Frustrated with payment processing rejections?
Payment processing rejections can lead to a heightened risk of fraud, increased costs from payment returns and poor customer experience due to delays in processing payments.
Introducing Confirm: A secure application to pre-validate customer account information.
Institutions can inquire about validation of an account prior to initiating payment, respond to inquiries for account owner and status, or participate as both an inquirer and a responder.
For inquirers
Improve Payment Processing Efficiency: Reduce the occurrence of payment returns due to incorrect payment information. Decrease operating costs and improve straight-through processing rates.
Prevent Fraud Attempts: Mitigate fraudulent activity by pre-validating account information so participants know beforehand if the instructed beneficiary matches the owner of the account they are paying.
For responders
Monetize Your Data: Securely monetize data assets by responding to information inquiries from institutions. Create new revenue streams for your organization while improving the payment process for consumers and businesses – all on a secure, permissioned blockchain network.
Disclaimer:
J.P. Morgan is the marketing name for the Wholesale Payments business of JPMorgan Chase Bank, N.A. and its affiliates worldwide.
The products and services described in this document are offered by JPMorgan Chase Bank, N.A. or its affiliates subject to applicable laws and regulations and service terms. Not all products and services are available in all locations. Eligibility for particular products and services will be determined by JPMorgan Chase Bank, N.A. or its affiliates.
