Print Page   |   Contact Us   |   Your Cart   |   Sign In   |   Learn More
NAPCP Search
J.P. Morgan to Explore a Sale of its Corporate and Public Prepaid Card Business

 View more industry press releases


J.P. Morgan to Explore a Sale of its Corporate and Public Prepaid Card Business

New York - January 9, 2014 - J.P. Morgan announced today that it will explore a full range of options for its prepaid card business, including a sale. The prepaid card business includes all Corporate, U.S. Public Sector and Electronic Benefit Transfer (EBT) programs, as well as Health Savings Accounts (HSA). Additionally, the firm will no longer solicit or accept any new prepaid card business.

As the firm explores a sale, it will continue to fully support current clients and cardholder activities. Cardholders should continue to use their cards unless notified otherwise.

Chase customers, including cardholders of Chase debit, credit, Chase Liquid and commercial cards, are not affected by this decision.

About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

 

Sign In


Forgot your password?

Subscribe or join here

Featured Items
Event Calendar

10/4/2016
Back to School—Training Techniques Boot Camp

10/11/2016
NAPCP Commercial Card Regional Forum - Atlanta, GA

10/18/2016
Capital One Demo-Transforming ePayables: Get Rewarded for Paying Suppliers Efficiently & Securely

10/19/2016
How Do You Define Success?—Tips for Sharing Program Performance with Leadership

11/2/2016
Shifting Perspective: Increasing Supplier Acceptance in Your ePayables

Copyright © 1999 - 2016 NAPCP - Advancing Commercial Card & Payment Practices Worldwide
Certified Purchasing Card Professional Credential 
The next application due date is February 28, 2017
to take the exam at the Annual Conference on April 10, 2017.

Complimentary resource for all website visitors.
Order your copy today!
NAPCP members, $159; non-members, $209