Treasury Taps JPMorgan For Account Validation Services, Contract Good For 5 Years
Portfolio Pulse from Khyathi Dalal
JPMorgan Chase & Co has been selected as the official account validator for the U.S. Treasury Department for the next five years. The bank will use its extensive network to verify critical payment information for the federal government before issuing payments. This contract is a significant testament to JPMorgan's capabilities and will help provide money to Americans faster, safer, and more accurately.
September 27, 2023 | 7:56 pm
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JPMorgan Chase & Co's new contract with the U.S. Treasury Department as the official account validator could boost its reputation and potentially its revenues.
The contract with the U.S. Treasury Department is a significant testament to JPMorgan's capabilities. It could enhance the bank's reputation and potentially increase its revenues as it will be providing account validation services to federal government agencies for the next five years.
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