Chase partners with Gusto

JPMorgan Chase & Co. has chosen payroll provider Gusto to power its online payroll service, which is set to launch by the end of 2024.

The bank will leverage Gusto Embedded, a solution that was launched in 2021 that allows developers to embed and customize payroll directly into their software.

The new payroll solution will allow customers of Chase Payment Solutions to access payroll services from the same platform where they conduct their banking. Chase currently serves over five million small business clients.

In June, Next Insurance said that it secured an exclusive deal with Gusto to offer pay-as-you-go workers’ compensation to the small business customers of Gusto Embedded partners.

“We have been exploring ways to introduce best-in-class payroll services to our SMB customers. Building payroll at national scale requires deep knowledge and understanding. With Gusto Embedded, we are able to decrease the time to offer a leading payroll service while increasing the value we’re able to deliver to our customers.” – Jessica Young, Chase Payment Solutions.