JPMorgan Chase is introducing free same-day deposits to business clients that use WePay

in late 2017 for $400 million. The feature is already available to some clients and will be fully rolled out by the end of the year.Bill Clerico, CEO and cofounder of WePay and head of small business products at Chase Merchant Services, hinted that Chase will be rolling out more products through WePay soon, noting that same-day deposits are"the first step in bringing the results of that investment to the market.

Same-day deposits could increase Chase's customer acquisition and lifetime value among small- and medium-sized business customers: Payment companies have been encroaching on the banking realm — and this feature can help it better thwart off their threat. Major payments tech company Stripe just moved into lending by

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