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Nacha has announced that Phixius, which facilitates the trusted exchange of payment information, has officially gone live, according to a press release. The release says Phixius has also officially completed its first information exchange transaction between two parties.
Phixius by Nacha —a trusted, secure, peer-to-peer payment information network—announced today its partnership with ValidiFI , a leading provider of predictive bank account and payment intelligence. This collaboration will expand on Phixius’ current account validation coverage, leading to fewer returns and improving ACH payment quality.
The Australian Competition and Consumer Commission (ACCC) has now formally released the Consumer Data Right (CDR) rules that will set the stage for Open Banking in the country, which will take effect on July 1 of this year. Open Banking frameworks continue to proliferate throughout the world.
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