Nacha announced that Relish has become a Nacha Preferred Partner for Account Validation, Fraud Monitoring, and Risk and Fraud Prevention.
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“Reducing credit-push frauds such as business email compromise is a major focus for Nacha and for participants in the ACH Network.”
Relish validates the existence of bank accounts, their ownership and active status in real time, ensuring accurate payments. By confirming funds are directed to the correct, verified account at the point of origination, Relish directly reduces ACH return rates, prevents misdirected payments, and intercepts fraud schemes like business email compromise and vendor impersonation before they reach the ACH Network.
“Reducing credit-push frauds such as business email compromise is a major focus for Nacha and for participants in the ACH Network,” said Jane Larimer, Nacha President and CEO. “Nacha is pleased to welcome Relish as a Nacha Preferred Partner.”
“Becoming a Nacha Preferred Partner signals exactly what our customers already know, that accurate, real-time bank account validation isn’t a nice-to-have, it’s a financial controls requirement,” said Ryan Walicki, Relish CEO. “As a Nacha Preferred Partner, Relish is positioned to help enterprises meet evolving ACH compliance demands before they become a liability.”
Nacha’s Preferred Partner Program is open to any technology solution provider whose offerings align with the Nacha strategy of advancing the ACH Network.
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