JP Morgan has entered into a five-year agreement with the U.S. Treasury Department to provide account validation services for federal government agencies. The bank’s corporate and investment bank will verify payment information for the Treasury’s fiscal service before issuing payments, aiming to reduce “improper payments” that erode public trust in government services. JP Morgan will leverage its customer information and industry data to authenticate payment details, helping the Treasury ensure the accuracy and efficiency of its payments.
US Treasury Department Enlists JP Morgan for Account Validation Services
