Phixius by Nacha Announces Strategic Collaboration With Kinexys by J.P. Morgan to Enhance Account Validation RESTON, Va. -- Phixius by Nacha (Phixius), a secure peer-to-peer payment information network, has announced a strategic collaboration with Kinexys Liink, the first bank-led peer-to-peer data sharing network developed by Kinexys by J.P. Morgan. This partnership aims to enhance account validation services, providing greater coverage and reliability for financial institutions, fintech companies, and corporations. Under this collaborative arrangement, Phixius will act as Kinexys Liink's primary U.S. payment information network responder. This role will enable Phixius to offer near real-time validation of domestic bank account data. Conversely, Phixius participants will gain access to Kinexys Liink's global account validation capabilities, thereby broadening the scope and utility of Phixius' services. "Phixius' collaboration with Kinexys Liink represents a significant step towards fostering greater cooperation between our respective networks," stated Rob Unger, Managing Director of ACH Network Development at Nacha. "By leveraging the data from both networks, we can help mitigate payment fraud and reduce potential ACH returns, providing more reliable and secure transactions for our customers." Gloria Wan, General Manager of Kinexys Liink at Kinexys by J.P. Morgan, echoed this sentiment. "We are dedicated to enhancing secure, efficient data connectivity to tackle industry challenges and seize new opportunities for innovation," she said. "Partnering with Phixius by Nacha allows us to expand the global reach of Kinexys Liink, further solidifying the account validation and cross-border payment infrastructure worldwide." Kinexys by J.P. Morgan is a blockchain-focused business unit that develops scalable solutions in collaboration with clients and builds ecosystems to transform traditional business models. The Kinexys Liink network is designed to facilitate smooth and secure payment-related information exchange, regardless of the payment rail used. It maintains the three crucial aspects of information sharing: sovereignty, security, and privacy. The Confirm application, a part of the Kinexys Liink suite, enables nearly instantaneous global verification of bank account ownership, status, and transaction details. This service helps reduce payment errors, lower fraud risks, and improve operational efficiency in international transactions. Nacha, the organization behind Phixius, oversees the ACH Network, a critical payment system that facilitates safe, efficient, and rapid Direct Deposits and Direct Payments to all U.S. bank and credit union accounts. The ACH Network processed an impressive 33.6 billion payments in 2024, totaling $86.2 trillion. Nacha's approach involves solving problems and building consensus among various payment industry stakeholders to promote innovation and interoperability. The organization is responsible for developing rules and standards, offering industry solutions, and providing education, accreditation, and advisory services. This strategic alliance between Phixius by Nacha and Kinexys by J.P. Morgan underscores a commitment to advancing the robustness and security of payment systems on a global scale. By combining their expertise and resources, both organizations aim to create a more resilient and efficient environment for financial transactions, ultimately benefiting businesses and consumers alike.