How Entity Validation Services by J.P. Morgan empower businesses
4 March 2025
Payment fraud poses a growing risk in today’s digital-first economy. Without effective tools to help ensure the authenticity of transactions, businesses risk exposure to criminal activity, compliance challenges and reputational harm.
Entity validation is one of these tools. It helps ensure that each transaction aligns with the identity of the participating individual or organization. This verification process is key to mitigating risks such as fraud or misdirected payments.
Entity Validation Services (EVS) leverages advanced technologies to validate identities, businesses and party list screens against a comprehensive network of internal and third-party data sources. Designed for both B2B and B2C use cases, EVS supports a wide range of industries, including financial services, e-commerce, healthcare, and others requiring robust identity verification. While primarily geared toward payment-related transactions, it can also be used for onboarding, and fraud prevention across various applications.
Using a combination of real-time API integrations, machine learning models, and extensive data partnerships, EVS verifies key details such as names, addresses, government-issued IDs, and account ownership. The service’s accuracy is built on J.P. Morgan's global network and expertise in financial security, aiming to ensure businesses can trust the results to make informed decisions. By providing reliable, scalable, and secure validation solutions, EVS helps businesses confidently approve transactions, onboard clients, and help mitigate risk.
Advanced verification for individuals and business entities
EVS conducts thorough verification checks, leveraging the expansive global data network and leading technologies of J.P. Morgan Payments. For individuals, we validate:
- Names and dates of birth
- Residential addresses
- Government-issued identification numbers
And for business entities, Entity Validation Services validate:
- Business names and principal addresses
- Beneficial ownership details
- Authorized signatories and controllers
These checks provide businesses with detailed insights into their counterparties, enabling compliance and reducing the risk of processing payments for unverified or fraudulent accounts.
Near-real-time results through API integration
API-driven EVS simplifies and accelerates validation. Near-real-time responses enable businesses to make swift, transparent transactions without disrupting operations.
Designed with flexibility in mind, the platform from J.P. Morgan allows for integration into existing systems. Businesses benefit from a reliable, trustworthy solution with access to a robust global payment network.
The benefits of using Entity Validation Services
Fraudulent transactions are costly and damaging. By identifying discrepancies or irregularities in entity information, Entity Validation Services helps to minimize the chances of misdirected funds and fraudulent activity. By automating manual validation processes, EVS helps businesses save time, reduce costs and improve accuracy.
Furthermore, regulatory requirements around fraud prevention and know your customer (KYC) are increasing globally. Upcoming regulation changes, such as Nacha's fraud mitigation rules in the U.S., emphasize the importance of robust validation systems.
Validation Services from J.P. Morgan Payments offer a unified API for both Entity Validation and Account Validation Services. These services include batch validation, enabling businesses to verify up to 2,000 records simultaneously, and provide access to an extensive global payments network. The flexible design supports various connection protocols and facilitates easy integration, tailored to the specific needs of businesses.
Learn more about safety and security enhancements for payments
Interested in strengthening your security and streamlining operations? Explore the range of Validation Services offered by J.P. Morgan, including Account Validation. Discover how these solutions help protect businesses and simplify payment processes.