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Blockchain for Banking • News

JP Morgan partners Nacha for ACH and blockchain account validation

April 28, 2025
by Ledger Insights
JP Morgan

JP Morgan’s blockchain division Kinexys has partnered with Phixius by Nacha to help pre-validate bank accounts prior to making US payments using ACH. Kinexys Liink will become one of the validation solutions offered by Phixius by Nacha. The National Automated Clearing House Association (Nacha) manages the ACH payment network, one of the primary payment rails in the United States. Phixius is an API that enables banks to access validation information from ten different solutions.

Many people make errors when they send a payment. As payments get faster, the need to ensure the payment recipient is the correct one has become a global requirement. It’s expensive for banks if they route the payment inaccurately because of incorrect details. Hence, one of the features of Kinexys Liink is Confirm, an account validation service that allows for the validation of billions of bank accounts around the world.

It’s been almost eight years since JP Morgan launched Liink which was originally called the Interbank Information Network. The original aim of the permissioned blockchain data sharing network was to address compliance queries, especially across borders.

The Kinexys – Nacha collaboration is a two way relationship. Kinexys Liink will use Phixius for its US account validation. And Phixius users can use Liink to validate global bank accounts.

“Kinexys Liink and Phixius customers can benefit by validation services using data provided by either network, helping to mitigate payment fraud and reduce potential ACH returns,” said Rob Unger, Managing Director of ACH Network Development at Nacha.

Meanwhile, the highest profile Kinexys offering is Digital Payments (formerly JPM Coin). Kinexys also supports intraday repurchase agreements (repo), tokenized collateral and bond issuance.


Image Copyright: Fr3ank33 | Dreamstime.c
account validation ACH blockchain distributed ledger DLT jp morgan Kinexys Liink Nacha payments
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