News: Nacha announces Unifits as a Preferred Partner for ISO 20022 Payment Testing Automation
Nacha Announces Unifits as a Preferred Partner for ISO 20022 Payment Testing Automation. In becoming a Nacha Preferred Partner, Unifits joins a selected group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network.
“The ACH environment supports users that work with ISO 20022,” said Jane Larimer, Nacha President and CEO. “We are pleased to welcome Unifits as Nacha’s newest Preferred Partner.”
Nacha currently offers ISO Mapping Guides, which enable ACH users to translate ISO-to-ACH and ACH-to-ISO messages for ACH payment origination and remittance.
Unifits is a software and consulting company specializing in the ISO 20022 XML standard and a leading provider of test automation in payment transactions. ACH users working with ISO 20022 often need to test the validity of their files.
Unifits offers a suite of unique and comprehensive automated testing solutions that allow businesses to better manage payments testing related to ISO 20022 messages and processes.
“As a leader in payments testing automation and specializing in demonstrating financial institutions’ ISO 20022 compliance, we are pleased to be selected as Nacha’s newest Preferred Partner for ISO 20022 Payment Testing Automation,” said Walter Schmölzer, co-founder and CEO of Unifits. “Our collaboration with Nacha will enable us to quickly adapt our solutions to the specific needs of U.S. banks and support them in their demanding projects and transition to ISO 20022.”
Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. More than 29 billion ACH Network payments were made in 2021, valued at close to $73 trillion. Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services.