JP Morgan makes enhancements to Global ACH
10/02/2009
JP Morgan's Treasury Services business has gone live with the first phase of planned enhancements to its international mass payments operating platform.

Fuente: www.bankingtech.com  Publicado: 10.02.2009

The enhancements should deliver immediate benefits to clients using the bank's Global ACH service, including later cut-off times for receipt of payment instructions and intelligent routing which automatically selects the most expeditious route if a cut-off is missed.
Global ACH provides a single gateway for high volume multicurrency payments and collection services across multiple regions.  Clients should also now have access to full SEPA credit and debit services from JP Morgan accounts domiciled in Belgium, France, Germany, Ireland, Italy, Netherlands, Spain, Switzerland and the UK.

Alex Caviezel, head of JP Morgan Treasury Services in Europe, Middle East and Africa, said:  "These payment platform enhancements will provide clients with more options to manage their payables and receivables processes more efficiently.  The new capabilities are part of JP Morgan Treasury Services' $1 billion global expansion and investment plan, which was announced last September."