JPMorgan Chase has launched an online
invoicing and cash management solution, Zip, for SMEs.
Zip will make it easier to send invoices and
bills, the bank said.
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The new service is available free to JP Morgan
Chase’s Ink customers. Ink is JP Morgan Chase’s business card
portfolio.
Ink customers can then upgrade to Zip Pro,
which allows them to add a suite of automated and online processing
options at a fee.
The new Zip service deploys the PaySimple
platform and allows customers to access their invoicing system
anytime online.
Ink said the new venture will save and track
bill numbers, taxes and late payments for invoices sent online. Zip
Pro will allow cash flow and payments to be easily tracked and
exported to account software.
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By GlobalDataRichard Quigley, CEO of Ink from Chase
said:
“Receiving prompt payment is a care need for
small businesses, so we have made free invoicing a core benefit of
having an Ink from Chase card.”
“Zip offers small business owners an easy,
smooth invoicing tool and provides their customers greater ease
when paying their bill. With Zip, Ink from Chase cardmembers will
be better equipped to realize time savings, profit and future
growth.”
