Treasury and Payments
Moving money faster: Driving 7-day-a-week book transfer processing
In today’s global environment, payments never stop. So, at J.P. Morgan, we asked, why should payments processing?
Five. That’s the number of days each week that U.S. dollar (USD) clearing is currently facilitated. But in this rapidly changing digital banking landscape, financial institutions need to adapt to client demand. And that demand calls for book transfer processing not just five days a week, but every day. Announcing our move to seven-day-a week USD clearing of book transfers. It’s an innovative solution we are phasing in . . . first extending clearing open times by one additional day in Q3 2022 to ultimately being open every day in 2023. So, you can move money faster and process your book transfer wires earlier—a powerful tool for everyone, but especially impactful for those in the EMEA and Asia Pacific time zones.
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