Finovate Demo Video Archives

Presenter Profile:

How they describe themselves: Nacha is a nonprofit organization that convenes hundreds of diverse organizations to enhance and enable ACH payments and financial data exchange within the U.S. and across geographies. Through the development of rules, standards, governance, education, advocacy, and in support of innovation, Nacha’s efforts benefit all stakeholders. Nacha is the steward of the ACH Network, a payment system that universally connects all U.S. bank accounts and facilitates the movement of money and information. In 2019, 24.7 billion payments and nearly $56 trillion in value

How they describe their product/innovation: Phixius, developed and operated by Nacha, is a platform that utilizes technology, standardized APIs and rules to enable interoperability for the secure exchange of payment-related information within a trusted network of connected credentialed service providers (CSPs). CSPs connect to Phixius to improve automation and reduce payments fraud in areas of onboarding customer information, invoice requirements, payor authorization and to enhance services for their customers.

Product distribution strategy: Direct to Business (B2B), through financial institutions, licensed

Contacts

Bus. Dev.: George Throckmorton, MD, Nacha & Executive Director, Afinis API Standards, gthrockmorton@nacha.org
Press: Heather McElrath, Sr. Director of Communications, hmcelrath@nacha.org, 703-472-2625