Key Points
Sept 27 (Reuters) - The U.S. Treasury Department has designated JPMorgan (JPM.N) to provide account validation services for federal government agencies, the investment bank said on Wednesday...
JPMorgan will verify critical information for the federal government before payments are issued..
The bank has taken on different roles in recent years, advising Treasury as it digitizes its payment systems and modernizes operations to pay and receive money from citizens and businesses more efficiently...
"This is a significant testament to our capabilities and this work will help to provide money to Americans faster, safer, and more accurately while also saving taxpayer dollars," said Takis Georgakopoulos, JPMorgan's global head of payments...
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