Tech bytes: Chase Service Speeds Multicurrency Collection

management service that large multinational customers can use to speed up collections of their accounts receivables in multiple currencies. The service integrates Chase's U.S., Puerto Rican, and European lockbox networks, and the bank's Deposit Information Services, which handles receivables processing in Asia and Australia, The service, to be marketed under the name of Global Receivables Management Services, "provides multicurrency receivable consolidation and reporting services to help customers streamline and manage liquidity on a global level," said Terri Turner Cahill, a product line manager with Chase. Chase integrated several services with a new system called Insight. It gives corporate treasurers simple access to the relevant information. The bank also announced that its Chase Gold check disbursement service can now issue checks for the Canadian currency. Chase Gold lets multinational corporations issue paper checks electronically from one central location.