Payments Dive
FEBRUARY 12, 2020
In 2018 alone, ACH network volume reached nearly 23 billion payments –70 payments per person in the U.S. In the 12 months ending February 2019, payment volume across the ACH network increased 7.2%, reaching over 100 million ACH payments per banking day, a first for the ACH network.
Payment Savvy
AUGUST 4, 2020
This accounts for close to 82% of all U.S NACHA worries this high volume of transactions on the ACH network opens the way for fraud. As such, they are pushing for more robust controls against fraud, and one of them is this new rule that requires account validation. Account Validation Approaches.
Fintech Finance
AUGUST 7, 2024
Nacha announced that Visa , a world leader in digital payments, has joined its Preferred Partner Program for ACH Experience, Open Banking and Account Validation. Nacha’s Preferred Partners’ commitment to innovation and security aligns with Nacha’s mission to enhance the ACH Network, ensuring these payments are fast and secure.”
PYMNTS
MAY 10, 2019
In a new PYMNTS interview, David Barnhardt, executive vice president of product at GIACT , which offers fraud detection and account validation tools, talks about an upcoming change by NACHA, national administrator of the ACH network, to make internet-initiated debit transactions (WEB debits) safer and more seamless.
PYMNTS
DECEMBER 3, 2020
Nacha is rolling out a new resource center designed to help corporates embrace the ACH Network.
Fintech Finance
MAY 7, 2024
This collaboration will expand on Phixius’ current account validation coverage, leading to fewer returns and improving ACH payment quality. “Phixius connects payment validation requestors to responders. This provides the connective tissue to address critical coverage gaps in validating U.S.
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