Chase Rolls out New Card Offerings to Help Mid-
Size Companies Control Costs, Improve Efficiency
Chase Introduces New Single-Use Accounts Solution, Reporting and Management Capabilities, and
Upgraded Rewards and Executive Card Programs
May 12, 2010 09:57 AM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--Chase today announced that it is offering new commercial card
payment solutions and capabilities to its sizable mid-market corporate client base. As part of its continued initiative to
enhance the power and scope of its commercial card offerings, Chase is introducing Single-Use Accounts
technology to middle market businesses and offering new online reporting and program management capabilities. The
bank also has revamped its mid-market corporate rewards program and introduced a streamlined Executive Card
program.
“These improvements provide payment solutions to help mid-sized businesses control costs, improve working
capital, streamline accounts payable processes and improve visibility into spending,” said Eduardo Vergara, Global
Commercial Card Executive, JPMorgan Chase Businesses. “As a banking partner, Chase also provides an
integrated reporting solution, compelling rebates and strong card acceptance, while ensuring that cardholders are
served well.”
Single-Use Accounts
Chase has developed a Single-Use Accounts or ‘virtual card’ solution that enables mid-market clients to
automatically generate one-time-use-only credit card numbers to pay for larger, single purchases. Unlike other
Single-Use offerings, Chase has integrated the solution with its own in-house Order-to-Pay network and user
interface to enable program administrators to leverage additional value from advanced workflow tools, electronic
invoicing and settlement capabilities. Clients also have increased opportunities to capture early payment discounts.
Single-Use Accounts provide customers with the flexibility, float and rebate of a purchasing card while delivering
powerful security, antifraud and reconcilia