ACH Account Validation Drives Significant Payment Cost Reductions

ACH account validation is a compliance requirement in some ACH payment use cases. More importantly, account validation can drive significant reduction in ACH returns and related costs. During this webinar, attendees will learn more about account validation best practices to drive payment efficiencies. Speakers will present a case study with Aliaswire, a fintech company supporting leading financial institutions with B2B and B2C bill pay capabilities.  

Aliaswire leverages Phixius by Nacha, a peer-to-peer network for obtaining and validating payment-related information, to provide instant account validation to its clients. Prior to integrating with Phixius, return rates were a significant issue for Aliaswire clients due to incorrect or occasionally problematic account information.  After implementing Phixius, administrative return rates dropped 20% to 25% on average for their clients. Speakers will also discuss ACH return rules, as well as industry trends. 

Speakers: 

Joseph Fitzpatrick, President and Chief Revenue Officer, MicroBilt Corporation 

Nirmal Kumar, Chief Product Officer, Aliaswire  

Amy Morris, Senior Director, ACH Network Rules, Nacha 

Moderator - Robert Unger, Associate Managing Director, ACH Network Development, Nacha  

*This recording is not eligible for continuing education credits.

Tag(s): ACH, Phixius, Account Validation