Payrix is continuously enhancing our technology and services to stay compliant with mandatory changes in regulations and create seamless experiences for you and your customers.

 

We’re happy to announce we're now offering improved fraud prevention tools to validate bank accounts for merchant boarding, existing accounts and ACH transactions in accordance with the latest NACHA regulation. This new feature in the portal aims to add stability and security to your merchant portfolio.

There's no development lift required or impact to your onboarding or transaction workflow, but we created an article in the Resource Center to outline what this means for you and your customers for current processes, fees and eCheck transactions.

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Please review the article and if you have questions regarding these updates, please reach out to your Relationship Manager. Stay tuned for more exciting features and enhancements coming soon!