Nacha Announces LexAlign as a Preferred Partner for Compliance and Risk Management RESTON, Va.--(BUSINESS WIRE)--Nacha, the organization that governs the ACH Network, has announced LexAlign PBC as a new Preferred Partner for Compliance and Risk and Fraud Prevention. LexAlign’s platform is designed to automate the compliance audit process, thereby helping banks and their originators mitigate exposure to payments fraud and adhere to Nacha Rules and applicable laws. Jane Larimer, President and CEO of Nacha, emphasized the importance of this partnership: "Nacha remains committed to robust risk management and combating fraud to ensure the ACH Network remains a secure and reliable system. We are excited to welcome LexAlign as our latest Preferred Partner." Trevor Lain, Founder and CEO of LexAlign, highlighted the increasing threat of credit-push fraud, which has drawn significant attention to the security and compliance of originators. "Fraudsters often exploit vulnerabilities in originator operations, and LexAlign was created to strengthen this frontline. Our platform empowers originator security and compliance, providing banks with data and scoring mechanisms for proactive risk management on a large scale," he explained. "We are honored to join Nacha’s Preferred Partner Program and collaborate with banks to implement the new Risk Management Framework for the Era of Credit-Push Fraud." Nacha’s Preferred Partner Program is available to technology solution providers whose products align with the organization's strategy to advance the ACH Network. For additional details about the program, interested parties can visit Nacha’s Preferred Partner page. About Nacha Nacha oversees the ACH Network, a payment system that facilitates safe, efficient, and rapid Direct Deposits and Direct Payments, reaching every U.S. bank and credit union account. In 2024, the network processed 33.6 billion payments, valued at $86.2 trillion. Nacha drives innovation and interoperability in the payments industry by solving problems and building consensus among various stakeholders. The organization is responsible for developing rules and standards, offering industry solutions, and providing education, accreditation, and advisory services. About LexAlign Based in Austin, Texas, LexAlign aims to streamline security and compliance audits for remote deposit, ACH, and wire transfers. Their platform not only enhances customer security and compliance but also helps banks prevent fraud and reduce related liabilities. By ensuring adherence to federal laws, regulations, FFIEC guidance, and the Nacha Rules, LexAlign simplifies the audit process, enabling both banks and their clients to manage risk effectively and meet necessary legal and regulatory standards. For more information, visit lexalign.com.