JP Morgan’s treasury services business has expanded its services in Canada by introducing new check image and check printing capabilities. As a result, clients are able to further streamline internal processes related to payables and check disbursement management in Canada.
The check image archive provides clients with the ability to view images of paid Canadian dollar and US dollar checks drawn on a JP Morgan Toronto account using a secure online interface.
JP Morgan’s Check Print Service is now available via the online portal Payables Web Services. With this service, clients who hold Toronto accounts have a new option for printing and mailing their accounts payable checks. Clients submit a single check payment file to JP Morgan for printing and mailing of checks, as well as for use with JP Morgan’s Positive Pay fraud protection service. Checks are customized with company name and logo.
Amy Altersohn, VP of JP Morgan, said: “Clients are increasingly looking for a single bank solution to help them operate more efficiently. By enhancing our current payables capabilities in Canada with new check image archive and check printing services, clients are able to further automate treasury tasks, strengthen control of operations, and improve access to information.”
Chris Doria, executive of US Dollar clearing and Canada business, said: “The enhancements to JP Morgan’s Canadian payables capabilities are part of the company’s ongoing investment in Treasury Services systems, innovation and services designed to benefit its clients around the world.”
In Canada, JP Morgan offers a broad range of payables and receivables solutions, including ACH and high-value payments processing, over-the-counter deposits, foreign exchange, tax payments and wholesale lockbox services.
