J.P. Morgan Payments & Oracle team to introduce product integrations

By Gloria Mathias

J.P. Morgan Payments has announced new and enhanced product integrations connecting to the Oracle ecosystem, making it easier for clients to streamline their payments across treasury, trade and commerce.

Since 2021, J.P. Morgan Payments and Oracle have been partnering to provide mutual corporate clients with enhanced functionality and easier connectivity. These new integrations build on the success of J.P. Morgan Payments’ Banking Services integration into Oracle Fusion Cloud Enterprise Resource Planning (ERP), which was announced at Oracle CloudWorld 2022 and delivers a solution with turnkey connectivity for reporting and payments.

New and enhanced product integrations include:

• Banking Services: Deliver real-time cash balance visibility through J.P. Morgan Payments to help corporate treasury make informed and smarter decisions.
• Touchless Expense: Create expense reports faster using near real-time transaction authorisation data through J.P. Morgan Commercial Cards and Oracle Fusion Cloud. After a 12-month pilot with Oracle, this integration is available for all corporate clients.
• Supply Chain Finance: Unlock working capital by optimising payment terms with vendors delivered by J.P. Morgan Trade and Working Capital financing platforms integrated with Oracle Fusion Cloud.
• Commerce Suite: Streamline in-store merchant payments by connecting J.P. Morgan Payments’ in-store payment application with the Oracle Payment Interface to accept point-of-sale (POS) payments consistently across J.P. Morgan Payments’ terminals. This includes two Oracle products across industries: Oracle Simphony for food and beverage and Oracle Xstore for retail, both of which will be available soon.

“We’re thrilled to expand our Oracle partnership with new integrations that enhance functionality and streamline operations for our clients,” said Hubert J.P. Jolly, Head of Digital & Design at J.P. Morgan Payments. “Combining Oracle’s technology with our secure ecosystem empowers clients to create integrated payment experiences and accelerate business growth.”

“By embedding turnkey bank connectivity, payments and working capital options within our AI-driven Oracle Fusion Cloud ERP, we’re delivering continuous innovation that matters to our customers,” said Rondy Ng, Executive Vice President of Applications Development at Oracle. “The J.P. Morgan and Oracle partnership enables our mutual clients to achieve touchless transactions, gain cash insights, and connect actions across finance and the business.”