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J.P. Morgan Payments has partnered with digital payments platform Checkbook, allowing J.P. Morgan’s corporate clients to leverage digital checks for faster, more efficient transactions. This collaboration, part of the J.P. Morgan Payments Partner Network, was announced on Monday (Nov. 4), and aims to streamline payment processes for corporate users.
“Digital checks add security and speed to payments, giving recipients greater flexibility with an additional option for receiving funds,” the companies said in a press release. With Checkbook’s platform, clients can shift to digital checks, enhancing their disbursement processes. Recipients benefit from the ability to print digital checks at home and deposit them electronically, leading to a faster, more convenient payment experience.
Key advantages of using digital checks include accelerated payment processing, reduced costs and administrative burdens, and the option for customizable check designs. Additionally, Checkbook’s dashboard provides tracking and reporting tools, offering users comprehensive insights into their payment activities.
“We’re excited to welcome Checkbook to our Payments Partner Network, empowering clients with their innovative digital check solutions,” said Jason Tiede, J.P. Morgan Payments’ global head of corporate development and partnerships. “With one of the largest networks and hundreds of technology partners, we connect clients to advanced payment solutions backed by our firm’s trust and security, creating integrated experiences that support business growth.”
Checkbook CEO PJ Gupta noted that the partnership aligns with Checkbook’s mission. “Our collaboration with J.P. Morgan Payments reinforces our dedication to delivering advanced payment solutions that address the changing needs of modern businesses,” Gupta said.
Earlier in August, Checkbook expanded its payment operations, enhancing check and payment capabilities for B2B applications in sectors such as rental, legal, government, and banking. “Checkbook’s enhanced check services aim to bridge traditional and digital payment methods, meeting clients wherever they are in their digital transformation,” the company stated in an Aug. 22 announcement.
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