Bottomline chosen by Nacha to support ACH payments and Open Banking

Source: Nacha

Nacha announced that Bottomline has become a Nacha preferred partner for ACH (automated clearing house) experience, Open Banking, and risk and fraud prevention.

Bottomline builds secure and resilient payment technologies which help banks and businesses move money safely and without friction. Bottomline’s solutions monitor ACH transactions in real time to spot behaviour that falls outside of normal patterns. This helps customers stop suspicious activity before funds are released.

“A long-time focus for Nacha has been on moving businesses to secure, dependable ACH and away from checks, while also making the ACH network even safer for all participants,” said Jane Larimer, Nacha president and chief executive officer.

“Nacha is pleased to welcome Bottomline as a preferred partner for ACH experience, Open Banking, and risk and fraud prevention.”

“Customers depend on our business payments, digital banking, and fraud prevention technology to keep their operations running smoothly,” said Gareth Priest, chief product officer at Bottomline.

“Becoming a Nacha preferred partner reinforces our commitment to helping banks and businesses manage ACH payments with confidence, while working alongside Nacha and other industry experts to support continued progress across the ACH Network.”

Nacha’s preferred partners are organizations that offer products and services that advance the ACH Network through their demonstrated leadership and innovation.