Unlocking the promise of DePIN
Decentralized physical infrastructure networks (DePIN) is a growing Web3 concept. Join us in exploring what this looks like to orchestrate an EV end-user recharge and payment with real-life infrastructure...
view WebpageWeb3: A new era for social commerce
Join us as we explore the future of social commerce, discussing the potential of Web3 to revolutionize how we shop, interact, and build trust online...
view WebpageProject Guardian
Onyx by J.P. Morgan and Apollo explore how tokenization can mass-scale the building and managing of investment portfolios across traditional and alternative assets...
view WebpageHow Tokenization Can Fuel a $400 Billion Opportunity in Distributing Alternative Investments to Individuals
Tokenization could revolutionize access to alternatives, unlocking revenues for managers and distributors while enabling higher-quality portfolios for wealthy individuals...
view DocumentLiink by J.P. MorganSM Overview
Liink by J.P. Morgan is ushering in a new era of collective intelligence allowing businesses to share information, generate new insights and power greater decisions together...
view VideoOpportunities in the metaverse
In the coming years, the metaverse will infiltrate almost every sector of the economy Each year, approximately $54 billion is spent on virtual goods,...
view DocumentUnlock business opportunities
Provide your clients with the tools they need to extend into new markets by offering them a global account validation API or an embedded service within your digital payment channels using Confirm.
view webpageLiink at SIBOs 2022
Learn how Deutsche Bank, Visa B2B, and J.P. Morgan use Confirm for global account validation
view VideoA demo of Confirm
See how Confirm enables users to pre-validating account information prior to funds transfer.
view webpageConfirm Overview
Accelerate transaction processing globally by pre-validating account information. Confirm is a simple application that aims to make the account information...
view webpageTackling Fraudulent Activity in Cross-Border Payments
See how to mitigate fraudulent activity by pre-validating account information prior to payment initiation
View documentOnyx Wins SWIFT Hackathon 2021
View documentCheckMatch Overview
CheckMatch streamlines check processing, from check originators and print providers to lockbox providers. CheckMatch helps streamline the processing of...
view webpageZach Chestnut
Hi. I'm Zach from the CheckMatch team. CheckMatch is a way to streamline check processing, which can reduce operational costs and minimize the carbon footprint for check originators as well as lockbox providers.
Did you know that if you go to your retail banking app today as a consumer and set up a bill pay payment, there is a decent chance that that may result in someone somewhere printing a physical check and physically sending that check through the mail?
This adds up quickly. There were 14 and 1/2 billion check payments in the United States in 2018 with an estimated average processing cost of $1.22 up to four to seven days in processing time and, unfortunately, a significant carbon footprint from putting those items on trucks and planes. We asked ourselves why. And we asked ourselves, how can we make this better? This is how CheckMatch was born.
CheckMatch is a two-sided marketplace comprising check originators like bill pay and check print providers on one side and lockbox providers on the other. Lockbox providers upload address data to the network. And then check originators submit transactions to the network and identify matches.
For matched items, CheckMatch facilitates the secure transmission of payment information from the originator to the lockbox provider. And CheckMatch also provides an image of a printed physical check in accordance with US federal regulation. You'll note that this is the exact same information that a lockbox provider would receive as part of their business-as-usual operations, only far more efficient.
Originator clients can save the expense of printing and mailing a physical check. And lockbox clients can save the effort of opening mail and processing physical items. CheckMatch communicates via API, but we can also support file-based integrations where required. That's a quick review of CheckMatch. Thanks for your time and attention.
Kaitlin DeWolf
Hello. I'm Kaitlin, and I'm a product manager on the Confirm team. Our application, Confirm, is a global peer-to-peer account validation product. Our participants use the application to verify account information is correct prior to sending payments, during onboarding and operations processes, and just for data hygiene. Confirm sources its data directly from other participants who get paid for validating account information. The application is designed to be used by an API. However, we also offer a user interface, which I'll use to demo the product.
I'll start this demo by acting as an inquiring participant that uses the user interface to validate account information. The first page is the Sent Inquiries grid that shows a user their historical inquiries. This data can also be exported to CSV. Now, I'm going to demonstrate how an inquirer generates an inquiry. We support bulk upload via CSV, but I'll show you the single inquiry flow.
To create an inquiry, you only need an account number, bank identifier, and an accountholder's name. For the purpose of the demo, I will pretend to validate an account at JP Morgan using a SWIFT identifier. We support global payment methods and expand the allowed fields based on market demand.
This next section is where you choose the information you would like to validate. Today, you can validate an account status, ownership, and transaction activity. However, these request fields will expand to include more data elements over time. To validate a name, you must provide an input name. To validate transaction activity, you must provide a time period. Finally, you will select the network participant this inquiry should be sent to.
I will now submit the inquiry. I am now brought back to the Sent Inquiry page we started on. You can see here that my inquiry was sent and is still awaiting a response. In production, the response will automatically come back within seconds because all responding participants are integrated to our system via API.
Now, I'm going to switch my role and act as a responding participant. Again, responders are all API users, and I'm only going to walk through the user interface to demonstrate how a response would work. This is the Received page that shows the inquiries my institution has historically responded to and the inquiries which are still awaiting a response. I'm going to select the inquiry I just sent and generate a response.
On the right panel here, you can see the information provided in the inquiry. A responding participant will use this information to generate a response. First, I'll respond to account status. The options for responding are Open, Incorrect Account Number Format, Closed, Cannot Confirm, and Reject.
Next, I'll respond to account owner name. The options for responding are Full Match, Partial Match, and No Match. I can also optionally provide the correct accountholder name. Finally, I'll respond to transaction activity. The options for responding are Activity, Exception, and No Response.
Activity means the responder has experienced successful transactions with the account. Exception means the responder has experienced issues when trying to transact with the account. And no response means the responder hasn't transacted with the account or cannot provide data on the account. As you can see here, the response I just generated can now be seen on the Inquiries Received grid and can also be seen when I switch to the Sent Inquiries grid. This concludes the overview of Confirm.
Thank you.
Introducing Confirm: A secure application to pre-validate customer...
Frustrated with payment processing rejections? Introducing Confirm: A secure application to pre-validate customer account information. Payment processing...
Go to webpageConfirm Accelerate transactions processing with global account...
View documentApplication of Programmability to Commercial Banking and Payments
Explore how it can help enable new opportunities and enhance commercial banking in this white paper authored by Onyx and the Massachusetts Institute of Technology’s (MIT) Digital Currency Institute...
view documentUnderstanding Programmable Payments, Programmable Money and Purpose-Bound Money
As the world moves towards a more digitally connected and technologically advanced future, the landscape of financial transactions is evolving rapidly...
Go to webpageLiquidity Management in a Multi-Currency Corridor Network
Cross-border payments are frequently criticized due to issues such as their slow speed, relatively high costs and lack of transparency. Cross-border payments...
view DocumentmCBDCs - Unlocking 120 billion value in cross-border payments
Each year, global corporates move nearly $23.5 trillion[1] across countries annually, equivalent to about 25% of global GDP. They predominately rely on the...
View documentJPMorgan’s Onyx Opens Infrastructure To Disrupt Cross-Border Payments
The correspondent banking system remains an opaque and sluggish method of moving money across borders, and alternatives to this strategy have historically been...
Go to webpageDeposit Tokens — A foundation for stable digital money
This paper focuses on deposit tokens, their use cases and benefits, and how they are distinguished from stablecoins and CBDCs. In doing so, we intend to provide a focused discussion of deposit tokens as a distinct type of digital money...
view DocumentA case study on Digital Financing
Managing intraday cashflows is an essential part of a financial institution’s liquidity management program. Traditional intraday financing solutions, such as intraday credit facilities and overnight repo agreements, can be costly and prone to operational friction...
view WebpagePaving the Future of Institutional DeFi
Decentralized finance (DeFi), which uses blockchain-based smart contracts to execute a variety of financial services activities,...
view WebpageHow J.P. Morgan is generating revenue and saving money with blockchain
Tyrone Lobban, Head of Blockchain Launch and Onyx Digital Assets discusses Onyx by J.P. Morgan’s blockchain journey with Conor Svensson.....
GO TO WEBPAGEOnyx Digital Assets Overview
Nearly any type of asset can be tokenized on a distributed ledger. Onyx Digital Assets is an asset tokenization platform you can use to create scalable tokenization-based solutions that meet your needs, integrate with legacy systems, and leverage a growing network of applications...
view VideoThe New World of Web 3.0, Digital Identity and NFTs
Web 3.0 introduces a new outlook on how we interact in the digital world. In this fireside chat, Tyrone Lobban, Head of Blockchain Launch & Onyx Digital...
View videoFICC market structure: Blockchain’s market impact
Kate Finlayson, global head of FICC Market Structure, has a conversation with Scott Lucas, head of Markets DLT, and Tyrone Lobban, head of Blockchain Launch,...
Go To WebpageJ.P. Morgan Executes Intraday Repo Transaction Using Blockchain
Go to webpageWeb3: A new era for social commerce
Join us as we explore the future of social commerce, discussing the potential of Web3 to revolutionize how we shop, interact, and build trust online...
view WebpageDigital identity in Web3
Taking control of our digital identities is at the heart of the ongoing transformation of our online interactions, opening up new realms to explore...
view WebpageCelestial Payments and Other Advances
Go to webpageUsing Blockchain Technologies to Solve Real-Life Problems
In November 2019, J.P. Morgan hosted the Initiative For Cryptocurrencies & Contracts (IC3) conference in Brooklyn, NY. As an academic consortium, faculty...
view VideoSpaceBridge: Pioneering Payments in Space
Space-based payments may catalyze the space economy. The SpaceBridge prototype demonstrates the feasibility of a future space economy. As our technology...
Go to webpageOnyx by J.P. Morgan launches blockchain in space
Pressing deeper into the Internet of Things, Onyx by J.P. Morgan executes blockchain transaction between satellites. Onyx by J.P. Morgan has tested the...
Go to webpageAn overview of blockchain consensus algorithms
A brief overview of consensus algorithms and how Onyx implements them.
View documentBlockchain Technology: Past, Present and Future
With blockchain technology continuously advancing, it’s important to understand how its use cases may be found in today’s business and social landscape. In...
Go to webpageThe New World of Web 3.0, Digital Identity and NFTs
Web 3.0 introduces a new outlook on how we interact in the digital world. In this fireside chat, Tyrone Lobban, Head of Blockchain Launch & Onyx Digital...
View videoDemystify Blockchain: Past, Present, & Future
Tyrone Lobban, Head of Blockchain Launch and Onyx Digital Assets, Onyx by J.P. Morgan and Karl Gouverneur, Chief Technology Officer, Struxtion, discuss...
View VideoIs Crypto Here to Stay on Wall Street?
Financial News' Trista Kelley speaks to Umar Farooq, head of J.P. Morgan’s Onyx unit that focuses on blockchain and digital assets. They discuss the evolution...
Go to webpageThe future of banking through blockchain with J.P. Morgan Chase
Go to webpageTreasury Services Innovation
Emerging technologies, such as blockchain, API, machine learning, are transforming treasury services. In the following video series, J.P. Morgan innovation...
Go to webpageThe Next Step for Blockchain
Cryptocurrencies have attracted widespread market attention, but it’s the underlying blockchain technology that really matters. Over the past year,...
Go to webpage