Group 1 - JPMorgan aims to enhance the secure exchange of payment information through its Kinexys Liink system, focusing on sovereignty, security, and privacy [3] - The integration of Nacha's Phixius network with JPMorgan's Kinexys Liink system allows real-time verification of U.S. accountholders' information, improving operational efficiency and reducing payment errors [7] - The partnership between JPMorgan and Nacha reflects a growing interest in peer-to-peer payment platforms, with significant increases in payment volumes reported [4][5] Group 2 - In 2024, peer-to-peer payment volume on Nacha's ACH network increased by approximately 20%, reaching 469.7 million payments valued at $776 billion [5] - Zelle reported a 20% rise in payment volume last year, with a total of $1.2 trillion sent through its network [5]