Backpack Now a Nacha Preferred Partner for ACH Experience, Open Banking, and Risk and Fraud Prevention

Nacha announced that Backpack has become a Nacha Preferred Partner for ACH Experience, Open Banking, and Risk and Fraud Prevention.

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Backpack’s financial infrastructure is built specifically for higher education, helping universities, families, and education funding organizations manage 529, scholarship, and other third-party payments. Backpack helps institutions eliminate paper checks through ACH-native workflows and automation, reducing administrative burden and improving security and compliance. Backpack’s platform also helps improve time-to-funding for students, something critical for the accessibility and affordability of education in the U.S.

“A checkless campus should be the goal of every university and college, because not only is ACH more convenient, it’s also safer given the rise of check fraud,” said Jane Larimer, Nacha President and CEO. “Nacha is pleased to welcome Backpack as a Nacha Preferred Partner.”

“Higher education still runs on paper checks—universities receive billions of dollars each year from 529 plans, prepaid tuition plans, scholarship providers, private companies, and government organizations, and most of that volume still arrives by mail and requires manual intervention to process,” said Callum Bedos, Founder and CEO, Backpack. “We built Backpack to give the industry the modern financial infrastructure it has been missing—a single platform that retires those checks and moves every external higher education payment onto the ACH Network. We’re proud to join the Preferred Partner Program and to work alongside Nacha and the broader payments community to make modern ACH the default for how universities, scholarship providers, and student families move money.”

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