Bill Clerico, CEO of WePay and head of small business products at Chase Merchant Services.
WePay, an integrated payments business that was acquired by JPMorgan Chase in 2017, has announced the rollout of same-day deposits to Chase bank accounts, along with a suite of new payments products.
The payments rollout will help tens of thousands of firms that use BigCommerce and Xero to get paid faster, according to a company press release.
“Same-day deposits allows software platforms to help small businesses improve cash flow,” Bill Clerico, CEO of WePay and head of small business products for Chase Merchant Services, said in the release. “While other payment providers charge as much as 1% for faster funding, we can offer faster funding to Chase banking customers at no additional cost.”
The new suite of integrated payments solutions includes the following:
- Link, which allows software platforms to enable users to accept payments through a Chase Integrated Payments merchant account. BigCommerce, an e-commerce platform and accounting platform Xero are using Link to power integrated payments.
- Clear, a white labeled solution that allows software platforms to offer integrated payments under their own brand.
- Core, a solution for software platform to become payments facilitators to integrate directly with JPMorgan wholesale payments for end-to-end payments processing, payouts and cash management.
Cover image: Courtesy of JPMorgan Chase
Companies: JPMorgan Chase Bank N.A.