News

Chase offers Allpoint ATM usage to prepaid cardholders

April 11, 2004

NEW YORK - JPMorgan Treasury Services, a unit of JPMorgan Chase, will offer its Chase E-funds card customers access to Allpoint's nationwide network of more than 25,000 surcharge-free ATMs.

The Chase E-funds card program can be used for repetitive payment applications such as payroll, petty cash, incentive card and travel and entertainment accounts. Chase E-funds cards are powered by JPMorgan's  EZPay technology platform.

Chase isn't the first financial institution to offer holders of its prepaid cards access to Allpoint ATMs. The network announced a similar agreement with Bank One last month. (See related story Bank One's prepaid cardholders to use Allpoint ATMs)