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JPMorgan Chase Bank, N.A., doing business as Chase, is an American national bank headquartered in Columbus that constitutes the consumer and commercial banking subsidiary of the American multinational banking and financial services holding company, JPMorgan Chase.
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Before the Civil War, the United States used gold and silver coins ("specie") as its official currency. Paper currency in the form of banknotes was issued by privately owned banks, the notes being redeemable for specie at the bank's office. If a bank failed, its notes became worthless. The federal government sometimes issued Treasury Notes to borrow money during periods of economic distress ...
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The notes themselves are generally referred to as bills (as in "five-dollar bill"). Notes can be referred to by the first or last name of the person on the portrait (George for one dollar, or even more popularly, "Benjamins" for $100 notes). Greenbacks, any amount in any denomination of Federal Reserve Note (from the green ink used on the back).
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Chase Payment Solutions, formerly known as Chase Paymentech and Chase Merchant Services, is an American payment service provider and merchant acquiring business that is part of JPMorgan Chase.