JPMorgan expands payments partner network to 120 companies
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In 2023, JPMorgan Chase formed a payments partner network to embed payment products into the business software used by customers, simplifying workflows and reducing the need for customers to switch between different platforms. Over the past three years, the network has continued to expand and now works with approximately 120 companies, including Visa, Ingenico, and Epic Systems. About 30 employees in the payments division are responsible for partner development, investment, and M&A opportunities, with approximately 75% focused on partner relationships and ongoing monitoring. JPMorgan Chase typically makes non-controlling investments of less than 5% equity; earlier reports said that fewer than one-third of partners had received investments, and the latest report has not updated this proportion.
AI-written from reports · updated 4 days ago
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- Payments DiveJPMorgan Chase integrates client software through a payment partner network and explores investments and acquisitions
Since establishing its payment partner network in 2023, JPMorgan Chase has partnered with around 120 companies to streamline workflows by embedding payment products into the enterprise software used by clients. The network has about 30 employees responsible for partner development, investments and acquisitions, with around 75% focused on partner relationships and ongoing monitoring; the bank typically makes non-controlling investments of less than 5% equity, and fewer than one-third of partners receive investment.
- Banking DiveJPMorgan Chase expands its payment partner network to approximately 120 companies
JPMorgan Chase has continued expanding its payment partner network over the past three years, with approximately 120 companies now participating, including Visa, Ingenico, and Epic Systems. The network reduces the need for customers to switch between platforms by integrating payments into the enterprise software they use; approximately 30 employees in JPMorgan Chase’s payments division are responsible for partnership development, investment, and M&A opportunities, typically making non-controlling investments of less than 5% equity.
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