The Checkbook digital payments platform has joined the JPMorgan Payments Partner Network.
As a result of the implementation of the mentioned partnership, corporate clients of JPMorgan, the largest bank in the United States, will be able to send digital checks. The relevant information is contained in the press release, published by the parties to the cooperation last Monday, November 4.
In the mentioned press release, it was also separately noted that virtual checks contribute to improving the security of payment transactions. Moreover, attention was drawn to the fact that in this case, the process of performing financial transactions of the specified category is accelerated. The press release also contains the statement that for consumers, the use of digital receipts means more freedom. Besides, in this case, customers are provided with an additional method to receive funds.
Transitioning to digital checks through the Checkbook’s platform will help consumers streamline their disbursements and enhance their payment processes. The ability to print the mentioned checks at home and deposit them electronically means clients have access to a faster and more convenient payment experience.
The parties to the cooperation also mentioned in the press release such advantages of digital checks as cost reduction and reduction of administrative burden. Moreover, in this case, a customizable check design is provided.
Checkbook’s dashboard provides users with access to detailed tracking and reporting capabilities to gain a deeper insight into their payment transactions.
Jason Tiede, global head of corporate development and partnerships, at JPMorgan Payments, said this brand is thrilled to welcome the Checkbook to its Payments Partner Network, empowering clients with their cutting-edge digital check solution. He also stated that JPMorgan Payments, operating one of the largest networks with hundreds of partners, provides customers with access to advanced technological solutions, backed by the trust and security of the firm, to build powerful and integrated payment experiences that drive business growth.
PJ Gupta, chief executive officer of Checkbook, stated that the mentioned partnership highlighted his company’s mission. He noted that the collaboration with JPMorgan Payments once again underscores the commitment of the firm led by him to delivering advanced payment solutions that meet the evolving needs of modern business.
In August, Checkbook announced the expansion of its payment operations. At that time, the company stated that it had streamlined check and payment options for use in the B2B area across the United States, even as it saw growing interest from the banking sector, government sector, rental sphere, and the legal sector. In a press release of the firm published in August, it was noted that enhanced check capabilities aim to bridge the gap between modern and traditional payment technologies, while effectively onboarding customers at any stage of their digital transformation process.
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