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Fintech News for Payments professionals

Plaid becomes Nacha preferred partner

Source: Plaid

Plaid is now a Nacha Preferred Partner for Account Validation. In becoming a Nacha Preferred Partner, Plaid joins a select group of innovators contributing to Nacha’s strategic efforts in support of the payments ecosystem by removing friction, increasing ease, improving cash flow accessibility and efficiency, as well as supporting sound risk management and security for ACH payments.

“Minimizing payments risk and fraud is vitally important, and account validation solutions have a key role to play in that,” said Jane Larimer, Nacha President and CEO. “Improving transaction quality in the payments industry requires a wealth of expertise, and so Nacha is pleased to welcome Plaid as a Nacha Preferred Partner.”

With more than 10 billion transactions analyzed, Plaid adds key insights to the data it provides through its suite of analytics products.

“Plaid strives to improve the world’s financial data network through innovation. We’re excited that Nacha selected us as a Preferred Partner with the capabilities to help merchants and service providers perform account validation,” said Sima Gandhi, Head of Business Development at Plaid. “We aim to help businesses successfully leverage the ACH ecosystem by providing a robust account authentication mechanism with comprehensive coverage and seamless user experiences.” 

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