JP Morgan's Treasury Services Ranked #1 in ACH Originations in 2008

Electronic payments continue to be adopted by business and consumer users alike. J.P. Morgan's ACH-based payment tools enable clients to securely take advantage of the simplicity and efficiencies made possible by electronic payments.

"J.P. Morgan is proud of the leadership role we hold in the payment industry and appreciate the confidence our clients place in us to execute their payment transactions," said Pat Thelen, executive director, ACH and Global Check Deposit product executive, J.P. Morgan Treasury Services. "As a leader in the ACH industry, we look forward to driving new products and services arising from the ongoing convergence and consolidation of check and ACH transactions while sustaining the integrity of the network."

J.P. Morgan's fully scalable platform, advanced electronic systems and proprietary software set the industry standard for quality and fraud protection in ACH products and services. J.P. Morgan takes fraud prevention seriously and is constantly working to enhance safeguards built into payment products while supporting the industry's efforts to maintain network fraud protections. The company has introduced a number of new services to help reduce the risk of fraud including:

• ACH Transaction Review - Available through J.P. Morgan's Payables Web ServicesSM, this fraud mitigation tool enables clients to review and confirm ACH debit and credit transactions online and return unauthorized transactions on a case-by-case basis.
• ACH Debit Blocking - When an originating company attempts to post ACH debits to a client's account(s), the system immediately compares the incoming company identification (ID) number with a list of authorized company ID numbers. This tool enables clients to block unauthorized ACH debits automatically from posting to their accounts.

Additionally, J.P. Morgan clients can subscribe to ACH Preemptive Processing Intelligence (PPI), the firm's proprietary PPI database that monitors items for ACH eligibility, as well as notice-of-change information in order to identify and correct transactions prior to being submitted to the network. Potential exceptions are identified earlier, which increases the speed of payment collection, improves cash management and lowers costs.

The Dynamic Future of Payments

The payment industry continues to be one of the most dynamic in the financial services business.

"We believe the future of the ACH industry holds tremendous opportunity as electronification drives the development of products and services that enable our clients to manage their payment transactions more efficiently and effectively," explained Sue Webb, executive vice president for J.P. Morgan Treasury Services. "We've proven our leadership in the past, having championed new products and services to the industry such as ARC, and expect to be a key player in introducing the next generation of offerings."

J.P. Morgan continues to expand its ACH business, both in the U.S. and globally. J.P. Morgan's recently launched Global ACH provides a single gateway for high volume multicurrency payments and collection services across multiple regions. Clients now have access to full SEPA credit and debit services from J.P. Morgan accounts domiciled in Belgium, France, Germany, Ireland, Italy, Netherlands, Spain, Switzerland and the UK.

Indicative of J.P. Morgan's commitment to quality, the bank has achieved and maintained ISO certification for all domestic and international ACH transactions processed through its state-of-the-art facility. The bank has a straight-through processing rate of 99 percent and maintains dual processing capabilities. Additionally, J.P. Morgan monitors the quality of transactions and customer satisfaction as a regular pattern of doing business. The firm also maintains dedicated remote contingency sites, which supports operations and business continuity in the event of an emergency or disaster.

For more information on J.P. Morgan's ACH products and services visit http://www.jpmorgan.com/ts.