JPMorgan Chase and Nacha are partnering to integrate Nacha’s Phixius network with JPMorgan’s blockchain-based Kinexys Liink system. This collaboration aims to simplify account verification, reduce payment errors, improve international payment efficiency, and mitigate fraud risk for financial firms using JPMorgan’s system. The integration leverages trusted sources within Nacha’s network to enable real-time verification of U.S. account holder information.
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JPMorgan, Nacha to share data via blockchain
JPMorgan Chase and Nacha are partnering to integrate Nacha’s Phixius network with JPMorgan’s blockchain-based Kinexys Liink system. This collaboration aims to simplify account verification, reduce payment errors, improve international payment efficiency, and mitigate fraud risk for financial firms using JPMorgan’s system. The integration leverages trusted sources within Nacha’s network to enable real-time verification of U.S. account holder information.