-

Nacha Announces Visa as Preferred Partner

RESTON, Va.--(BUSINESS WIRE)--Nacha announced that Visa, a world leader in digital payments, has joined its Preferred Partner Program for ACH Experience, Open Banking and Account Validation.

Through Tink, an open banking platform acquired by Visa in 2022, Visa combines the power of its payments and open banking expertise to build innovative products that optimize ACH payment experiences, making it easier for users to connect accounts and provide trusted parties with access to their financial data. Once consumer-permissioned data is integrated, account and balance details can be instantly verified to facilitate faster ACH payment set-up and more seamless payment flows.

“We are pleased to welcome Visa as a Nacha Preferred Partner,” said Jane Larimer, President and CEO of Nacha. “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.”

“We’re delighted to expand our relationship with Nacha as a Preferred Partner,” said Haley Nusbaum, Head of U.S. Open Banking, Visa. “With Visa Open Banking Solutions, we’re empowering consumers to take control of their financial data. At the same time, we’re helping financial institutions, fintechs, and merchants verify customer account information, reducing the risk of payment fraud and making the ACH payment experiences simpler, more reliable, and secure.”

Nacha’s Preferred Partner Program recognizes organizations that contribute to advancing the ACH Network. Learn more about Nacha’s growing community of Preferred Partners by visiting 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 31.5 billion ACH Network payments made in 2023, valued at $80.1 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.

Contacts

Dan Roth
Nacha
571-579-0720
media@nacha.org

Nacha


Release Versions

Contacts

Dan Roth
Nacha
571-579-0720
media@nacha.org

More News From Nacha

Nacha’s Payments Innovation Alliance Advances Quantum-Safe Payments Education for World Quantum Day

RESTON, Va.--(BUSINESS WIRE)--In support of World Quantum Day, Nacha’s Payments Innovation Alliance is expanding its leadership on quantum-safe payments with the launch of a new educational blog series from industry experts designed to help the payments ecosystem move from awareness to action. The blog series builds on the Alliance’s foundational paper, “Protecting Payments in the Quantum Era: Setting a Course for Action,” which outlines how quantum computing could impact today’s cryptographic...

Bottomline Now a Nacha Preferred Partner for ACH Experience, Open Banking, and Risk and Fraud Prevention

RESTON, Va.--(BUSINESS WIRE)--Nacha announced today that Bottomline has become a Nacha Preferred Partner for ACH Experience, Open Banking, and Risk and Fraud Prevention. Bottomline builds secure and resilient payment technologies which help banks and businesses move money safely and without friction. Bottomline's solutions monitor ACH transactions in real time to spot behavior that falls outside of normal patterns. This helps customers stop suspicious activity before funds are released. “A long...

Nacha Announces Walrus Security as a Preferred Partner for Account Validation, Fraud Monitoring, and Risk and Fraud Prevention

RESTON, Va.--(BUSINESS WIRE)--Nacha today welcomed Walrus Security as a Nacha Preferred Partner for Account Validation, Fraud Monitoring, and Risk and Fraud Prevention. Walrus Security's DoubleCheck platform verifies the authenticity of ACH payment details before the payments are released. When payment instructions are created or changed, DoubleCheck confirms those details with the counterparty using identity verification based on multiple signals, establishing an independent control over benef...
Back to Newsroom