- SaaS Company
- Small Business
Zip Saves Small Business Owners Time, Enhances Customer Interaction
WILMINGTON, DE – NOVEMBER 8, 2011 – Today, Ink from Chase, the business card portfolio from Chase Card Services, a division of JPMorgan Chase & Co. (NYSE: JPM), unveiled Zip SM, an online invoicing and cash management solution powered by PaySimple and designed for small businesses owners who want to simplify their invoicing and accelerate their receivables. Small businesses touch their invoicing solution approximately 20 times per month, according to PaySimple. Ink is continually looking for ways to help small businesses, and with Zip, that process will now be easier. Zip allows small business owners to spend less time in the back office and more time investing in the areas they are truly passionate about, including growing their business.
Zip is available for free to Ink customers. Customers can purchase an upgrade to Zip Pro to add a suite of automated and online payment processing options for $35 per month. Zip is provided to Ink customers through an agreement with PaySimple, a third party service provider not affiliated with Chase. The web application allows Ink customers to access the invoicing system anytime online and all transaction data is saved through the cloud.
Zip provides Ink from Chase customers with a variety of features, including the ability to:
Access the invoicing system to send secure online invoices, either immediately or scheduled
Prepare customized invoices with a business’ logo and address
Save and track bill numbers, taxes and late payments for invoices sent online
Provide invoicing access to unlimited additional users, each with varying levels of security access
Zip Pro provides customers with all Zip functionality, as well as the ability to:
Accept all forms of payments and allow customers to pay with ease without the creation of an account or log-in
Automatically debit customers’ bank accounts or credit cards for recurring payments and send automated receipts to customers while the money is deposited directly into their bank account.
Create a branded payments page
Customize and create reports that allow cash flow and payments to be easily tracked and exported to accounting software including Excel® and QuickBooks®
“Receiving prompt payment is a core need for small businesses, so we have made free invoicing a core benefit of having an Ink from Chase card,” said Richard Quigley, president of Ink from Chase. “Zip offers small business owners an easy, smooth invoicing tool and provides their customers greater ease when paying their bills. With Zip, Ink from Chase cardmembers will be better equipped to realize time savings, profit and future growth.”
While more efficiently tracking cash flow through Zip, small businesses can enhance customer interactions, increase customer satisfaction and improve cash flow and receivables management, all while reducing costs by decreasing the money spent on postage, printing and processing.
“Small businesses using manual processes face delays and challenges when it comes to invoicing and collecting payments,” said Eric Remer, CEO of PaySimple. “Given that cash flow has become a top challenge, these delays are no longer acceptable. With a cloud-based solution to automate invoicing and enable payment acceptance any way a customer wants to pay, small businesses are able to save time and get paid faster. We are very excited about our alliance with Chase to become a part of their innovative set of solutions to help small businesses succeed.”
Over two years ago, the Ink from Chase business card portfolio was designed with small business owners’ immediate financial needs top of mind. Focused on providing solutions and enhancements that improve the finance-savvy business practices of its customers, Ink has created solution systems like Zip and Jot SM, a mobile application and online solution launched this year that enables businesses to easily track, categorize and organize expenses on-the-go from iPhone® and Android™ mobile devices.