Nacha Unveils Four New Preferred Partner Categories

Author

Slice of Finance Team
09 Aug

Key Highlights:

  • Nacha introduces four new categories: Account Validation, Fraud Monitoring, ISO 20022, and Open Banking.

  • New categories recognize ways ACH is strengthened and utilized.

  • Stephanie Prebish highlights the evolution of Nacha’s offerings to meet ACH community needs.

  • Nacha Preferred Partners align with core strategies to advance the modern ACH Network.

  • Total of seven categories now available for organizations to showcase their leadership in ACH.

Source (Business Wire)

Notable Quote:

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"Our Nacha Preferred Partner offerings are evolving to help meet the needs and challenges facing participants in the ACH community. These new categories identify and recognize the ways ACH is strengthened and utilized."

Stephanie Prebish, AAP, APRP, CTP, Senior Managing Director, Association Services at Nacha

Our Take:

Nacha’s expansion of the Preferred Partner categories marks a significant step in fortifying the ACH Network’s infrastructure and service capabilities. By introducing Account Validation, Fraud Monitoring, ISO 20022, and Open Banking, Nacha is addressing critical areas that enhance transaction accuracy, security, and interoperability. This strategic evolution not only broadens the scope for existing partners but also paves the way for new organizations to contribute to the network’s growth and resilience. The continued focus on innovation and collaboration within the ACH community underscores Nacha’s commitment to fostering a robust and adaptable payment system.