Nacha welcomes Nivelo to its growing list of partners– including Visa – who have signed up as an early adopter of Phixius, a payment-information exchange platform that helps organizations more securely share and manage electronic payments information. (Related release.)
Nacha’s holistic and in-depth understanding of businesses’ payment and data challenges led to the development of Phixius, which was designed to improve interoperability, standardization and automation while reducing fraud. Phixius does this through a network of credentialed financial institutions and payment service providers (known as Credentialed Service Providers or CSPs), standardized open APIs (application programming interfaces), streamlined authorization and audit capabilities, and secured information exchange channels.
“We welcome Nivelo as an early adopter. They share Nacha’s commitment to creating solutions that improve the digital payment experience for businesses. We are excited Nivelo will begin to leverage Phixius to enable important data services for businesses paying employees,” said George Throckmorton Nacha Managing Director and Executive Director of Afinis API Standards.
“We are excited to be a Phixius early adopter,” said Eli Polanco, founder and CEO Nivelo, a digital payment security company. “Nivelo is on a mission to add needed risk infrastructure in the digital payment space and launched its Real-Time Risk Scoring API to protect payments from fraud. Partnering with Phixius will add new layers of risk visibility into the fraud detection algorithms that power our API service.”
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