There’s anticipating risk, then there’s adapting to it. We do both. We help protect clients at every stage of the commerce lifecycle, using our global expertise to build solutions at the forefront of emerging technology and innovation.
We help protect clients at every stage of the commerce lifecycle, using our global expertise to build solutions at the forefront of emerging technology and innovation.
[00:00:00.00] [MUSIC PLAYING]
[00:00:00.35] Who do you trust? Who can you trust?
[00:00:04.70] Fraud and financial crime is a
constantly-changing problem with a 70% increase in fraudulent mobile
transactions last year, and global online payment fraud growing by 20% year
[00:00:18.26] Who gives you advanced fraud prevention at
your fingertips? Trust JPMorgan to keep your company out of the headlines.
[00:00:24.95] We are the most innovative bank for fraud and
risk prevention, and the number one provider in best overall service,
processing over 5,000 payments every second with 99.99% accuracy. Give your
customers seamless, secure service with a simple dashboard and the ability to
tailor your payment controls. It's easy to investigate suspicious payments and
get tools to help meet regulatory requirements during turbulent geopolitical
[00:00:53.21] Let us help you increase automation and speed
with options like account validation services that could boost your payment
efficiency by 30%, reduce requests for information during a transaction
lifecycle, reduce manual processes and your overhead, and even rescreened
stored beneficiaries and request information prior to your next payment. All
adding up to the simple, secure experience you need.
[00:01:18.45] We make it easy to import and validate using
templates with commonly-requested data, organizing your screening results into
easy-to-read reports. Enjoy simple, safe frictionless payments for all your
payment types, and reduce your sanctions screening alert hit rates by 40%. Move
seamlessly through robust tools that make it easy to protect against fraud,
giving you peace of mind that your payments will reach their destination
[00:01:45.93] By leveraging AI and machine learning to
analyze, predict, and mitigate fraud patterns, we can also help you stop
millions in attempted fraud and increase your customer payment approval rates
by 15%. Let our comprehensive service simplify your payment experience,
increase straight through processing, and help reduce fraud and errors for
today's needs and future ones like blockchain and mobility. Trust and safety
with JPMorgan payments, empowering your business to thrive.
[00:02:17.52] [MUSIC PLAYING]
[00:02:18.27] Text, J.P.Morgan Payments. A QR code appears.
Nearly $2.4 billion-- that's how much businesses like yours
lost in 2021 due to business email compromise, or BEC. So what exactly is BEC?
It's when cybercrime groups send phishing emails impersonating your executives,
business partners, and vendors to elicit fraudulent payments. The question is--
how do you protect your business from these systemic schemes?
Here are some suggestions. Implement internal controls.
Identify your internal controls that best find business anomalies and have them
flag more perceived irregularities. Customize fraud controls. Strengthen fraud
controls by customizing them to better identify bad actors.
Empower your employees. You're all in this together. So
raise organizational awareness and provide resources. Train and test employees
regularly. Watch for emerging threat trends. Keep a close eye on cybercrime
updates through regional resources such as the FBI and the Information
Perform proper callbacks. Always conduct an outbound call to
the party to confirm their legitimacy. Always use a known phone number. Don't
trust the number provided in the email, bank letter, or phone message. Always
speak to the party personally accountable for the change in instructions.
And it's important to answer our calls regarding
transactions and double check that controls are executed. Don't assume a
callback has been performed. Plus, keep information up to date in our system so
we can reach you.
Preventing fraud requires a team effort JP Morgan can help
identify the tailored and efficient controls you need to thrive in today's
marketplace. Want to know more? Reach out to your JP Morgan representative
[00:00:00.00] [MUSIC PLAYING]
[00:00:01.13] This is your business. You work with a variety
of counterparties. And with the rise of global fraud, financial crimes, account
takeover, and synthetic identities, you need to check that the individuals and
organizations you do business with and the accounts you're paying are real,
trusted, verified, and accurate, and that you and your customers have
protection against payments fraud.
[00:00:28.28] But verifying this information costs money and
time, time that could be spent managing and growing your business. This is J.P.
Morgan Payments. As a leading global provider of trust and safety solutions, we
invest over $12 billion a year in technology and leverage the breadth and scale
of data, ours and our partners, to help reduce fraud and boost transaction validation.
[00:00:56.27] This is J.P. Morgan Payments Validation
Services, a suite of account and digital identity verification solutions
focused on creating a secure, seamless end-to-end commerce experience with
innovative technology like AI, machine learning, and biometrics in frictionless
fraud and financial crime reduction.
[00:01:20.46] Our easy-to-integrate solution is flexible,
offering multiple data sources through a single connection, allowing you to
verify accounts, businesses, individuals, and documents in real time. So you
can do your best to stay ahead of fraudulent activities with quicker
decision-making and processing. The number of electronic payments is
increasing. But with J.P. Morgan Payments Validation Services, your risk
doesn't have to.
Validate your accounts and boost your defense proactively for all your end-to-end payments.
Reduce friction associated with transaction reviews to enhance the client experience.
Fraud controls to help protect your business, globally.
Certain products and solutions are exclusively offered to particular business or commercial clients. Please be advised to consult with your banker to verify their availability. Additionally, it should be noted that new products are scheduled for launch and eligibility criteria may apply.
We process nearly $10 trillion in global payments every day across 160 countries and 120 currencies7. Through this experience, we can help to enhance trust and safety across all of your treasury payments.
Revolutionize your development process with our API-first infrastructure solutions designed to alleviate concerns about misdirected payments and streamline workflows.
Prioritize any industry-specific needs. For instance, help protect sensitive healthcare data, navigate legacy systems in the public sector, or develop solutions for emerging payments-related tech in e-commerce.
Hear about how we provide a secure, seamless, end-to-end commerce experience for the clients we work with.
Optimizing subscription payment acceptance for web-hosting
Through lending, investment and philanthropic capital, we’re supporting affordable housing and helping the underserved communities of today become flourishing communities tomorrow.
We offered a digital payment solution that included optimizations around mitigating payments fraud while maximizing transaction approval rates.
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Remain vigilant against trust and safety concerns.
Interactive guidance that your employees can use to protect
against and respond to fraud events.
Ransomware attacks are among the most serious cybersecurity threats facing organizations today, including JPMorgan Chase Commercial Banking clients.
Business Email Compromise
Business email compromise (BEC) is a sophisticated scheme used by organized cybercrime groups. The aim is to trick your employees into sending fraudulent payments by impersonating your executives, business partners or vendors—and it’s a pervasive problem.
Three cybersecurity trends to watch out for in 2023
Nov 30, 2023
Sophisticated phishing, vishing and ransomware campaigns could be aimed at a widening field of targets – but there are things you can do to protect yourself.Read more
Rise of the AI chatbots: More data. Greater danger.
Nov 30, 2023
Easy-to-use artificial intelligence tools may soon change our work and school lives. But they come with a host of new privacy threats. Here are some ways to help protect yourself.Read more
4 callback do’s and don’ts to protect against BEC
Sep 28, 2023
Callbacks are essential to rooting out payments fraud. But this validation process can still go wrong. Here’s what to do—and what not to do.Read more
Internal monitoring and reporting for the previous year 2023
J.P. Morgan Internal Data, April 2022
JPMC proprietary data 2022