Nacha announces Sila as preferred partner for ACH Enablement and Payments

By Edlyn Cardoza

Sila is now a Nacha Preferred Partner for ACH Enablement and Payments. In becoming a Preferred Partner, Sila joins an elite group of innovators that Nacha recognisAes for offering products and services that align with Nacha’s core strategies to promote the ACH Network.

“Nacha’s Preferred Partners play a role in advancing the ACH Network to continue to deliver payments safely and quickly,” said Jane Larimer, Nacha’s President and CEO. “Today, we welcome Sila as our newest Preferred Partner for ACH Enablement and Payments and are looking forward to working with them and other Nacha Preferred Partners to strengthen and grow the ACH Network.”

Sila provides a set of APIs that simplifies the storage and transfer of money between bank accounts and digital wallets from inside an application and speeds up the go-to-market schedule for customers. It can also include a blockchain wallet and transfer capability if requested. Its payment infrastructure is for companies and organisations that need to integrate with the U.S. banking system, payment rails and blockchain.

“Sila is honored to be a Nacha Preferred Partner,” said Shamir Karkal, CEO of Sila Inc. “We have helped many customers leverage the ACH Network as they build their business. Their feedback has led us to build innovative products on top of ACH, such as our instant ACH product that combines risk management and fraud detection with instant funds availability.”

Sila is a FinTech software platform that provides payment infrastructure as a service, a business-critical element for all companies that need to integrate with the US banking system and blockchain quickly, securely, and in compliance with applicable US regulations. It offers Digital Wallet and ACH Payments APIs for software teams.