WILMINGTON, Del. - Sept. 23, 2009 - Chase Card Services today introduced InkSM from Chase, a suite of business cards developed specifically for small businesses. This new business card portfolio includes four distinct cards to deliver on the unique needs of small business owners and marks Chase's introduction of a pay-in-full charge card - a first from issuers of Visa® or MasterCard®. Chase, unveiled Ink at the Inc. 500/5000 Conference and Awards Ceremony taking place Sept. 23-25, 2009.
"As a long-time bank for small businesses, we listened intently to the powerful aspirations and unique needs of small business owners for more control, flexibility and rewards in how they manage their business finances," said Richard Quigley, president of Ink from Chase at Chase Card Services, a division of JPMorgan Chase (NYSE: JPM). "We designed Ink to help keep small businesses balanced and moving ahead so they can continue to succeed."
Designed with Small Business Owners in Mind
Chase engineered the Ink business cards to address fundamental financial needs of small business owners' day-to-day operations - access to capital and improved cash flow. Ink from Chase's four distinct cards - Ink Bold, Ink, Ink Plus and Ink Cash - deliver solutions based on a small business owner's spending habits, cash flow needs, and the desire to earn and redeem valuable rewards based on their preferences.
Small business owners who use Ink from Chase have access to a core set of business tools including:
Ink Makes Its Mark
All Ink business cards are accepted at twice as many locations worldwide as American Express, supported by Chase's 5,200 bank branches and their trusted staffs, and are designed to meet the individual needs of small business owners.
The four Ink from Chase cards are:
"Seventy percent of small business owners spending is done through checks - the same payment method that has been used for generations," said Mike Nagle, general manager of Chase Card Services. "We're revolutionizing this approach by giving small business owners more benefits for using their card. As the next generation of small business payment solutions, Ink from Chase gives small business owners the tools to simplify financial reporting, manage their cash flow and maximize reward benefits."
Analyst Ken Paterson, VP and director of the Credit Advisory Service, Mercator Advisory Group, said, "The country's 27 million small businesses are critical to driving our economic recovery. Chase's product initiative provides small businesses a range of credit, payment and financial management resources that have been constrained in recent months, and I'm delighted to see companies like Chase listening to small business owners and offering them the financial footing needed to succeed."
Chase is supporting Ink with an integrated marketing program, including a national advertising campaign beginning this fall.
For More About Ink
To get more information about Ink from Chase and find the card that is right for their business, small business owners can visit www.inkfromchase.com.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.0 trillion and operations in more than 60 countries, and the company has issued approximately 152 million credit cards in the United States and Canada. 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 and businesses in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan, Chase, and WaMu brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.