Basis Theory Becomes Nacha Preferred Partner for Data Tokenization and Encryption

By Carl Norcott.
Updated Sep 28, 2021

HERNDON, Va. (PRWEB) September 28, 2021 - Basis Theory today became a Nacha Preferred Partner for Data Tokenization and Encryption.

As a Nacha Preferred Partner, Basis Theory joins a select group of innovators recognized for offering products and services that align with Nachas strategies to advance the ACH Network. Basis Theory helps ACH originators provide data protection and risk management that help improve ACH transaction quality.

Nacha Preferred Partners are dedicated to enhancing the ACH Network by creating cutting-edge technology solutions, said Nacha President and CEO Jane Larimer. Today we welcome Basis Theory as our newest Preferred Partner.

Basis Theory is a third-party, processor-agnostic token vault and encryption management system. It allows companies to think more strategically about their payments stack and the associated sensitive data without adding compliance and/or data liabilities. Whether its a new payment process to increase acceptance or to decrease costs, a backup system that does not require reauthorization of a customers card, or tokenizing bank account and billing data, the Basis Theory platform can help.

Basis Theory is the worlds first payments infrastructure company built from the ground up with a data security and usability mindset. It is our belief that companies should control their customers payments, said Colin Luce, Co-Founder & CEO, Basis Theory. We are excited to join other Nacha Preferred Partners focused on data security and usability as keys to protecting and improving the ACH Network.

Nachas Preferred Partner program is open to technology solution providers whose offerings align with Nachas core strategies to advance the ACH Network. Learn more about Nacha's growing community of Preferred Partners and how they can support your payments needs, by visiting http://www.nacha.org/Preferred-Partner.