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Industry analyst firm Celent recently honored JPMorgan with a "Model Bank" award for the firm’s new and innovative JPMorgan ACCESS security technology.
More»Friday, Sept. 28, the RI Department of Labor and Training received a Best Practices award from JPMorgan Chase for the department's implementation of Income Support electronic payment cards.
The Texas Workforce Commission last week began issuing debit cards through JPMorgan Chase to pay unemployment benefits, which so far this year have averaged $97 million a month.
On May 17, U.S. Ex-Im Bank approved a $610 million loan guarantee to finance U.S. exports of equipment to expand Chartered Semiconductor Manufacturing's Fab 7 facility in Singapore. The deal is the largest to date for Ex-Im's Structured Finance Division in fiscal year 2007. JPMorgan Chase is the arranger and guaranteed lender.
JPMorgan Chase is the first financial services company to achieve accreditation by the Electronic Healthcare Network Accreditation Commission (EHNAC) for electronic healthcare processing. Display of the EHNAC logo represents our adherence to a strict set of healthcare processing standards in accordance with HIPAA guidelines.
The Export-Import (Ex-Im) Bank of the United States has named JPMorgan Chase 2007 Small Business Lender of the Year, in recognition of JPMC's support of exports by U.S. small businesses to buyers around the world.
Processing more than 600,000 euro payments per month, JPMorgan AG is an innovator in the euro market. Clients around the world recognise our leadership in this industry and substantial investment in our cash management solutions. This newsletter provides information on the latest euro market developments and trends.
Business Finance magazine's annual treasury survey, sponsored by JPMorgan Chase, reveals that treasurers' top-of-mind issues include improving internal efficiency, the Internet and financial industry consolidation.
JPMorgan Chase Treasury Services has been awarded the Best Corporate/Institutional Information Security Initiatives in North America and globally by Global Finance magazine in its annual World's Best Internet Banks competition. Through this new proprietary technology, clients using JPMorgan ACCESS authenticate themselves as the user of the system, as well as the transaction they are working on, in one secure step. In addition to offering powerful security and ease-of-use, the technology is extremely portable.
In its July 26, 2006 edition, American Banker discuss the opportunity many U.S. Bankers are sensing from the single payment system European bankers are building. The basic idea behind Sepa — the Single European Payment Area — is to create one automated clearing house network that would eventually replace the 25 national ones that European leaders say have hobbled the continent's economic integration.
In order to assist our clients with compliance required under Regulation "F", JPMorgan Chase Treasury Services provides financial highlights on a quarterly basis. We consistently meet the benchmark guidelines as defined by the Federal Reserve Bank, which serve as a standard to measure the financial strength of correspondent bank(s) for overnight credit and settlement exposure.
American Banker reports an increased volume of automated clearing house transactions formats, particularly WEB and TEL, are attracting a certain degree of fraud.
American Banker covers JPMorgan Chase's introduction of Image Cash Letter Services. The service handles a large number of check deposits, converts them into electronic files then transmits the converted files to the bank for deposit.
Business Finance reports in "The Changing Face of Treasury Investments" by Karen M. Kroll how Internet-based trading technologies have made inroads into cash management functions -- providing time savings and wider investment options for Treasurers.
JPMorgan Treasury and Securities Services earned top honors in three categories at the 2006 The Asset "Triple A" Transaction Banking Awards.
Global Finance brought together some of the leading figures in global treasury and cash management to discuss the prospects for the industry's future. Al Carpetto, senior vice president and western hemisphere sales executive for JPMorgan Chase Treasury Services, participated in the sponsored roundtable that touched on hot topics for today's treasurers.
Just over a third (37%) of AFP Annual Conference attendees feel their organization is well-prepared to handle an event similar to Hurricanes Katrina and Rita, according to a survey from Monday morning's concurrent sessions.
With responsibilities that include managing trillions of dollars through the global financial markets each day, AFP members play an essential role in the U.S. economy, and in the days following the hurricanes, they struggled to deal with a range of issues.
Just over a third of treasury and finance professionals feel that their organization is well prepared to handle an event similar to Hurricanes Katrina and Rita, according to a survey conducted at 2005 Annual Conference of the Association for Financial Professionals (AFP).
As reported by Bank Systems & Technology, JPMorgan Chase's Paul Simpson discusses the convergence of finance and logistics with Information Week, explaining how the firm's acquisition of software provider Vastera will enable trade services customers to optimize cash flows and liquidity, while ensuring seamless customs compliance, supply chain performance and documentation fulfillment.
Alan Koenigsberg, vice president and global ACH senior product manager for JPMorgan Chase Treasury Services, tells Bank Technology News that ACH is not only a large business concern. He explains why small businesses should reconsider ACH not only for direct deposit but also for business-to-business payments.
Alltel Communications has recognized JPMorgan Chase's National Retail Lockbox program with its "Processor of the Year" award for achieving 12 months of perfect performance from our Phoenix processing site.
Fortune magazine ranks Heidi Miller #28 on its list of the "50 most powerful women in American business."
The executive vice president and head of JPMorgan Chase Treasury & Securities Services made the list compiled by U.S. Banker magazine, which focuses on leaders who use their influence internally and externally to derive better results.
In its September 2005 edition, Global Finance magazine highlights the “most important, influential, creative and powerful people in international treasury and cash management." Four JPMorgan Chase Treasury Services executives earned a spot on the prestigious list.
Jim Wilson, JPMorgan Chase Vastera's vice president of trade management consulting tells Containerisation International (CI) magazine that companies deriving the most from the JPMorgan Chase Vastera's integrated solutions — in terms of financial savings and increased operational efficiencies — are those with complex supply chains and products, such as in the automotive and IT industries, or those with sensitive products, whose access to certain countries is controlled or restricted.
Multichannel Merchant magazine cites a report from trade consultancy, JPMorgan Chase Vastera, that offers five reasons to find an external contractor to manage your international transactions and avoid penalties for not complying with international rules and stringent security regulations.
A study conducted by JPMorgan Chase Vastera indicates that a large majority of U.S. exporters risk losing millions of dollars by not taking advantage of duty savings associated with new preferential free trade programs such as the U.S.-Australia Free Trade Agreement. In a report detailing the details of the study, Supply Chain Review magazine cites a global manufacturer that has identified $3 million annually after outsourcing its duty minimization program.
When do you outsource? When it's not a core competency and it's better to invest your resources elsewhere, reports Purchasing magazine, citing the example of International Truck and Engine Corporation. The Warrenville, IL, company turned to outsourcing to drive its importing processes and gleaned immediate results from third-party global trade management provider Vastera, a JPMorgan Chase company.
Treasury Management International magazine brought together corporate treasurers and bankers — including Al Carpetto, senior vice president of Western Hemisphere Sales for JPMorgan Chase Treasury Services — to discuss key issues in cash and treasury management. The roundtable discussion, hosted in part by JPMorgan Chase, covered a wide range of subjects, including working capital management, payment electronification, fraud, technology, liquidity and Sarbanes-Oxley regulation.
Treasury and Risk Management magazine reports that JPMorgan Chase, with its acquisition of Bank One, has a much-enhanced presence in lockbox at a time when bankers are starting to use lockbox databases to help treasurers evaluate their accounts receivables performance.
Business Finance magazine's 3rd annual treasury survey reveals that treasurers' top-of-mind issues include improving internal efficiency, leveraging Check 21 and preventing fraud.
In its July 2005 issue, Global Logistics & Supply Chain Strategies magazine named JPMorgan Chase Vastera among its 100 Great Supply Chain Partners. The awards recognize providers whose technology, logistics, transportation or consulting solutions have made a significant impact on companies' efficiency, customer service and overall supply chain performance.
The Association for Financial Professionals conducted a survey in February 2005 to throw light on the nature and frequency of fraudulent payment attacks that its members' organizations experienced during 2004, and the internal measures and bank services that they use to control check and ACH fraud.
Industry experts largely agree the biggest obstacle to widespread adoption of a universal language for payables and receivables straight-through processing is the price tag for investments in A/P and A/R systems. Banks are playing a leading role in developing XML standards as a cheap and easy-to-implement payments solution that also can be used for electronic data interchange to support the supply chain.
The recent announcement by JPMorgan Chase to acquire Vastera, a Virginia-based firm that supplies global trade information solutions, is garnering high praise from Trade Finance and World Trade magazines. The deal underscores the corporation's commitment toward the trend of merging financial and logistics supply chains.
In a January 2005 readership survey co-sponsored by JPMorgan Treasury Services, Treasury & Risk Management magazine explores the key business issues and drivers affecting middle market companies. Findings are based on the responses of 445 finance executives from companies with annual sales less than $1 billion (two-thirds of which report annual sales between $100 million and $500 million).
Global Finance magazine released its rankings for the "Best Treasury and Cash Management Banks and Providers for 2005". JPMorgan earned North America's top spot in several disciplines.
JPMorgan Treasury Services earned top honors in three categories at the 2005 "Triple A" Asian awards sponsored by The Asset magazine.
Euromoney magazine has awarded JPMorgan Treasury Services four International Cash Management Awards based on client feedback from an independent study.
While Check 21 presents numerous opportunities for banks — enhanced risk management, reduced costs, among others — these must be weighed against the immediate challenges of implementation.
A recent survey co-sponsored by Business Finance and JPMorgan Chase shows how treasurers are using new technologies to cut costs and accelerate cash flow.
David D'Silva, receivables executive with JPMorgan Treasury Services, tells Business Finance magazine, "In years past, a lockbox was purchased to speed up mail and funds collection, but in today's world, clients are interested in information flow and how fast they can get receivables information so they can post it, release product, or make borrowing and investing decisions."
All payments to and from JPMorgan Chase Bank London's primary cash nostro must now conform to new payment format rules imposed by the Central Bank of Mexico for Mexican Pesos (MXN).
A leading Qatar publication has reported that JPMorgan presented Qatar National Bank (QNB) with a quality award in recognition of its outstanding and high-quality operational performance in the area of funds transfers.
In an interview with Dialogue magazine, Heidi Miller, CEO of Treasury & Securities Services for JPMorgan, talks about drivers for growth in financial services.
An industry roundtable, hosted by SWIFT's Dialogue magazine brought together representatives from banks, technologists and infrastructure providers to assess the impact of pressures on the future shape of the industry.
The U.S. payments system has several unique characteristics, not least of which is the degree of competition between public and private sector infrastructures in both high value and bulk payments.
FinanceAsia.com features Yung Sheng Lee, JPMorgan's new public sector sales head.
In-house banks are becoming increasingly popular among larger multinational corporations. They may not work for all big companies, though.
The many varieties of Letters of Credit can take an average of 15 days to complete as bankers pore over a transaction's minutia looking for indiscernible discrepancies. Now thanks to the emergence of Web-based trade finance, treasurers may finally be able to reduce the inefficiencies that make trade a cash management nightmare.
In its inaugural awards issue, Trade & Forfaiting Review magazine recognizes JPMorgan as the best trade-finance provider in the Cash, Trade and Treasury category.
Foreign Exchange has always been an integral part of the cash management chain, particularly in Europe. The introduction of the euro has not changed this essential fact, according to Steve Groppi, regional executive for Europe, Middle East and Africa (EMEA) for JPMorgan Chase Treasury Services.
Companies are outsourcing more of their treasury functions while tighter and more intrusive regulation adds to the complexities of cash management.
JPMorgan Treasury Services is Asia Pacific's leading provider of cash management services for financial institutions, according to AsiaMoney magazine's 2004 Cash Management Poll.
In addition to blending two cash management leaders, the merger of JPMorgan Chase and Bank One merges some of the most influential people in finance, according to Treasury & Risk Management magazine.
Holding currency in its indigenous country provides significant liquidity benefits, but clients often have specific reasons for maintaining U.S. dollar accounts outside the country.
In this shaky economic recovery, finance executives face a difficult decision: should they continue to stockpile liquidity? Or should they start converting cash into inventory and capital investments that will position their organization for growth?
The expanding speed and quality of payments channels means that banks will have to offer something more than just delivery mechanisms for moving messages from point to point.