Breaking News
Phixius by Nacha Announces Collaboration With Kinexys by J.P. Morgan to Enhance Account Validation Capabilities
Phixius by Nacha (Phixius) — a secure, peer-to-peer payment information network — announced a strategic collaboration with Kinexys Liink, the world’s first bank-led peer-to-peer data sharing network, part of Kinexys by J.P. Morgan. This collaboration establishes information exchanges between the two payment information networks, enhancing account validation coverage for financial institutions, fintechs and corporations.
As part of the symbiotic relationship, Phixius will serve as Kinexys Liink’s key U.S. payment information network Responder, enabling near real-time validation of domestic bank account data. In turn, Phixius participants will gain access to Kinexys Liink application Confirm’s global account validation capabilities, expanding the reach and utility of the Phixius network.
“Phixius’ collaboration with Kinexys Liink offers a unique opportunity to facilitate collaboration across respective networks,” said Rob Unger, Managing Director of ACH Network Development at Nacha. “Kinexys Liink and Phixius customers can benefit by validation services using data provided by either network, helping to mitigate payment fraud and reduce potential ACH returns.”
“We are committed to enhancing the provision of secure, efficient data connectivity to address industry challenges and innovation opportunities,” said Gloria Wan, General Manager, Kinexys Liink at Kinexys by J.P. Morgan. “Through the collaboration with Phixius by Nacha, we look forward to expanding the reach of Kinexys Liink to further strengthen account validation and cross-border payment infrastructure globally.”
Kinexys by J.P. Morgan, the firm’s blockchain business unit, builds scalable solutions alongside clients and creates ecosystems that could reimagine traditional business models to transform the way information, money and assets move. Kinexys Liink established the payment rail-agnostic, blockchain-based information exchange network designed to facilitate frictionless and secure payment-related information exchange while maintaining the three fundamental properties of information sharing: sovereignty, security and privacy.
Through its Confirm application, Kinexys Liink enables near real-time global validation of bank account ownership, status and transactions, helping reduce payment errors, mitigate fraud risk and improve operational efficiency in international payments.
- The European Central Bank Selects Almaviva and Fabrick for Digital Euro Project Read more
- EXCLUSIVE: “The Advantage of Ancient Errors” – Tony Fish in ‘Discover Sibos 2025’ Read more
- EXCLUSIVE: “Game Changer” – Andy Lyons, Freemarket in ‘The Fintech Magazine’ Read more
- Binance Launches The Blockchain 100 Award to Honor Top Creators Driving Blockchain Innovation Read more
- MAPFRE AM Appoints Ismael García Puente as the New Deputy Director of Investment Strategy Read more