The initiative is aimed at clients who make use of the bank’s Global ACH service and enables them to gain access to SEPA credit and debit services from JP Morgan accounts in Belgium, France, Germany, Ireland, Italy, Netherlands, Spain, Switzerland and the UK. Global ACH offers a platform for high volume multicurrency payments and collection services. The project is part of the companys USD 1 billion expansion and investment plan.
With USD 2.2 trillion in assets, JPMorgan Chase operates in more than 60 countries, providing banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity.
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