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J.P. Morgan helped HP to realize its goal of implementing a global infrastructure to consolidate and standardize payment processing throughout the Asia Pacific Region.
More»Beam Global sought to further improve its successful corporate card program in order to reduce late fees, achieve superior spend control and visibility, and satisfy travelers with a quick and easy reporting and reimbursement process.
The Italian pension entity, Istituto Nazionale Previdenza Sociale (INPS), sent public notices to all Italian financial institutions requesting their participation in a bid for executing pension payments to 409,000 Italian pensioners in 134 countries. Paolo Raffone, ICBPI pension payment project manager and Angela Lupi, First Line Bank manager, looked to J.P. Morgan Treasury Services. "We chose J.P. Morgan because of their US footprint, as they had many branches. We wanted our project to be with a very solid institution" said Mr. Raffone.
ServiceMaster worked with J.P. Morgan's Expansion Services — a specialized group within the bank's Commercial Card unit — to review the card program and look for ways to increase control while still enjoying the benefits of the card program. Single-Use Accounts turned out to be just the solution ServiceMaster was looking for.
In response to this ongoing challenge, Embryon has created proprietary platforms to streamline its products and services, most notably its Speakers Bureau offering. These innovations resulted in sales levels that grew in excess of 75% in the 2004- 2005 time frame. However, along with this success came yet another challenge. Embryon now needed to manage the Speakers Bureau credit card activity, a growing administrative and financial burden, with greater efficiency. They evaluated several solutions, ultimately selecting Single-Use Accounts from J.P. Morgan.
As with any marketplace, customers in Hong Kong demand excellent service with clearing and settlement. The Bank of East Asia has reaped tangible business benefits in the straight-through processing and excellent service they have experienced with J.P. Morgan. These benefits have translated into time and manpower savings the bank was able to redeploy to other initiatives.
As a flexible total program management system, PaymentNet allowed Moen to create a hierarchy to match their organizational structure. With detailed reporting from J.P. Morgan and Gelco, Moen is able to assess spend data by vendor, category, and division in order to identify questionable charges and audit for compliance. Gelco's CardLink makes it virtually impossible to hide transactions; automatically reports all un-submitted credits; and requires reconciliation of outstanding transactions which has increased both accuracy and compliance.
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