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Chase expands online banking services for small business

13 April 2004  |  1482 views  |  0

JPMorgan Chase Bank ("Chase"), a leader in small business banking, has recently expanded its online banking services for business customers. On-the-go business owners can now give online account access to their employees and others, such as their accountant or attorney, while maintaining control over their finances.

The new service, called Access Manager(sm), allows business owners to:

-- Set up multiple users with unique passcodes

-- Control which accounts they can access

-- Set transaction types and amounts by user

-- Manage cash flow and monitor activity through reporting capabilities

"Small business owners are busy running their businesses and often rely on employees or someone outside, such as their accountant, to help manage their business banking," said Joe Scharfenberger, executive vice president of Chase Small Business Financial Services. "Access Manager lets owners delegate a lot more of this responsibility while maintaining tight control over their accounts and cash flow. It's a flexible, easy-to-use tool that will make a big difference in the way many small business owners manage their day-to-day finances."

Access Manager puts Chase among a select few banks to give small businesses the ability to manage online access for multiple users. In addition to this new functionality, Chase Online(sm) for Small Business helps business owners manage their cash flow by allowing them to perform many of their banking activities online such as the ability to check balances, transfer funds, make payments, wire money, view check and statement images and set alerts.

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