ACI, J.P. Morgan Integrate Fraud Verification in Real-Time Payments
Event summary
- ACI Worldwide integrated Kinexys Liink’s Confirm application into its Fraud and Financial Crime solution.
- The integration embeds account and payee verification directly into payment workflows.
- Real-time payments fraud is projected to reach USD 7.6 billion globally by 2028, with nearly 80% of losses occurring on real-time rails.
- Kinexys Liink operates a blockchain-based data sharing network for secure information exchange across 70+ countries.
- ACI’s Fraud and Financial Crime solution supports cross-channel, real-time intelligence.
The big picture
The collaboration addresses a critical vulnerability in the rapidly expanding real-time payments ecosystem, where the lack of immediate verification creates a fertile ground for fraud. The increasing prevalence of authorized push payment (APP) scams, coupled with the irreversible nature of real-time transactions, necessitates proactive verification measures. This partnership positions ACI to capture a larger share of the growing market for fraud prevention solutions, particularly as regulators and consumers demand greater security and transparency.
What we're watching
- Adoption Rate
- The pace at which financial institutions adopt this integrated solution will determine ACI’s ability to capitalize on the growing demand for real-time fraud prevention.
- Regulatory Scrutiny
- Increased regulatory pressure surrounding APP fraud and real-time payments could force wider adoption of verification technologies like Kinexys Liink, benefiting ACI and J.P. Morgan.
- Competitive Landscape
- How other payment technology providers respond to this integration will shape the competitive dynamics within the fraud prevention space, potentially leading to further consolidation or innovation.
Related topics