Chase Card Services has unveiled Ink, a suite of business cards developed specifically for small businesses. This new business card portfolio includes four cards – Ink Bold, Ink, Ink Plus and Ink Cash – to deliver the needs of small business owners and marks Chase’s introduction of a pay-in-full charge card – a first from issuers of Visa or MasterCard.
Richard Quigley, president of Ink from Chase at Chase Card Services, a division of JPMorgan Chase, said: “As a long-time bank for small businesses, we listened intently to the powerful aspirations and unique needs of small business owners for more control, flexibility and rewards in how they manage their business finances. We designed Ink to help keep small businesses balanced and moving ahead so they can continue to succeed.”
Mike Nagle, general manager of Chase Card Services, said: “70% of small business owners spending is done through checks – the same payment method that has been used for generations. We’re revolutionizing this approach by giving small business owners more benefits for using their card. As the next generation of small business payment solutions, Ink from Chase gives small business owners the tools to simplify financial reporting, manage their cash flow and maximize reward benefits.”
Analyst Ken Paterson, VP and director of the Credit Advisory Service, Mercator Advisory Group, said: “The country’s 27 million small businesses are critical to driving our economic recovery. Chase’s product initiative provides small businesses a range of credit, payment and financial management resources that have been constrained in recent months, and I’m delighted to see companies like Chase listening to small business owners and offering them the financial footing needed to succeed.”
