Total Settlement consolidates Automated Clearing House (ACH), commercial card, wire and standard paper cheque payments into a single file, thus eliminating the need to process multiple payment types. A self-service web portal for suppliers provides payment status information and remittance details, allowing suppliers to maintain their own contact and payment-related information.
Total Settlement also allows organizations to manage payment processing with over 75,000 suppliers in the J.P. Morgan Business Settlement Network.
Total Settlement is part of J.P. Morgan Order-to-Pay, a service that connects buyers with their suppliers across a secure settlement network to automate purchase order delivery, invoice and payment processing, and discount management.
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