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Phixius by Nacha Partners With ValidiFI to Enhance Account Validation Coverage

Fintech Finance

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.

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Nacha Provides Guidance On Voice Payments, Cybersecurity

PYMNTS

Kimber Johnson , executive vice president of strategic alliances at GIACT , the Texas-based fraud detector, told PYMNTS that account validation is increasingly important as eCommerce continues to move online. She noted that verifications can also utilize information tied to payment history.

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B2B Innovators Explore The New Payment Rail Combinations

PYMNTS

Dubbed the ACH Rules for Corporates Resource Center, the program allows corporate end-users to seamlessly access information surrounding Nacha Operating Rules and updates, including expansion of Same Day ACH hours and any upcoming changes to those operating rules.

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ACH Fraud Is Rising - And New NACHA Measure Leaves Gaps

FICO

In response to a rise in fraudulent activity targeting ACH and other electronic transactions, the WEB Debit Account Validation Rule was put into effect by NACHA on March 19, 2021. The supplemental requirement applies to the first use of an account number or changes to the account number. Source: NACHA. Here’s why.

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Treasury And Risk Management, Clearly, In The Clouds

PYMNTS

We developed our TMS to be easy to navigate and organized by function so the user is able to get up and running with Kyriba or can create custom workflows based on their needs. Kyriba is developing a bank account validation solution that will solve this problem.