NACHA Announces MicroBilt as a Preferred Partner for Bank Account Verification
HERNDON, Va. (PRWEB) May 01, 2019 -- MicroBilt is a new NACHA Preferred Partner for Bank Account Verification. NACHA Preferred Partners are a select group of innovators that contribute 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. MicroBilt was selected as a Preferred Partner because of its proven service that provides accurate and timely verification of bank account information, enabling businesses to reduce risk and improve transaction quality.
“Account validation is an important tool for businesses that originate ACH transactions,” said Jane Larimer, chief operating officer of NACHA. “Fast and accurate account validation enables businesses to better understand their customers, providing for a more positive customer experience, while reducing the number of returned transactions. Organizations like MicroBilt that offer these services to businesses help reduce risk and improve the overall quality of transactions, making for an improved transactional experience for all payments participants.”
At its core, MicroBilt helps businesses assess and manage risk. Its Risk Verification Database (RVD) is one of the many services it offers that provide businesses with the tools to better manage risk. With RVD, businesses can verify key account details, determine return history, and more. With these details, businesses can make more informed decisions about customers and transactions to facilitate a better payments process.
“Our account validation platform, Risk Verification Database, incorporates the latest technologies to provide businesses with a quick and accurate understanding of the risk profile of their customers,” said Dave King, senior vice president, strategic development at MicroBilt. “With a database of more than 1.5 billion account records, we have one of the most robust account validation offerings in the industry. Banks, credit unions and businesses are looking for the fastest, easiest and most comprehensive path for account validation to help manage and reduce risk, and they’ll find that using our Risk Verification Database provides them an indispensable advantage.”
MicroBilt, as the Preferred Partner for Bank Account Verification, joins a growing list of NACHA Preferred Partners working to better support the payments ecosystem, including:
• AeroPay Express for B2B Electronic Payment Enablement;
• Alacriti for Electronic Bill Presentment and Payments;
• Bottomline Technologies for B2B Payments;
• Finastra for Enabling Innovation in Payments;
• Fiserv for Payments and Financial Services;
• High Radius for Cash Application Automation;
• MACH1 for ACH Enablement of Micro Businesses;
• Transactis for API Enablement of Electronic Bill Payments;
• Treasury Software for ACH Enablement and Integration;
• SWBC for ACH Facilitated Lending Services; and
• Volante for Payments as a Service.
To learn more about MicroBilt and NACHA’s Preferred Partner Program, visit http://www.nacha.org/Preferred-Partner.
About NACHA
NACHA is a nonprofit organization that convenes hundreds of diverse organizations to enhance and enable ACH payments and financial data exchange within the U.S. and across geographies. Through the development of rules, standards, governance, education, advocacy, and in support of innovation, NACHA’s efforts benefit all stakeholders. NACHA is the steward of the ACH Network, a payment system that universally connects all U.S. bank accounts and facilitates the movement of money and information. In 2018, there were 27 billion ACH payments, and more than $51 trillion in value moved across the ACH Network. NACHA also leads groups focused on API standardization and B2B payment enablement. Visit nacha.org for more information, and connect with us on LinkedIn, Twitter, Facebook and YouTube.
About MicroBilt
MicroBilt is a Credit Reporting Agency (CRA) and has been a pioneer in consumer data and risk management services for nearly 40 years. Delivered through secure APIs and powerful web portals, the company provides a broad array of traditional and proprietary alternative credit data enabling companies and consumers to do business where they couldn't before. Backed by an exceptional service team, MicroBilt is committed to providing solutions that connect companies to the customers who want to do business with them.
Kendra Beasley, NACHA, +1 (703) 561-3923, [email protected]
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