Nacha Announces Accelitas as a Preferred Partner for ACH Account Validation

HERNDON, Va., April 14, 2021 /PRNewswire-PRWeb/ -- Accelitas is now a Nacha Preferred Partner for ACH Account Validation.

As a Preferred Partner, Accelitas is a part of a select group of innovators that Nacha recognizes for offering products and services that align with Nacha's core strategies to advance the ACH Network.

"Nacha is continually advancing and modernizing the ACH Network, while improving safety and security – and account validation is one method available for the industry to do their part," said Nacha President and CEO Jane Larimer. "It's also one reason why we welcome Accelitas as a Preferred Partner."

Accelitas helps companies reimagine financial access through the transformative power of data. Their expertise in AI-powered analytics and alternative data delivers fast, fair and frictionless ways to grow business with confidence. They offer real-time ACH validation solutions for low-cost account validation checks and more extensive account screening for loans and other high-value transactions.

Additionally, Accelitas offers automated reconciliation of payments, which allows organizations to lower costs. By removing bottlenecks and mistakes associated with traditional manual payment reconciliations, the automated reconciliation solution reduces friction, scales programs, opens new revenue opportunities, and lowers costs across a range of industries.

"Commerce moves at the speed of now, yet many companies rely on manual processes that limit revenue and invite fraud," says Accelitas CEO Greg Cote. "Our real-time account validation services confirm accounts in seconds inviting more growth,and less friction, without the use of online banking credentials. We are proud to be a Nacha Preferred Partner and are looking forward to working with complementary organizations to facilitate efficiencies and innovation across the ACH Network."

Learn more about Nacha's growing community of Preferred Partners and how they can support your use of ACH payments. For more information, visit: http://www.nacha.org/Preferred-Partner.

About Nacha

Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. Nearly 27 billion ACH Network payments were made in 2020, valued at close to $62 trillion. Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services.

About Accelitas

Accelitas® is reimagining financial access through the transformative power of data. Our unique expertise in AI-powered data analytics delivers fast, fair and frictionless ways to help businesses grow, including the Accelerated Insight® Platform, featuring real-time web services that seamlessly confirm identity, predict credit, streamline data reconciliation and enable payments.

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Media Contact

Heather, Nacha, 7034722625, [email protected]

SOURCE Nacha