Payment news, November 16

J.P. Morgan improves its foreign exchange solution, while Citi opens its largest branch in Hong Kong.

J.P. Morgan enhances foreign exchange solution

J.P. Morgan has enhanced its foreign exchange solution by allowing its customers to make Automated Clearing House ACH payments to 40 countries in 19 currencies from a single account. The bank said that additional currency capabilities will be added to the solution in the near future.

“J.P. Morgan continues to invest in its foreign exchange services to help clients cut payment costs while improving operational efficiency on a global scale,” said Traci Filler, managing director of foreign exchange at J.P. Morgan treasury services, in a statement. “By expanding our cross-border ACH capabilities, J.P. Morgan’s clients now have more currency and low value payment options. Clients also benefit...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222