Business payments company Bill.com received NACHA certification as an ACH third-party sender today. While the certification is voluntary, it indicates that Bill.com is meeting standards, such as corporate governance and risk and compliance obligations, for ACH payment processing.
NACHA Chief Operating Officer and General Counsel Jane Larimer praised Bill.com’s achievement saying, “NACHA certification is a clear indication of Bill.com’s adherence to sound ACH practices and policies.” René Lacerte, founder and CEO of Bill.com added, “it’s important that our clients and partners know that we are committed to the highest quality ACH processing as demonstrated by achieving NACHA Certification.”
Bill.com was founded in 2006 to help businesses manage accounts payables and receivables with online billpay, custom invoicing, document storage, collaboration tools, and more. At FinovateSpring 2012, Lacerte debuted the company’s CashView tools. Since then, Bill.com has grown to process more than $60 billion each year for its network of three million members.
Bill.com is partnered with four of the top 10 largest U.S. banks, 60+ of the top 100 accounting firms, as well as accounting software providers such as Netsuite, Intacct, QuickBooks and Xero. The company has taken in more than $200 million in funding from investors including JP Morgan Chase and Temasek.