Monday, April 26, 2010

TAWPI @ NACHA Payments

J.P. Morgan’s Treasury Services business continues to be the industry leader in ACH payments origination volume. J.P. Morgan was ranked first in ACH payments origination for 2009, according to NACHA, The Electronic Payments Association.

“J.P. Morgan’s commitment to quality has set the stage for our continued stability and our capacity to successfully support clients amidst the financial turmoil of the past year,” stated Pat Thelen, executive director, J.P. Morgan Treasury Services. “We are constantly challenging ourselves to improve efficiency, which enables us to help our clients further streamline their payment processes.”

J.P. Morgan continued its online payment growth in 2009, achieving an increase of 16 percent over the previous year. “This growth in electronic payments is a result of the increase in online payment transactions,” explained Thelen. “As consumers and small businesses increasingly adopt online banking tools that deliver a convenient, secure, electronic means of making payments, J.P. Morgan is helping clients manage these rising online banking volumes efficiently. While we continue to enable consumers to make payments electronically through, we are similarly helping billers manage the accounts receivable process with products such as eLockbox. We support the entire electronic payments cycle for our clients.”

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