Search Results for: Nacha

BofA Launches Account Validation To Assist Clients With Fraud Prevention
Banking Digital Payments Fintech News

BofA Launches Account Validation To Assist Clients With Fraud Prevention

Fintech News Desk
Solution Supports Corporate and Public Sector Clients Making Payments In The U.S. Bank of America announced the launch of Account Validation, a fraud prevention service for corporate and public sector clients. Prior to initiating an electronic credit or debit payment, a client using Account Validation, can verify the status of......
ACH Network Volume Up 7.7% in Third Quarter; Strong B2B Growth Continues as Healthcare Claims Pass 100 Million Mark
B2B Digital Payments News

ACH Network Volume Up 7.7% in Third Quarter; Strong B2B Growth Continues as Healthcare Claims Pass 100 Million Mark

Fintech News Desk
With business-to-business (B2B) showing particularly strong growth, and healthcare claim payments setting a record, the modern ACH Network recorded a 7.7% increase in payment volume during the third quarter of 2021. There were 7.3 billion payments on the ACH Network in the third quarter, 520 million more than a year......
Sila Smart Risk Management Translates into Instant ACH for Customers
Digital Payments Fintech News Risk Management

Sila Smart Risk Management Translates into Instant ACH for Customers

Fintech News Desk
Sila Inc., a fintech software platform that provides payment infrastructure as a service, announced that it has rolled out Instant ACH, a new service that uses state-of-the-art risk management to avail customers of funds from ACH debit transactions instantly. After passing a risk analysis, funds are immediately available to the......
Silicon Valley Bank and Plaid Partner to Provide Secure and Efficient Tokenized Payment Solutions
Digital Digital Payments Finance Fintech News

Silicon Valley Bank and Plaid Partner to Provide Secure and Efficient Tokenized Payment Solutions

Fintech News Desk
Integration facilitates instant account authentication and payments directly through SVB and Plaid Silicon Valley Bank, the bank of the world’s most innovative companies and their investors, and Plaid, a data network powering the digital financial ecosystem, announced a partnership to allow clients to instantly authenticate bank account information with Plaid and......
Sila Secures $13 Million in Series A Funding Led by Revolution Ventures
Digital Asset Management Digital Payments Fintech News

Sila Secures $13 Million in Series A Funding Led by Revolution Ventures

Fintech News Desk
Hundreds of new customers chose Sila Money API in the last 18 months Sila, an API platform that provides payment infrastructure as a service while ensuring regulatory compliance, announced $13M in Series A funding led by Revolution Ventures, bringing total funding to over $20M. Existing investors, Madrona Venture Group, Oregon Venture Fund,......
LendKey Appoints Joe Proto to its Board of Directors
Banking Fintech News

LendKey Appoints Joe Proto to its Board of Directors

Fintech News Desk
Company grows Board of Directors in concert with new banking-as-a-service innovations, lending momentum, and strong first-half financial performance LendKey, the fintech company on a mission to make lending simpler, announced the appointment of Joe Proto, EVP Senior Advisor at Mastercard, to its Board of Directors. Proto currently serves on LendKey’s......
Leading Commerce Technology Company FortisPay Adds Industry Vets to C-Suite
Digital Payments Featured News

Leading Commerce Technology Company FortisPay Adds Industry Vets to C-Suite

Fintech News Desk
Newly hired executives will help company continue its rapid growth Fortis Payment Systems, LLC (FortisPay), a payment technology leader for businesses, independent software vendors (ISVs), and developers, announced the addition of three new top executives to lead the company’s continued growth  and expansion into new markets. The leadership team will......
Fast-Growing Fintech Company, Finexio, Announces Appointment of Joe Proto to Board of Directors
B2B Fintech News

Fast-Growing Fintech Company, Finexio, Announces Appointment of Joe Proto to Board of Directors

Fintech News Desk
Amidst growing investor sentiment and exponential growth, Finexio announces Joe Proto, EVP Senior Advisor at Mastercard, as the latest in a string of distinguished fintech executives to align themselves with the AP Payments as a Service company Orlando-based “AP Payments as a Service” company Finexio announced the appointment of Joe Proto, EVP......
ACH Network Prepared to Deliver Economic Impact Payments to Americans Via Direct Deposit
Banking Digital Payments News

ACH Network Prepared to Deliver Economic Impact Payments to Americans Via Direct Deposit

Fintech News Desk
Statement from Nacha, the Administrator of the ACH Network, on the Passage of the American Rescue Plan Act President Biden has signed into law the American Rescue Plan Act, which provides for direct payments to many Americans. These payments will largely be delivered electronically by Direct Deposit over the ACH......
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