J.P. Morgan Payments Selects Trulioo for Identity Verification Services

J.P. Morgan Payments has chosen Trulioo, a leading identity verification platform, to combat fraud and other financial crimes for its clients, according to an announcement Thursday (Oct. 19).

The partnership aims to support a simplified and frictionless payments experience worldwide. Ryan Schmiedl, Managing Director – Global Head of Trust & Safety for J.P. Morgan Payments, highlighted Trulioo’s expertise in ID verification, breadth of data sources, impressive match rates, and global footprint as the reasons for selecting the platform.

“Trulioo is a leader in ID verification. We chose the platform because of its breadth of personally identifiable data sources, impressive match rates and global footprint,” said Schmiedl in a statement. “Trulioo has the trusted authentication and verification experience we want to offer clients and additional layers of protection from fraud during the onboarding experience and beyond.”

J.P. Morgan is a world leader in payments, processing over $9 trillion in payments daily across 160 countries and 120 currencies. With a focus on trust and safety solutions, the company invests over $12 billion annually in its own technology and products. As payment options rapidly evolve, the collaboration between Trulioo and J.P. Morgan aims to proactively protect against fraud, improper payments and cybercrimes.

Jason Tiede, global head of corporate development and partnerships for J.P. Morgan Payments, emphasized the importance of the Trulioo partnership in streamlining consumer and business verification. This collaboration adds to J.P. Morgan’s partnerships and aims to enhance their payments services by leveraging Trulioo’s experience in global payments and trust and safety models.

“The Trulioo and J.P. Morgan partnership enables our clients to more easily mitigate fraud with a specialized focus on streamlining consumer and business verification. It’s an important addition to our ever-growing ecosystem of payments partnerships, and we look forward to continuing to expand the collaboration,” he said in the statement.

J.P. Morgan will enhance its payments services by providing capabilities for consumer and business verification, including Trulioo’s Person Match and Identity Document Verification, according to the announcement.

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