Chase Spoofs Slow Payments in ‘Express Funding’ Video

  • Philip Ryan
  • September 2, 2016
  • 1

JPMorgan Chase pokes fun at three-day payments in a new spot for its express funding service for business. The service allows card payments using Visa, MasterCard and Discover to be credited to an account the next business day, instead of the old wait of three days.

Express funding for business customers launched this week to give merchants faster access to cash. That is, the brand launched this week. Faster payments to businesses have been around at Chase “for a while,” according to a bank spokesman. Chase has recently made significant steps in the direction of faster payments by participating in clearXchange’s realtime P2P payments network, but clearXchange is not related to express funding.

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Philip Ryan is Associate Editor of Bank Innovation. He worked as a web developer for the Fund for the City of New York for six years, and was an HTML developer at Ocean-7 Development back in the go-go ’90s. He has more than 15 years' experience in online journalism. He can be reached at pryanrmg1@gmail.com.

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