Press release: JPMorgan to open remote check image capture site for international clients

SIBOS - Atlanta, October 13, 2004 - JPMorgan Treasury Services, www.jpmorgan.com/ts, a unit of JPMorgan Chase and a leader in global payments, trade finance and treasury management, announced it is planning to open a remote check image capture site in Europe. The site will allow clients in EMEA (Europe, Middle East and Africa) and Asia to take advantage of benefits from the Check Clearing for the 21st Century Act (Check 21). Check 21 will facilitate the use of electronic images of checks by allowing the creation of Substitute Checks from images of the originals -- and requiring banks to accept, through the clearing and return processing, these Substitute Checks as the legal equivalent of an original check.