Finicity, a Mastercard company, is now a Nacha Preferred Partner for Account Validation through Finicity Pay, an integrated solution set of Finicity’s open banking platform.
In becoming a Preferred Partner, Finicity joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network.
The program is open to technology and solution providers that:
- Facilitate efficiencies in the use of ACH information and messaging formats and standards;
- Improve ACH risk management and transaction quality that is conducive to ongoing innovation in the ACH Network; and
- Conduct business according to the highest standards.
“We welcome Finicity to our Preferred Partner program,” said Nacha President and CEO Jane Larimer. “Each partner plays an important role in keeping the ACH Network strong and secure.”
“By putting consumers in control of their financial data, Finicity’s trusted open banking platform transforms the way people experience money,” said Steve Smith, CEO and Co-founder of Finicity. “One of our ultimate goals is to empower consumers by helping them meet their digital payment needs. We are excited to be a Nacha Preferred Partner and work together to advance the ACH Network through innovative payment solutions.”
“Finicity verifies account details to help mitigate fraud, maximizes confidence in the accuracy of payment transactions, and transforms the user experience to meet or exceed the high expectations of today’s digital consumers,” said Lisa Kimball, SVP Product and Strategic Programs. “Our consumer-permissioned data privacy model for digital ACH transactions, allows for stronger anti-fraud controls and greater consumer empowerment to help clients achieve commercially reasonable account validation.”