Coupa Strikes Virtual Credit-Card Partnership with JPMorgan Chase
January 22 2019 - 8:24AM
Dow Jones News
By Robert Barba
Coupa Software (COUP) is partnering with JPMorgan Chase on a
virtual credit-card program for the bank's business customers.
Single-use virtual cards can give businesses an easier way to
manage payments specifically with high volume, low-value, and
one-off suppliers, Coupa said in a release.
JPMorgan clients will get increased control and security and
automatic reconciliation through the partnership, John Skinner,
head of client management for commercial card at JPMorgan, said in
prepared remarks. Suppliers will be able to get paid faster and
have a more streamlined accounts receivable process, he added.
Although person-to-person payments have been made easier via
platforms such as Venmo or Zelle, business-to-business payments
remain a particularly paper-heavy process.
Write to Robert Barba at robert.barba@wsj.com
(END) Dow Jones Newswires
January 22, 2019 09:09 ET (14:09 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Coupa Software (NASDAQ:COUP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Coupa Software (NASDAQ:COUP)
Historical Stock Chart
From Jul 2023 to Jul 2024
