March 19, 2012
JPMorgan Chase and AirPlus International form strategic partnership
NEW YORK--JPMorgan Chase & Co. Global Commercial Card business and AirPlus International, a leading provider of corporate travel & entertainment expense solutions, announced the formation of a strategic partnership to help multinational organizations optimize processes and strengthen control of their corporate card and travel expense management programs. The comprehensive offering will provide leading solutions to both business travellers on the road and their travel managers at home.
By integrating AirPlus' innovative approach and expertise in corporate travel payment with J.P. Morgan’s strength in global corporate banking services, the partnership will bring powerful benefits to organizations around the world. This arrangement will generate new and innovative solutions in the corporate travel payments industry.
“AirPlus has developed a leading edge solution in helping corporations better manage their global travel spend,” said Andrew Pilkington, President, Global Commercial Card, J.P. Morgan. “Together, we are delivering a compelling alternative to traditional corporate card programs. We will offer clients a complete suite of travel & entertainment payment solutions that provide world-class technology, travel expense management expertise and local service and knowledge. This partnership fully supports our strategy of delivering innovative yet practical solutions to drive a first-class client experience on a global scale.”
“J.P. Morgan’s strength and depth of experience in the cards business is an excellent fit with our know-how in international corporate payment solutions, and we are delighted to form this strategic partnership,” said Patrick Diemer, Chairman of the Executive Board, AirPlus. “The partnership will form the basis for continued and sustainable growth of our global market share and bring us ever closer to our goals of becoming the preferred global provider of business travel payment solutions.”
The features and benefits that the new J.P. Morgan and AirPlus partnership will bring to market will be announced in the coming months.