A B2B marketplace for payments solutions, the JP Morgan Payments Partner Network aims to connect J.P. Morgan (NYSE:JPM) clients “with the broader payments and technology ecosystem.”
This searchable ‘one-stop shop’ will open up new opportunities for the payments industry.
Tapping into the power of the J.P. Morgan network is a huge benefit “for clients, and now this power is in their hands.”
A new, on-demand digital platform, “powered by Salesforce Commerce Cloud, will allow J.P. Morgan clients to discover, search and learn about a broad range of relevant third-party partners that are integrated with the J.P. Morgan Payments platform.”
The ‘Payments Partner Network’ “helps merchants and corporate treasury clients easily view and tap into an ecosystem of partner integrations for their end-to-end payments and working capital needs.”
This beta launch of the Partner Network is “the first step in bringing together all of J.P. Morgan’s payment integrations in a digital platform.”
The Payments Partner Network features technology, software and hardware companies “across the payments and treasury services value chain.”
These third-party partners “deliver solutions that help corporate clients and merchants reach end customers and drive efficient use of working capital.”
Featured integrations “include treasury management systems (TMS), enterprise resource planning (ERP) software providers, point-of-sale hardware solutions, payment gateways, accounts payable automation solutions, and more.”
J.P. Morgan claims it “has one of the largest payments ecosystems in the world, with hundreds of third party integrations spanning virtually every industry and use case.”
The Partner Network will “make it easier for clients to efficiently discover and assess the best product partners to suit their needs.”
For corporate treasury clients and merchants, the Payments Partner Network:
- Enables self-service discovery: Visitors can easily view and assess the product integrations that work well with J.P. Morgan and suits their needs.
- Helps businesses scale: J.P. Morgan’s large network of integrated solutions fits the needs of businesses as they grow and scale.
- Facilitates easy implementation: By understanding the partner solutions that are integrated to J.P. Morgan, clients can save time implementing, allowing them to focus on their businesses.
Michael Affronti, SVP and GM of Salesforce Commerce Cloud, said:
“We’re excited to be working alongside J.P. Morgan to build an incredible network for merchants while providing a seamless experience for its payments partners.”
As a trusted partner to corporates and merchants around the world, and a deeply engaged member of the global fintech and technology ecosystem, J.P. Morgan Payments, and the Payments Partner Network, “will play an important role in bringing clients and fintechs together and spur innovation in payments and treasury.”
This beta launch will “include a subset of J.P. Morgan’s payments product integrations. Additional integrations will be added on an on-going basis.”
The global payments industry “is complex and constantly changing.”
J.P. Morgan, as one of the largest payments platforms in the world, “moving $9.6T per day1 across 160+ counties2 and 120+ currencies3, offers clients an extensive ecosystem of partners that are seamlessly connected with treasury and payments solutions from J.P. Morgan.”
