In a significant move to strengthen payment security, Nacha has partnered with JPMorgan’s blockchain-based Kinexys Liink to integrate their account validation networks. The collaboration connects Nacha’s Phixius payment information platform with Kinexys Liink’s global data-sharing network, creating a more robust validation ecosystem for financial institutions and businesses.
Key Integration Benefits:
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Phixius becomes Kinexys Liink’s primary U.S. payment data responder, enabling near real-time domestic account validation
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Kinexys Liink’s Confirm tool expands Phixius’ reach with global account verification capabilities
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Unified access reduces fraud risks and minimizes ACH payment returns through enhanced data accuracy
The partnership addresses critical pain points in payment processing, where incomplete or inaccurate account details often lead to failed transactions and increased fraud. By bridging Phixius’ U.S.-focused network with Kinexys Liink’s international infrastructure, the alliance offers financial institutions a seamless way to validate accounts across borders.
Industry Impact:
Rob Unger, Nacha’s Managing Director of ACH Network Development, emphasized the collaboration’s value: “This integration allows customers from both networks to leverage expanded validation services, significantly reducing payment risks.”
Gloria Wan, General Manager of Kinexys Liink, highlighted the global potential: “Partnering with Phixius accelerates our mission to strengthen account validation and cross-border payment efficiency worldwide.”
The move comes as real-time payments gain traction, with accurate account validation becoming increasingly vital for secure transactions. Financial institutions, fintechs, and corporations can now access a more comprehensive validation framework, combining Nacha’s deep U.S. payment expertise with JPMorgan’s blockchain-powered global network.