Phixius by Nacha Announces Collaboration with Kinexys by J.P. Morgan to Enhance Account Validation Capabilities
Phixius by Nacha Announces Collaboration with Kinexys by J.P. Morgan to Enhance Account Validation Capabilities
Phixius by Nacha (Phixius) — a secure, peer-to-peer payment information network— today announces a strategic collaboration with Kinexys Liink, the world’s first bank-led peer-to-peer data sharing network, part of Kinexys by J.P. Morgan. This collaboration establishes information exchanges between the two payment information networks, enhancing account validation coverage for financial institutions, fintechs and corporations.
As part of the symbiotic relationship, Phixius will serve as Kinexys Liink’s key U.S. payment information network Responder, enabling near real-time validation of domestic bank account data. In turn, Phixius participants will gain access to Kinexys Liink application Confirm’s global account validation capabilities, expanding the reach and utility of the Phixius network.
“Phixius’ collaboration with Kinexys Liink offers a unique opportunity to facilitate collaboration across respective networks,” said Rob Unger, Managing Director of ACH Network Development at Nacha. “Kinexys Liink and Phixius customers can benefit by validation services using data provided by either network, helping to mitigate payment fraud and reduce potential ACH returns.”