JPMorgan Chase & Co
The deal will provide the New York-based bank with access to AirPlus' European travel payment systems and will give AirPlus entry to JPMorgan's North American corporate customers, executives from the companies said.
The pact, announced on Thursday, includes commitments by both companies to invest in connecting their systems to make joint product offerings.
We have signed a long-term partnership, so this is not just a dating exercise, Andrew Pilkington, president of JPMorgan's global commercial card business, said in an interview. He declined to disclose terms.
JPMorgan is second only to American Express Co.
(Reporting by David Henry in New York; Editing by Lisa Von Ahn)