J.P. Morgan Pilots Agentic Fraud Tools
J.P. Morgan Payments is piloting agentic fraud risk tools with merchants as AI agents become more common [https://thepaypers.com/payments/news/mirakl-and-jp-morgan-payments-partner-on-agentic-commerce-infrastructure]. What data do they analyze?
The J.P. Morgan Payments pilot program with merchants analyzes data to manage agentic fraud risk and facilitate secure payments when integrated with consumer agents. This is particularly important as AI agents increasingly handle shopping and transactions. J.P. Morgan's partnership with Mirakl on agentic commerce infrastructure combines Mirakl's Nexus platform with J.P. Morgan Payments' payment processing and fraud management. Mirakl Nexus optimizes product catalogs for AI discovery across channels like Gemini, Copilot, and Perplexity. J.P. Morgan Payments provides secure transaction processing, tokenization, and fraud protection. The system gives AI agents accurate product information, pricing, and inventory data, enabling user-controlled purchasing. J.P. Morgan also uses tools like the Account Confidence Score (ACS) which analyzes variables such as account age, transaction history, and geographical patterns to assess fraud risk. This helps merchants avoid issues like business email compromise and invoice fraud. According to J.P. Morgan, governance is key in agentic commerce, including verified agent identity, user consent, spending limits, and interoperability. The company aims to make AI autonomy safe and auditable with bank-grade risk management.
