Chase's Ink Brand Adds 'Jot' To Track Small-Business Expenses As They Occur

To lure new small-business credit card customers, JPMorgan Chase & Co. on June 1 introduced Jot, a mobile feature enabling customers with its Ink-branded small-business credit card to track expenses as they occur for easier recordkeeping.

Jot enables cardholders to categorize, or "tag," a purchase immediately after it is authorized at the point of sale, with the goal of simplifying subsequent bookkeeping and expense management, Chase says.

Jot's ability in track small-business expenditures through mobile devices is unusual in the market, a spokesperson for the issuer tells PaymentsSource. Wells Fargo & Co. earlier this year introduced a similar feature for its commercial card customers to enable managers to track their own and their employees'...