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Phixius by Nacha Partners With ValidiFI to Enhance Account Validation Coverage
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.
“Phixius connects payment validation requestors to responders. This provides the connective tissue to address critical coverage gaps in validating U.S. bank account information,” said Rob Unger, Associate Managing Director of ACH Network Development at Nacha. “The partnership with ValidiFI expands the payment information validation ecosystem that Phixius supports with standardized APIs and rules.”
“As a Nacha Preferred Partner, we are excited to enhance our partnership to support Phixius customers in achieving compliance with the WEB debit account validation rule,” said Greg Rable, CEO of ValidiFI. “This collaboration grants access to our account validation, a valuable component of our predictive bank account and payment intelligence offerings.
This partnership increases the validation sources for Phixius customers to verify bank information to mitigate risk, reduce costs and meet compliance requirements.
Phixius further simplifies business requirements as it anonymizes requests and does not require end-user contracts. Another benefit for Phixius customers is a single contract granting access to multiple endpoints, each delivering standardized responses. This unified approach eliminates the need for multiple agreements and improves operational efficiency for all parties involved.
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