JPMorgan Chase Exit From International Commercial Card Market Leaves Clients, Partners Scrambling

By | April 16, 2015

JPMorgan Chase will exit the international commercial card business at the end of the year, and that has partners and clients scrambling. Competitors including American Express and Citi stand to benefit from an unscheduled influx of requests for proposals.

Unplanned is how one JPMorgan Chase corporate card customer described the situation. "We got official notice in January," said the source, who requested anonymity due to company policy prohibiting public comments about suppliers. "It just wasn't on our project list for this year."

It's not exactly clear why Chase is making the move. Information about it showed up in . . .

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Author: Jay Campbell

Jay Campbell in 2004 created travel business newsletter The Beat, in 2006 co-founded Travel Procurement magazine and in 2010 integrated them into Northstar Travel Media's BTN Group. He served as editorial director until 2013. Jay made his travel industry media debut in 1993 at the Air Travel Journal of Boston while earning his undergraduate degree in journalism at Boston University.