Real Estate

JPMorgan Chase unveils payments platform for landlords and tenants

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A JPMorgan logo displayed on a smartphone.

Omar Marques | SOPA Images | LightRocket via Getty Images

JPMorgan Chase is betting that landlords and tenants are finally ready to ditch paper checks and embrace digital payments.

The bank is piloting a platform it created for property owners and managers that automates the invoicing and receipt of online rent payments, according to Sam Yen, chief innovation officer of JPMorgan’s commercial banking division.

While digital payments have steadily taken over more of the world’s transactions, boosted in recent years by the Covid pandemic, there is one corner of commerce where paper still reigns supreme: the monthly rent check. That’s because the market…



Source cnbc.com

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