The expansion is J.P. Morgan's latest investment in its commercial card business, in which it has been a leading provider in the US for over 25 years. The card program in Europe includes travel and entertainment cards and purchasing cards.

The accompanying on-line reporting system enables clients to manage their programs both centrally and regionally, giving them the greatest level of visibility.

"J.P. Morgan continues to develop comprehensive card issuing capabilities to meet the global requirements of our clients," said Alan Koenigsberg, International Cards Product Executive. "Our successful model for this business is centred on a consultative approach with solutions designed to ensure a successful long-term program that delivers to our client's expectations.