JPMorgan Chase & Co. (NYSE: JPM) announced today its plan to acquire WePay to make it easy for business app makers and independent software vendors (ISVs) to seamlessly integrate payments into the software commonly used by small businesses. Chase and WePay will ease payment friction for both software providers and merchants:
- Software providers will be able to provide instant onboarding to small business clients no matter how they take payments – in store, online, or on-the-go, with the backing and fraud protection of Chase.
- Chase and WePay will allow merchants to accept payments instantly and get paid faster so they never lose a sale
- Software platforms will be able to easily become payment facilitators or third party payment processors