Nacha, which runs the Automated Clearing House (ACH) network in the US, has welcomed Stripe as its Preferred Partner for ACH Experience.
The ACH network is a centralised network used for electronic funds transfer (EFT).
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Nacha’s Preferred Partner Program welcomes companies whose services are in line with the Nacha strategy of furthering the ACH network.
Stripe’s ACH solutions are claimed to optimise payment conversions while maintaining low costs, enabling businesses of all sizes to utilise ACH payments effectively.
Integrating ACH payments into its platform, Stripe facilitates transaction management for businesses.
Stripe’s ACH solutions provide a platform that simplifies payment processes, allowing businesses to exploit the benefits of ACH payments.
Stripe chief business officer Jeanne DeWitt Grosser said: “Stripe’s focus is to help businesses grow faster. Millions of businesses use ACH on Stripe to instantly confirm payments, speed up settlement, and offer their customers a seamless checkout experience.”
Nacha CEO and president Jane Larimer said: “Nacha is pleased to welcome Stripe as our newest Preferred Partner. Nacha’s Preferred Partners are innovators focused on enhancing the ACH payment experience for businesses and their customers.”
In July this year, Stripe entered a with Newline by Fifth Third, an embedded payments provider. This alliance aims to widen embedded financial services for users of Stripe’s platform and their customers.
With dual headquarters in Ireland and San Francisco, Stripe operates as a financial infrastructure platform for businesses.
