Chase CEO for Business, Ben Walter, expressed the bank's commitment to small business owners, stating, “We want to be good partners to our business clients and that means listening to them and creating products and services that meet their needs.”
Small business owners will now be able to electronically create and send invoices through a new digital invoicing solution offered by Chase. This service aims to help businesses get paid faster and more efficiently. In a recent survey, 86% of small business owners emphasized the importance of sending and receiving invoices quickly.
Chase is also introducing Customer Insights, a business intelligence platform that provides actionable insights to help business owners reach customers more effectively and make better strategic decisions. Customers who use Chase to accept credit card payments will have access to valuable data about their businesses, such as customer profiles and sales trends.
In addition, Chase has implemented an online Payments hub that offers secure options for paying vendors and employees, including real-time, same-day, and standard ACH payments. The bank is one of the first to provide these payment options without a flat monthly fee.
Furthermore, Chase has launched Tap to Pay for iPhone, allowing business customers to accept contactless payments using their iPhones. This feature is available exclusively to businesses using Chase QuickAccept and enables them to accept various forms of contactless payments seamlessly and securely.
As part of National Small Business Month, Chase for Business is hosting educational and networking events for small business owners. The events, named 'The Experience,' provide opportunities for learning, networking, and thought leadership sessions to help small business owners grow. Chase for Business will also host the Make Your Move Summit, a three-day conference aimed at bringing together small business owners, experts, and industry leaders to exchange ideas and network.
Chase, the U.S. consumer and commercial banking business of JPMorgan Chase & Co., continues to innovate and support small businesses with a broad range of financial services, including personal banking, credit cards, mortgages, and small business loans. With assets of $4.1 trillion and operations worldwide, Chase serves millions of consumers and small businesses across the United States.