New Alliance Delivers Trade Management Offerings

Moving goods across and between international borders can be a tricky business, what with country-specific trade regulations, taxes and fees among the many complexities involved. Vastera Inc., a provider of global trade management solutions, has teamed up with JPMorgan Treasury Services to help make those moves a little easier. JPMorgan Treasury Services, a unit of J.P. Morgan Chase & Co., New York, offers global payment, trade finance and treasury management services. The alliance will provide clients with a comprehensive solution to address moving goods across borders through the management of information to support compliance, logistics, finance and settlement. "We are excited to announce this new alliance with Vastera, which spans the spectrum from software to fully outsourced services," says Paul Simpson, global trade, procurement and card services business executive for JPMorgan Treasury Services. In other Vastera news, the Dulles, Va.-based software firm says it will acquire General Electric Co.'s internal U.S. Customs operation, which performs customs-related services for several GE business units.