Phixius by Nacha announced that its integration with Kinexys Liink, the world?s first bank-led peer-to-peer blockchain-based data sharing network, part of Kinexys by J.P. Morgan, is now live. With this integration, financial institutions and organizations that make ACH payments can benefit from a multi-responder account validation system. Now, data requesters on Kinexys Liink can receive validation responses from Nacha through multiple trusted sources in the Phixius network, broadening coverage and increasing confidence in account data.
As part of the integration, Phixius serves as a key U.S. payment information network responder for clients of Kinexys Liink, enabling near real-time validation of domestic bank account data. By connecting to the Phixius network, Kinexys by J.P. Morgan is enabling the global distribution of U.S. account validation data, strengthening the security of cross-border payments and amplifying the benefits of network effect across the ecosystem. Kinexys Liink is a payment rail-agnostic, blockchain-based information exchange network designed to facilitate frictionless and secure payment-related information exchange while maintaining sovereignty, security, and privacy.
Through its Confirm application, Kinexys Liink enables near real-time global validation of bank account ownership, status and transactions, reducing payment errors, mitigating fraud risk, and improving operational efficiency in international payments.
