Key takeaways
- Cartes Bancaires CB is the most widely used payment system in France with 77 million cards in circulation equating to over €676 billion in processed payments
- J.P. Morgan is the first and only U.S. bank to be a principal member
- The CB membership demonstrates our dedication to the European payments market and our larger plans to deliver efficient commerce experiences
Strengthening our partnership with Cartes Bancaires CB
J.P. Morgan Payments is proud to be a principal member of France’s leading and most widely used payments network, Cartes Bancaires CB.1,2 This underscores our dedication to the European payments market and our dedication to delivering smooth commerce experiences wherever our clients need to accept payments.
As the first and only U.S. bank to achieve principal membership, J.P. Morgan is positioned to offer European merchant clients enhanced access to the Cartes Bancaires system.3 This collaboration helps support our clients by providing a safe shopping experience, characterized by lower transaction costs, reduced fraud rates and superior acceptance rates for French debit and credit card transactions.
“This is a testament to our unwavering commitment to the European and French payments markets. Our EMEA franchise has gone from strength to strength in recent years, and this is a major milestone in our growth journey and wider ambition to become Europe’s leading payments provider. The European payments landscape is rapidly evolving, and our principal membership positions us perfectly to provide future innovations and efficiencies to our clients.”
James Fraser
Head of EMEA Payments and Global Head of Trade and Working Capital, J.P. Morgan
Why this membership matters
Our membership with Cartes Bancaires CB reinforces our ongoing dedication to the French market and Europe as a whole. By being part of this network, J.P. Morgan Payments can help offer Europe-domiciled clients the choice and flexibility they expect from a global payments provider.
Recognizing France as a pivotal region in our European payments success story, we are dedicated to helping clients navigate complex multicurrency environments, cross-corridor payment flows and rapid macroeconomic changes.
“Our north star is to enable our merchant clients to offer their customers a varied choice of payment options to suit their needs. Membership of Cartes Bancaires CB takes this to a whole new level in Europe and France in particular. We are excited to participate in the strategic direction of the scheme by supporting its continued expansion and development, helping maintain its long history of providing secure and efficient payments to its users.”
Ludovic Houri
Managing Director, Head of Merchant Services EMEA/APAC and Global for Large Accounts (GCB), J.P. Morgan
Creating exceptional shopping experiences
As a member of Cartes Bancaires CB, J.P. Morgan Payments is dedicated to driving strategic market direction. Our solutions empower clients in the region and beyond to grow confidently with three core capabilities:
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Opportunity
Unlock faster access to funds. Benefit from cost efficiencies and closed-loop customer insights to assess your business and facilitate growth in your revenue streams.
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Reliability
As one of the world's most trusted banks, JPMorganChase processes nearly $10 trillion in payments globally every day, in 120 currencies, with over 99.9% accuracy.4 Our global banking infrastructure strives to provide speed and scale without compromising reliability, supporting your goals whether you operate locally or globally.
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Safety
Our team provides best-in-class service to assess risk, mitigate fraud and implement controls to protect your business worldwide.5 Our proprietary AI-enabled platform and data network offer trusted insights and decisions to safeguard payments, helping ensure data security and reducing fraud-related costs.
“We are proud that J.P. Morgan is a principle member of CB, the leading domestic card and mobile payment network in France. CB and J.P. Morgan share the same values, those that have made both our respective organizations successful: the values of economic efficiency, innovation, inclusion and security. The road that now opens before us will lead us to numerous projects, which will bring real added value to the entire CB community.”
Philippe Laulanie
CEO, Cartes Bancaires CB
J.P. Morgan Payments in EMEA
At J.P. Morgan Payments, we're thinking differently about the power of payments for regional and global businesses of all sizes and industries. As a principal member of the Cartes Bancaires payment network, we continue to develop and support a strong European payments foundation and a purpose to keep up with customer expectations.
Learn more about how we can support your business within Europe, the Middle East, Africa and beyond.
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