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JPMorgan partners with Marqeta to launch ‘virtual’ credit cards

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A smart phone with the icons for the J.P. Morgan apps.

Christopher Wong | S3studio | Getty Images

JPMorgan Chase is ditching plastic for some of its credit cards. 

The Wall Street giant’s commercial cards team is partnering with Bay Area start-up Marqeta to launch digital-only credit cards. The new function will allow JPMorgan corporate cards to work in mobile wallets such as Apple Pay or Samsung Pay immediately — without having to wait for a physical version in the mail.

“This is another way of getting virtual company cards into the hands of those who need them very quickly,” John Skinner, head of commercial cards at JPMorgan, told CNBC in a phone interview. “We know there’s a need for…



Source cnbc.com

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