J.P. Morgan Treasury Services has launched a Multibank Cash Management Service in Japan in partnership with leading IT solutions provider, NTT DATA Corporation. The service will provide multinational corporations operating in Japan with enhanced visibility and control over the movement of their cash.

The platform, which is now live, offers a single point of access globally to a corporation's accounts held with other banks in Japan. The Multibank Cash Management Service will provide greater visibility over a client's cash portfolios, robust control over the movement of funds across different operating entities and third-party enterprises, and faster connectivity and execution of transaction processing and reporting..

Key features of J.P. Morgan's Multibank Cash Management Service include:

• the ability to maintain accounts with local banks
• a secure, single point of access with high-speed connectivity
• enhanced access from within Japan and overseas
• automated multibank cash concentration functionality
• a wide range of payment formats
• a simplified single payment file upload process
• consolidated and consistent reporting globally
• bilingual reporting in English and Japanese

Further enhancements are planned for 2012, including connectivity to SWIFT.