Nacha, the organization governing the ACH Network, has designated VendorInfo as a new Preferred Partner, focusing on solutions for account validation, fraud monitoring, and risk prevention.
VendorInfo provides verification solutions for bank account ownership and know-your-business processes. The company also offers self-service portals designed to automate supplier onboarding and vendor information management. These tools aim to streamline procedures and reduce risk by integrating verification and compliance best practices into vendor onboarding and data management workflows, thereby safeguarding ACH payments.
Jane Larimer, President and CEO of Nacha, commented on the partnership, stating, “Nacha is dedicated to enhancing the security of the ACH Network, and vendor onboarding plays a critical role in safeguarding that security. We are pleased to welcome VendorInfo as a Nacha Preferred Partner.”
Phil Binkow, CEO of VendorInfo, highlighted the relevance for corporate treasury and accounts payable teams. “Vendor payments and vendor fraud risk are front-of-mind for corporate treasury and accounts payable teams,” Binkow said. “We’re excited to join the Nacha Preferred Partner community and to deepen our collaboration with Nacha as we help organizations strengthen controls at the earliest stages of the supplier payment journey. By combining VendorInfo’s verification platform with Nacha’s network expertise, we can raise the bar for payment accuracy and fraud prevention across the ACH ecosystem.”
The Nacha Preferred Partner Program is open to technology solution providers whose offerings align with Nacha’s strategy for advancing the ACH Network.
Nacha oversees the ACH Network, a payment system facilitating Direct Deposits and Direct Payments for all U.
S. bank and credit union accounts. In 2024, the ACH Network processed 33.6 billion payments, totaling $86.2 trillion. Nacha contributes to the payments system through problem-solving and consensus-building among industry stakeholders, developing rules and standards, providing industry solutions, and offering education, accreditation, and advisory services.
VendorInfo assists organizations in securely onboarding suppliers, validating bank account ownership, and protecting against payment fraud. The company’s objective is to ensure payments are directed to the correct entity and account, thereby providing finance teams with confidence in vendor data, strengthening internal controls, and mitigating operational risk. VendorInfo utilizes intelligent automation and expert support to facilitate faster, safer, and compliant vendor data management for enterprises across various industries.
