JPMorgan Chase

Oracle, JPMorgan Chase Partner For Touchless Travel Expenses

[UPDATE, Oct. 20, 2022: This article was updated to include information in the last paragraph about rollout timing.] As part of an effort to automate business-to-business transactions for 40,000 customers that use its enterprise resource planning software, Oracle Corp. on Wednesday announced corporate card integration with JPMorgan Chase. The travel card and expenses initiative would…

American Express Global Business Travel Nabs JPMorgan Chase, Boosts Revenue Expectation

American Express Global Business Travel raised expectations for full-year 2022 revenue thanks to strong business travel recovery during the quarter ending in June. For the balance of the year, though, the company anticipates “steady but modest” recovery due to potential economic headwinds and ongoing travel supply and servicing constraints. Reporting second-quarter earnings performance Thursday morning,…

Amex Versus Everybody

If you tuned in to an American Express Company investor call six years ago, you heard about a vintage brand dramatically cutting costs to help profits. Now, strong growth with younger generations and a significant lead over competitors in the small and medium-sized enterprise card market have Amex predicting double-digit revenue growth for the foreseeable…

JPMorgan Chase To Buy Frosch

JPMorgan Chase agreed to acquire Frosch, a large travel agency with a mix of corporate business, independent contractors and technology, according to a Wednesday report in The Beat.  Frosch officials declined to comment on the report, which cited an internal memo, but redirected an inquiry to a spokesperson for JPMorgan Chase. The official had not…

American Express Global Business Travel Staffs Up To Add Travel Agency Partners 

American Express Global Business Travel during the fourth quarter created a unit called Partner Solutions to bring its relationships with other travel agencies “under one banner.” It’s well known that to serve multinational accounts, GBT partners with agencies in countries where it does not own operations. The GBT Partner Solutions staff also is approaching regional…

Business Travel Finds Its Way Into Bank Competition With Financial Tech Firms

U.S. Bancorp’s acquisition of expense management software builder and travel agency TravelBank culminates a series of investments to build integrated business software and services, accelerate midmarket demand for banking and payments, and fend off financial technology firms. Banks traditionally picked up small business clients through lending and banking, but a digital revolution has changed that,…

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