J.P. Morgan Collaborates with IBM to Offer Clients Robust Travel and Expense Management Solution

NEW YORK--(Business Wire)--
J.P. Morgan today announced it has formed an alliance with IBM in order to help
organizations streamline and bring greater control over corporate travel and
expense management. By integrating IBM`s expense management tools and services
with J.P. Morgan`s Corporate Card solution, companies can improve visibility
into business travel costs, better leverage supplier relationships, cut costs
and time associated with expense report processing, and more effectively monitor
and audit expense reports for compliance with travel policies. IBM and J.P.
Morgan will market the integrated solution at a significant discount to existing
clients and new prospects globally.

IBM`s Global Expense Reporting Solutions (GERS), a division of IBM`s managed
business process services (MBPS) unit, automates the entire process of managing
business travel and expenses, including the submission, approval, reimbursement,
and monitoring of employment-related expenses. Leveraging many strong
relationships in the travel industry, GERS also offers flexibility to integrate
travel reservation data from a range of booking tools. As business travel
purchases are made, J.P. Morgan Corporate Card transaction data - along with
e-receipt data direct from travel suppliers - is uploaded into IBM`s service,
and automatically populates the expense report under the appropriate expense
categories, resulting in less time needed to prepare, file, audit and approve
expense reports. J.P. Morgan`s PaymentNet online visibility and reporting tool
coupled with IBM`s auditing capabilities results in greater overall program
compliance.

"IBM is a global leader for web-based travel and expense management. By
partnering on a more formal basis, J.P. Morgan continues to enhance the power
and scope of its commercial card offerings while bringing greater value to its
clients," said Eduardo Vergara, Global Commercial Card Executive, J.P. Morgan.
"IBM`s significant partnerships in the travel booking industry enable us to
offer a powerful end-to-end solution."

"J.P. Morgan will make a strong partner for IBM as we continue to broaden the
reach of our global expense reporting solution," said Ray Curatolo, director,
Global Expense Report Solutions, IBM MBPS. "By combining our industry knowledge,
expertise and resources, clients will benefit from a comprehensive expense
management solution that will streamline the entire process of managing this
significant area of spend, and drive even more costs out of their businesses."

J.P. Morgan is a leader in commercial card solutions with the expertise, deep
resources and commitment to client-focused solutions few organizations can
match. The Bank`s award-winning commercial card solutions include travel and
entertainment, purchasing, fleet, prepaid debit and payroll cards, as well as
single-use account technology and electronic payment/Order-to-Pay solutions.
J.P. Morgan has offered card solutions for more than 25 years, serving nearly
550,000 private and private sector commercial card accounts. According to The
Nilson Report, J.P. Morgan is the leading issuer of Visa/MasterCard commercial
cards, purchasing cards and prepaid commercial cards in terms of dollar volume.
According to The Nilson Report, J.P. Morgan offers the world`s most widely
accepted card with coverage in more than 28 million outlets worldwide and almost
three times the acceptance rate of American Express.

About J.P. Morgan Treasury Services

The Treasury Services business of J.P. Morgan is a top-ranked, full-service
provider of innovative payment, collection, liquidity management, trade finance,
commercial card and information solutions to corporations, financial services
institutions, middle market companies, small businesses, governments and
municipalities worldwide. With more than 100,000 clients and services provided
in more than 60 countries and 40 states, J.P. Morgan Treasury Services is one of
the world's largest providers of treasury management services and a division of
JPMorgan Chase Bank, N.A., member FDIC. More information can be found at
www.jpmorgan.com/ts.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm
with assets of $2 trillion and operations in more than 60 countries. 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 in the United States and many of the world's
most prominent corporate, institutional and government clients under its J.P.
Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at
www.jpmorganchase.com.

Media:
J.P. Morgan Chase & Co.
John Murray, 1-571-934-2808
john.t.murray@jpmchase.com

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