PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

E-Complish Partners With Plaid for Real-Time Bank Account and Balance Verification

By PaymentsJournal
March 1, 2021
in Commercial Payments, Credit, Debit, Emerging Payments, Identity Verification, Partnerships, Press Releases, Real Time Payments
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

The partnership allows for bank accounts and balances to be verified instantly to enforce compliance with the new ‘NACHA WEB Rules’ effective March 2021

NEW YORK, March 1, 2021 (Newswire.com) – E-Complish, a provider of custom payment processing solutions, has teamed up with data network Plaid, a data network powering the digital financial ecosystem to streamline the ACH payments processing flow for E-Complish customers.

The partnership will allow E-Complish customers to verify that a consumer’s bank accounts are active and have an acceptable balance in real-time. With Plaid’s technology, E-Complish customers can enable their end-users to seamlessly and securely access their account information in compliance with NACHA guidelines.

Greg Gaines, E-Complish’s VP of Compliance & Customer Service, said, “The ‘E-Complish-Plaid Account Verification Solution’ creates compliance for the new ACH WEB Rule instituted by NACHA — the governing body of the ACH — to address online ACH transaction verification. The new ACH rule for ‘WEB Transactions’ requires an additional level of account verification for all online ‘ACH Debit Transactions.’ The new NACHA Rule (as of March 2021) stipulates that new bank accounts and modified existing accounts must be validated through a verified method to ensure that they are authentic and active. With that said, we want to do everything we can to help our clients not only comply with the new NACHA WEB rules but also create cost-savings by reducing ACH returned items,” Gaines said.

“The advantages of this partnership are unparalleled. The integration of ‘Merchant-E-Complish-Plaid-Bank’ creates a unique four-way process of ‘Bank Account and Balance Verification’ that will reduce ‘ACH Returns’ and increase overall ‘ACH Deposits’ at the lowest cost possible for the Merchant,” said Stephen Price, CEO & CSO of E-Complish. 

“The E-Complish integration with Plaid not only makes ACH compliance possible but also reduces costs of ‘ACH Returns’ for ‘No Account Found,’ ‘Invalid Account,’ and ‘Insufficient Funds,'” said Price. “The integration will be a lynchpin for E-Complish’s clients to improve their ACH payment processing capabilities through rapid ‘Account Verification’ and, more important, ‘ACH Deposits’ that happens with the highest reliability and cost-effectiveness. Knowing when to initiate an ‘ACH WEB Transaction’ based on the ‘Account and Balance Verification’ provided by Plaid is a game-changer in the ACH market. Working with Plaid, E-Complish can provide an easy, cost-effective ‘Bank Account and Balance Verification’ that just works. ‘Account Authentication and Verification’ will lead to reductions in ‘ACH Returns’ stemming from human error (e.g., consumers’ fingers inputting incorrect account numbers). This, in turn, decreases ‘Notification of Change (NOC)’ transactions too,” Price noted.

“The advantages of this partnership are unparalleled. The integration of ‘Merchant-E-Complish-Plaid-Bank’ creates a unique four-way process of ‘Bank Account and Balance Verification’ that will reduce ‘ACH Returns’ and increase overall ‘ACH Deposits’ at the lowest cost possible for the Merchant.”

Stephen Price, CEO & CSO of E-Complish. 

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: ACHDataE-ComplishNACHAPartnershipPlaidPress ReleaseReal-time payments

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    ai phishing

    The Fraud Epidemic Is Testing the Limits of Cybersecurity

    February 6, 2026
    stablecoins b2b payments

    Stablecoins and the Future of B2B Payments: Faster, Cheaper, Better

    February 5, 2026
    Payment Facilitator

    The Payment Facilitator Model as a Growth Strategy for ISVs

    February 4, 2026
    Simplifying Payment Processing? Payment Orchestration Can Help , multi-acquiring merchants

    Multi-Acquiring Is the New Standard—Are Merchants Ready?

    February 3, 2026
    ACH Network, credit-push fraud, ACH payments growth

    What’s Driving the Rapid Growth in ACH Payments

    February 2, 2026
    chatgpt payments

    How Merchants Should Navigate the Rise of Agentic AI

    January 30, 2026
    fraud passkey

    Why the Future of Financial Fraud Prevention Is Passwordless

    January 29, 2026
    payments AI

    When Can Payments Trust AI?

    January 28, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result