Fraud prevention platform Trustpair integrates JPMorgan’s blockchain solution Confirm to verify bank account information

Fraud prevention platform Trustpair has announced the integration of JPMorgan Chase’s blockchain-based solution Confirm to verify bank account information. Confirm is a closed global account verification information network built on Liink, an enterprise-focused permissioned and private blockchain developed by JPMorgan Chase’s Onyx division. Gloria Wan, Executive Director of JPMorgan Onyx, said Confirm was created to provide collective intelligence to improve companies’ decision-making. She added: “Businesses operate in a data-driven world, but many still rely on inaccurate supplier and payment data when conducting high-value transactions, which greatly increases the risk of fraud, payment errors and delays for businesses.” With this integration, Trustpair’s more than 200 customers – including companies such as Societe Generale, Decathlon and Danone – can now verify supplier bank accounts in 15 markets around the world, reducing the risk of payment fraud and payment delays. (BusinessWire)