Megan A. Altobelli have joined the firm's nationally recognized Business Litigation group and Financial Services industry team. As litigators and trial lawyers, David and Megan focus their practice on complex commercial litigation, primarily representing financial institutions in significant trials and arbitrations. 'We are pleased to welcome David and Megan to our expanding Dallas office and our national Business Litigation group,' said Grant S. Palmer, Blank Rome's Chair and Managing Partner. 'In addition to his extensive trial experience, David has built a strong reputation representing notable clients in the financial services industry. His courtroom experience, industry knowledge, and dedication to client service will be a great addition to our team as we continue to grow and enhance our capabilities in Dallas and beyond. We look forward to the contributions and the positive impact David and Megan will have on our clients and our firm.' David and Megan guide businesses through the litigation process, from pre-suit evaluation through jury and bench trials and post-judgment enforcement. They have helped attain favorable outcomes in courtrooms and arbitrations involving extreme time pressure, complex issues, class actions, multi-district litigation, obscure material, and large numbers of parties and witnesses. David represents commercial and retail banks, credit unions, broker-dealers, mortgage lenders, consumer lenders, FinTechs, investment funds, non-bank financial institutions, and other financial services players. He has litigated disputes in state and federal courts involving syndicated and participated loans, bank operations, securities fraud, lender liability, statutory and regulatory compliance, negotiable instruments, and various creditors' rights issues. He has also litigated matters related to contract, tort, and trade secret claims; deposit and payment disputes, including warranty claims, check and Automated Clearing House ('ACH') disputes, and other claims under Uniform Commercial Code ('UCC') Articles 4 and 4A; and defaulted commercial credits. Megan represents clients before state and federal courts, bankruptcy courts, and arbitration panels. She has litigated disputes involving breach of contract, fraud, noncompetes, premises liability, and product liability matters. In addition to financial services institutions, David and Megan represent oil and gas operators and investors, real estate developers, franchisees, and other businesses across a variety of industries in the United States. 'We are thrilled to have David and Megan join our Business Litigation group and strengthen our litigation bench in Texas and nationally,' said Evan H. Lechtman, partner and co-chair of the Business Litigation group. 'They are recognized for building longstanding relationships with clients, who value their ability to approach intricate legal matters with clear strategies that allow them to understand issues, assess risks, and explore litigation options. We look forward to having David and Megan on our Banking & Commercial Finance Litigation team, where their courtroom advocacy and dedication to client service will be a great asset to our litigation bench, as well as enhance our presence in Dallas.' 'Blank Rome is tremendous law firm with smart, talented, and collegial attorneys who are dedicated to providing the highest quality client service,' said David. 'I am excited about Blank Rome's commitment to its core values, its geographic reach, and its depth of regulatory, compliance, and transactional lending experience. I look forward to collaborating with my new colleagues at Blank Rome to continue delivering exceptional service and litigation support to our clients in Dallas and across the country.' David is active with the Southwest Association of Bank Counsel and will be a speaker at its 2025 Annual Legal Conference in October. About Blank Rome Blank Rome is an Am Law 100 firm with 16 offices and 750 attorneys and principals who provide comprehensive legal and advocacy services to clients operating in the United States and around the world. Our professionals have built a reputation for their leading knowledge and experience across a spectrum of industries. For more information, please visit Attachments David M. Clem Megan A. Altobelli CONTACT: Abby Moriarty Blank Rome LLP 312.776.2597 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
13-06-2025
- Business
- Finextra
GrailPay raises $6.7 million for remedial ACH platform
GrailPay, a risk and data platform for bank payments, has secured $6.7 million in funding to expand its suite of tools that make ACH transactions safer and faster. 1 GrailPay's platform offers predictive analytics and real-time signals across account enrollment, transaction monitoring, and merchant underwriting. Based in New York, the company supports over 10,000 businesses in their efforts to secure bank payments against fraud and operational failures to speed up bank payments. 'Credit cards have seen decades of innovation—fraud tooling, risk engines, analytics,' says Will Messina, CEO and co-founder of GrailPay. 'But the same hasn't happened for bank payments. We're building the modern intelligence layer to unlock the next growth wave of payments tied to a bank account.' He says the company will use the funds to grow its product and engineering teams, expand go-to-market efforts, and bring new capabilities to its risk models.
Finextra
13-06-2025
- Business
- Finextra
GrailPay raises $6.7 million for remdial ACH platform
GrailPay, a risk and data platform for bank payments, has secured $6.7 million in funding to expand its suite of tools that make ACH transactions safer and faster. 1 GrailPay's platform offers predictive analytics and real-time signals across account enrollment, transaction monitoring, and merchant underwriting. Based in New York, the company supports over 10,000 businesses in their efforts to secure bank payments against fraud and operational failures to speed up bank payments. 'Credit cards have seen decades of innovation—fraud tooling, risk engines, analytics,' says Will Messina, CEO and co-founder of GrailPay. 'But the same hasn't happened for bank payments. We're building the modern intelligence layer to unlock the next growth wave of payments tied to a bank account.' He says the company will use the funds to grow its product and engineering teams, expand go-to-market efforts, and bring new capabilities to its risk models.
