Nacha: Announces First Live Transactions on the Phixius Platform

Must read

Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.
  • Phixius, developed and operated by Nacha, is a platform that utilizes technology, standardized APIs
  • Nacha is a nonprofit organization that convenes hundreds of diverse organizations to enhance and enable ACH payments and financial data exchange
  • Nacha announces that Phixius, a new platform that facilitates the trusted exchange of payment information is live
  • Nacha’s holistic and in-depth understanding of businesses’ payment and data challenges led to the development of Phixius
  • Phixius provides interoperability between vetted participants who connect directly to the platform in order to more securely exchange data
  • Transactions occur via standardized open APIs developed by Afinis Interoperability Standards and ISO20022
- Advertisement -
Exit mobile version