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 »  Articles  »  News  »  JPMorgan Chase Electronic Payments
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JPMorgan Chase Electronic Payments
By Credit Federal | Published 04/17/2006

JPMorgan Chase's recent ExacTrac offers new electronic payments for mid or large size corportation and government agencies.

JPMorgan Chase announced 'ExacTrac(SM)', a new secure, streamlined electronic payment solution for mid-size and large corporations and government agencies. ExacTrac offers a fully automated and integrated process for payments, reporting and reconciliation.

ExacTrac makes payment processes more efficient with end-to-end automation, enabling the reduction or elimination of manual, check-based activities. This payment solution complements existing purchasing or invoicing systems, since it can be easily integrated. ExacTrac enhances reporting and provides controlled spending for each payment, which maximizes program discounts by targeting manual check processing and higher dollar spend transactions. It also builds on the security and fraud prevention of the commercial card industry and shortens reconciliation periods, while at the same time improving accuracy.

The new ExacTrac payment solution is ideal for any mid or large size corporation or government agency with automated ordering or payment systems. It is also well suited for companies which offer business-to-business services for online travel booking, warranty claims, and event management.


ExacTrac includes:

Automated reporting and reconciliation of pre-purchase information to actual transaction data without manual data entry.

Seamless integration into existing ordering or invoicing systems to compliment straight-through processing of purchases.

Controlled spending limits for each payment including limits for amount, date range, and merchant type.

Increased program discounts by expanding clients' card programs.

Dedicated implementation team to provide installment assistance and product training.

ExacTrac is part of JPMorgan Chase's award-winning suite of commercial card programs, which offer customers an innovative and integrated e-procurement solution for streamlining payment, reconciliation and data integration for business-to-business purchases.

Visit Credit Federal for a Chase Credit Card and submit your online application.

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