Chase

Chase entered into a strategic agreement with Mitek Systems, Inc., a developer of advanced-image analytics and mobile-document-capture applications, to develop a suite of innovative image-capture solutions across multiple smartphone operating systems.

As a part of the agreement Chase will implement Mitek’s mobile-banking and advanced image-capture and analytics products across a variety of smartphone operating systems. QuickDeposit allows customers to deposit checks anytime and anywhere with a click of their mobile phone camera.

Chase Card Services, a division of JPMorgan Chase & Co., has partnered with British Airways to launch a new benefits program for international travelers. Beginning this month customers will pay no foreign transaction fee on international purchases via the British Airways Visa Signature® Card from Chase.

According to TechCrunch Apple has launched a new app update for iOS allowing PayPal users check their deposits via their iPhones. The only thing users should do is to take picture of the check (front and back) by iPhone camera and deposit check in their PayPal accounts.

Actually this technology is not a sensation. This feature is widely used by Chase, Bank of America, CitiBank. The only exiting thing is that it is offered not by a traditional institution, but by PayPal through iPhone app. Earlier USAA also used iPhone app for the same service.

Chase, the consumer and commercial banking division of JPMorgan Chase, has upgraded its iPhone application adding remote cheque deposit and person-to-person payment feature.

In order to make a deposit a customer needs to enter first the account details and payment amount and after that add photos of the front and back of the cheque taken with their iPhone or iPod camera.

Besides, Chase has also added P2P QuickPay to the latest version of its free app, enabling payments to be made to anyone as long as the customer has their e-mail address.

 Chase added two new credit cards - Ink and Ink Capital - to its Ink portfolio of business cards. The series features additional purchase rewards or an interest-payment refund to customers with Chase business checking accounts. 

“These additional benefits allow us to thank our business customers for expanding their relationship with Chase,” said Kevin Watters, head of Business Banking at Chase.

The two new Ink from Chase cards:

Chase announced today that it plans to increase its lending to small businesses by up to $4 billion in 2010, boosting expected new lending to about $10 billion to this vital segment of the U.S. economy. This will provide businesses with increased access to working capital, term loans for expansion, commercial mortgages, lines of credit, and business credit cards. While the $4 billion in additional credit will be available to qualified businesses with annual sales of less than $20 million, the majority of new loans will be targeted to companies with sales of less than $10 million.

 In the past week, some of the nation's largest banks unveiled their plans to change the way they assess overdraft fees, in response to Federal Deposit Insurance Corp’s chief’s appeal for tight restrictions on fees charged for overdrawn checking accounts.

 Chase Card Services has launched a suite of business cards Ink that was developed specifically for small businesses. This 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."