Phixius by Nacha has teamed up with Kinexys Liink, a bank-led data sharing network operated by J.P. Morgan.

This partnership aims to improve the scope and efficiency of account validation services for financial institutions, fintech companies, and corporations across the globe.

As part of the collaboration, Phixius will serve as the key US payment information network Responder for Kinexys Liink.

This is said to enable Phixius to offer near-instant verification of domestic bank account details, facilitating faster and more accurate transactions for all parties involved.

In exchange, Phixius users will benefit from access to Kinexys Liink’s Confirm application, which provides global account validation capabilities.

This will enhance the utility and international reach of the Phixius network, supporting seamless cross-border payments and reducing potential errors.

Nacha ACH Network Development managing director Rob Unger said: “Phixius’ collaboration with Kinexys Liink offers a unique opportunity to facilitate collaboration across respective networks.

“Kinexys Liink and Phixius customers can benefit by validation services using data provided by either network, helping to mitigate payment fraud and reduce potential ACH returns.”

Kinexys by J.P. Morgan is the blockchain business unit of the company, focused on creating scalable systems that help transform traditional business models.

The company works closely with clients to reimagine the movement of information, money, and assets in the digital age.

Kinexys Liink operates as a blockchain-powered, payment-rail-agnostic information exchange platform.

Its goal is to provide secure and frictionless sharing of payment-related data, all while ensuring privacy, sovereignty, and security are maintained throughout the process.

Via its Confirm application, Kinexys Liink allows for near real-time global validation of bank account details, such as ownership and transaction status.

This enhances operational efficiency, reduces fraud risks, and helps minimise errors in international payments.

Kinexys Liink at Kinexys by J.P. Morgan general manager Gloria Wan said: “We are committed to enhancing the provision of secure, efficient data connectivity to address industry challenges and innovation opportunities.

“Through the collaboration with Phixius by Nacha, we look forward to expanding the reach of Kinexys Liink to further strengthen account validation and cross-border payment infrastructure globally.”