Nacha welcomed VendorInfo as a new Nacha Preferred Partner for Account Validation, Fraud Monitoring, and Risk and Fraud Prevention.
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VendorInfo provides bank account ownership and know-your-business verification solutions as well as self-service portals that allow organizations to automate supplier onboarding and vendor information management, streamline and standardize procedures, and reduce risk. ACH payments are safeguarded by embedding verification and compliance best practices directly into vendor onboarding and data management workflows.
“Nacha is dedicated to enhancing the security of the ACH Network, and vendor onboarding plays a critical role in safeguarding that security,” said Jane Larimer, Nacha President and CEO. “We are pleased to welcome VendorInfo as a Nacha Preferred Partner.”
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“Vendor payments and vendor fraud risk are front-of-mind for corporate treasury and accounts payable teams,” said Phil Binkow, VendorInfo CEO. “We’re excited to join the Nacha Preferred Partner community and to deepen our collaboration with Nacha as we help organizations strengthen controls at the earliest stages of the supplier payment journey. By combining VendorInfo’s verification platform with Nacha’s network expertise, we can raise the bar for payment accuracy and fraud prevention across the ACH ecosystem.”
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Nacha’s Preferred Partner Program is open to any technology solution provider whose offerings align with the Nacha strategy of advancing the ACH Network.
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Source : businesswire