TerraPay has integrated its TerraPay Verify service into the Liink Confirm application from Kinexys by J.P. Morgan, extending payee verification for participants on the Kinexys Liink network and TerraPay Verify clients across international markets.

The integration enables financial institutions and non-bank financial institutions connected to the Kinexys Liink network to validate bank account and digital wallet details before a payment is sent. The arrangement broadens access to verification tools designed to check recipient information in cross-border transactions.

The announcement comes as payment providers continue to face failed international transfers caused by inaccurate beneficiary details. A LexisNexis Risk Solutions study cited by the companies found that 10% to 15% of international payments fail because of incorrect recipient information, leading to delays, higher operating costs and greater fraud risk.

The problem has grown as cross-border payments increasingly move between traditional bank accounts and digital wallets. Verifying the end recipient before funds are released has become a more important control for institutions seeking to limit payment errors and reduce exceptions.

Kinexys by J.P. Morgan operates Liink, a network financial institutions use to share and confirm payment-related information. By linking TerraPay Verify to the Confirm application, the companies aim to give network participants broader coverage for checking recipient account and wallet details across multiple markets through a single connection.

For TerraPay, the deal also expands distribution of its verification product among institutions already connected to the Kinexys Liink network. The company, which focuses on cross-border money movement, said its verification service covers both bank account and wallet-based payment endpoints, reflecting the changing mix of payment methods in international transfers.

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