As corporate payment ecosystems grow more digitised and complex, the spectre of fraud looms larger than ever.
Account Confidence Score
In response, J.P. Morgan Payments has unveiled its latest innovation: the Account Confidence Score (ACS), an AI- and machine learning-driven tool designed to pre-emptively assess fraud risk before a payment is made.
Integrated within J.P. Morgan Access – its global cash management platform – the ACS forms part of the bank’s Trust & Safety Solutions suite.
It draws on a vast corpus of over 15 billion transaction records, analysing attributes such as account age, payment frequency, location, known fraud associations, and transactional history.
Each beneficiary account is then rated on a confidence scale of 0 to 1,000, with a corresponding Red, Amber or Green (RAG) designation to guide client action.
Proactive Line of Defence
Crucially, the ACS is not just a reactive mechanism – it is a proactive line of defence.
With global fraud threats like Business Email Compromise and invoice redirection schemes proliferating, ACS gives businesses an intelligence-led tool to anticipate risk, rather than merely respond to it.
According to FBI figures, losses from business email compromise alone reached $2.9 billion in 2023 – underscoring the need for pre-emptive screening tools within the payment chain.
J.P. Morgan’s ACS aims to balance two critical business imperatives: trust and efficiency.
By flagging risky accounts before payments are initiated, it supports informed decision-making and risk mitigation.
But the tool also helps streamline treasury operations by reducing the need for after-the-fact reconciliation or remediation, thus accelerating secure payments and easing operational drag.
Importantly, ACS embodies the growing convergence of finance and technology.
As Greg Hodges, Head of Trust and Safety at J.P. Morgan Payments, notes, this innovation merges the “stability and security of a bank with the agility and flexibility of a technology company.”
In an era where 80% of companies report attempted payments fraud, tools like the Account Confidence Score are no longer optional – they are foundational.
For businesses seeking to protect their capital, reputation, and client trust, ACS represents a compelling new layer of defence in the ongoing battle against digital fraud.
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