Phixius Launches Ecosystem For Streamlined Account Validation
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Phixius by Nacha is introduced as a payment information network designed to connect account validation requesters with data responders. It is described as an ecosystem built to offer participants one contract, one API gateway, and access to multiple validation opportunities.
The platform is positioned to support secure and efficient payment information exchanges without the need to store sensitive data in centralized repositories.
Phixius And Kinexys Liink Collaboration Aims To Strengthen Account Validation
In a joint announcement, the companies said their new collaboration would boost account validation coverage across financial institutions, FinTech firms, and corporations.
Phixius, known for operating as a peer-to-peer payment information network, is named as the primary U.S. payment information responder for Kinexys Liink. This connection is expected to allow near real-time validation of domestic bank account data.
Kinexys Liink, which is part of Kinexys by J.P. Morgan, is described as a peer-to-peer, bank-led data-sharing network. Moreover, Phixius participants will gain access to the Confirm application’s global account validation capabilities. This step is expected to strengthen the reach of the Phixius network and give users more validation tools.
Rob Unger, managing director of ACH Network development at Nacha, said customers using Kinexys Liink and Phixius will benefit from validation services based on data from either network.
He added that the partnership would help mitigate payment fraud risks and reduce the number of ACH payment returns, improving trust in electronic transactions.
Gloria Wan, general manager of Kinexys Liink at Kinexys by J.P. Morgan, said the collaboration with Phixius would help extend Kinexys Liink’s presence across more markets. She explained that stronger account validation would help build a more reliable cross-border payment infrastructure, supporting the needs of global businesses.
Phixius is described as a platform launched to improve the way payment information is exchanged, focusing on interoperability and security. Instead of keeping data in a cloud-based storage center, Phixius is designed to let parties move information directly between trusted participants. This method is presented as a safer alternative for handling sensitive financial data.
Nacha, the organization overseeing the ACH Network, reported that ACH payment values continued to rise. Same Day ACH payments also saw strong growth, indicating increased use of faster payment options across different sectors.
In related developments, J.P. Morgan Chase announced the introduction of GBP-denominated Blockchain Deposit Accounts for the Kinexys Digital Payments platform in London.
LSEG Joins New Offering As Kinexys And Nacha Drive Growth In Digital Payments
According to report, the London Stock Exchange Group (LSEG) was among the first to open an account under this new offering. The launch of these accounts is expected to strengthen J.P. Morgan’s position in digital payments and blockchain innovation.
The Kinexys platform is described as having processed over $1.5 trillion in transaction volume, with daily transactions showing steady and rapid growth.
Reports noted that the platform’s Programmable Payments feature, which uses an “if-this-then-that” interface, allows corporate clients to automate treasury operations and better manage their liquidity.
Nacha is described as the national organization responsible for governing the ACH Network, the system that supports safe and fast Direct Deposits and Direct Payments to all U.S. bank and credit union accounts.
Nacha is credited with advancing innovation through the creation of rules, standards, and industry solutions. It also provides education, accreditation programs, and advisory services for payment professionals.
ValidiFI, a leader in predictive bank account and payment intelligence, is introduced as a critical partner for financial institutions. Using the Omni Platform, ValidiFI will empower companies to validate bank accounts, detect potential fraud, and assess credit risks more effectively.
By analyzing connections between bank accounts, consumers, and payment behavior, ValidiFI is positioned as offering a deeper view into financial trustworthiness. Its solutions, both credentialed and non-credentialed, are designed to support more secure and confident transactions across the financial ecosystem.
