J.P. Morgan Treasury Services Makes Enhancements To Its Online, Integrated Payables Application

J.P. Morgan's Treasury Services business, a full service provider of cash management, trade finance and treasury applications, has made important enhancements to its online payables solution, Payables Web Services. These enhancements allow clients to manage automated clearing house (ACH) debit

By None

J.P. Morgan’s Treasury Services business, a full-service provider of cash management, trade finance and treasury applications, has made important enhancements to its online payables solution, Payables Web Services. These enhancements allow clients to manage automated clearing house (ACH) debit and credit transactions and mitigate fraud online, as well as streamline check printing. Payables Web Services are made available through the bank’s online portal, JPMorgan ACCESSSM.

“In today’s rapidly changing business environment, secure management of the payables function is more critical than ever for our clients,” says Iqbal M. Khan, executive director, J.P. Morgan Treasury Services. “At J.P. Morgan, we have always placed the highest priority on ensuring that our clients have the tools they need to execute their business in the most efficient ways possible. These enhancements to our leading-edge Payables Web Services are evidence of that commitment.”

By bringing enhanced electronic management to the bank’s online payables solution, J.P. Morgan also further extends the paper to electronic progression, allowing clients to streamline their payables processes while gaining online access to a richer data pool of critical information.

Enhancements to Payables Web Services support the bank’s announcement in the fall of 2008 to increase its service capabilities. With an investment of $1 billion, J.P. Morgan is growing its infrastructure and integrating capabilities globally to meet clients’ increasing need for cash management tools and services.

D.C.

«