JPMorgan Chase & Co.
Apr 6, 2010

J.P. Morgan Collaborates With Ibm To Offer Clients Robust Travel And Expense Management Solution

NEW YORK - APRIL 6, 2010 - J.P. Morgan today announced it has formed an alliance with IBM in order to help organizations streamline and bring greater control over corporate travel and expense management.  By integrating IBM's expense management tools and services with J.P. Morgan's Corporate Card solution, companies can improve visibility into business travel costs, better leverage supplier relationships, cut costs and time associated with expense report processing, and more effectively monitor and audit expense reports for compliance with travel policies.  IBM and J.P. Morgan will market the integrated solution at a significant discount to existing clients and new prospects globally.

IBM's Global Expense Reporting Solutions (GERS), a division of IBM's managed business process services (MBPS) unit, automates the entire process of managing business travel and expenses, including the submission, approval, reimbursement, and monitoring of employment-related expenses.  Leveraging many strong relationships in the travel industry, GERS also offers flexibility to integrate travel reservation data from a range of booking tools.  As business travel purchases are made, J.P. Morgan Corporate Card transaction data - along with e-receipt data direct from travel suppliers - is uploaded into IBM's service, and automatically populates the expense report under the appropriate expense categories, resulting in less time needed to prepare, file, audit and approve expense reports.  J.P. Morgan's PaymentNet online visibility and reporting tool coupled with IBM's auditing capabilities results in greater overall program compliance.

"IBM is a global leader for web-based travel and expense management.  By partnering on a more formal basis, J.P. Morgan continues to enhance the power and scope of its commercial card offerings while bringing greater value to its clients," said Eduardo Vergara, Global Commercial Card Executive, J.P. Morgan.  "IBM's significant partnerships in the travel booking industry enable us to offer a powerful end-to-end solution."

"J.P. Morgan will make a strong partner for IBM as we continue to broaden the reach of our global expense reporting solution," said Ray Curatolo, director, Global Expense Report Solutions, IBM MBPS.  "By combining our industry knowledge, expertise and resources, clients will benefit from a comprehensive expense management solution that will streamline the entire process of managing this significant area of spend, and drive even more costs out of their businesses."

J.P. Morgan is a leader in commercial card solutions with the expertise, deep resources and commitment to client-focused solutions few organizations can match.  The Bank's award-winning commercial card solutions include travel and entertainment, purchasing, fleet, prepaid debit and payroll cards, as well as single-use account technology and electronic payment/Order-to-Pay solutions.  J.P. Morgan has offered card solutions for more than 25 years, serving nearly 550,000 private and private sector commercial card accounts.  According to The Nilson Report, J.P. Morgan is the leading issuer of Visa/MasterCard commercial cards, purchasing cards and prepaid commercial cards in terms of dollar volume.  According to The Nilson Report, J.P. Morgan offers the world's most widely accepted card with coverage in more than 28 million outlets worldwide and almost three times the acceptance rate of American Express.

About J.P. Morgan Treasury Services
The Treasury Services business of J.P. Morgan is a top-ranked, full-service provider of innovative payment, collection, liquidity management, trade finance, commercial card and information solutions to corporations, financial services institutions, middle market companies, small businesses, governments and municipalities worldwide. With more than 100,000 clients and services provided in more than 60 countries and 40 states, J.P. Morgan Treasury Services is one of the world's largest providers of treasury management services and a division of JPMorgan Chase Bank, N.A., member FDIC. More information can be found at www.jpmorgan.com/ts.

About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com