WILMINGTON, Del.--(BUSINESS WIRE)--Today, Ink from Chase, the business card portfolio from Chase Card Services, announced a new receipt capture capability exclusively for JotSM, a free mobile application and online tool designed to meet the needs of small business owners who are often on the go. Jot saves small business owners time in the back office by enabling them to easily track, categorize and organize business expenses – including actual receipts – in real-time from their iPhone® and Android™ mobile devices.
Jot sends small business owners a push alert within seconds of making a purchase with their Ink card. Customers can immediately tag these purchases to custom categories on a mobile device or online. With the receipt capture feature, customers simply take a photo of a receipt with their mobile device camera and attach it to purchases made with an Ink card. Customers can then sort transactions, download and print receipts online and create and download reports containing purchases and receipts into accounting software, including QuickBooks® and Excel®.
“Small business owners are constantly on the go and do not want to be reconciling reports with a shoebox full of receipts,” said Richard Quigley, president of Ink from Chase. “More than half of all active Jot users use the app from their smartphone while on the go. Receipt capture now allows Jot users to better and more easily organize their back office by throwing out that shoebox and taking those categorized receipts with them wherever they go. With less time spent reconciling receipts, small business owners and their employees can devote more time to growing their businesses.”
Jot provides Ink from Chase customers a variety of additional mobile benefits, including the ability to immediately view all transactions on their account, including those of their employees, through their mobile device or online. Customers can also adjust employees’ card spending limits in real-time via a mobile device.
Jot can be downloaded online by visiting here. Through a mobile device, Ink customers can download Jot for iPhone and for Android. Instructional tutorials that illustrate how Ink customers can effectively use Jot are available here.
Ink from Chase is a portfolio of business cards offering robust, flexible payment solutions and resources to meet the unique needs of small business owners, from spending habits to cash flow needs to rewards. This business card portfolio, which features Chase’s pay-in-full charge, includes the Ink Bold, Ink Plus, Ink and Ink Cash cards.
In addition to offering small business owners powerful cards and services, Chase provided small businesses with $20.2 billion in new credit during 2012, an 18 percent increase from the $17 billion lent in 2011. Small business loan growth in 2012 was most significant for Chase in California, Florida, Louisiana, Nevada, Oregon and Washington. In California alone, Chase extended nearly $7.5 billion of new credit to small businesses, a 58 percent increase over 2011 lending levels. Chase also made more than $1 billion in new loans to small businesses in each of Illinois, New York and Texas. Chase continues to be the nation's #1 SBA lender by units, approving 40 percent more SBA loans than its nearest competitor in the SBA's 2012 fiscal year.
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. Chase serves more than 50 million consumers and 4 million small businesses through more than 5,500 bank branches, 17,500 ATMs, credit cards, mortgage offices, and online and mobile banking as well as through relationships with auto dealerships. More information about Chase is available at www.chase.com and @ChaseNews.