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10/21, 6:36 AM (Source: TeleTrader)
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JPMorgan to launch new payment service

JPMorgan Chase & Co. will launch the QuickAccept service, aimed to accelerate payments to merchants in the United States, company executives revealed in interviews with CNBC.

The tool will reportedly help small business owners with JPMorgan Chase accounts receive card payments faster via a mobile app or a contactless card reader, with their sales appearing on their accounts on the same day.

The bank has three million such users and plans to carry out a migration of the majority of them to the new service, CEO of Chase Business Banking Jennifer Roberts told the media outlet.

Breaking the News / MS