Tag: JPMorgan Chase

The year of the fintech merger

While bank M&A has been largely dominated by the fallout from one deal this year — the merger of BB&T and SunTrust Banks — the fintech space remains red hot. Three significant deals in the payments and financial service provider area have already been struck so far this year, while bank and venture capital interest…
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June 10, 2019 0

Amazon’s next challenge: Teens without cards, checking accounts

Amazon.com has millennial shoppers nailed down. And their parents. And most of their grandparents. But one group of potential customers has eluded the world’s biggest internet retailer. Teenagers, otherwise known as Generation Z, with their lack of debit and credit cards, their absence of bank accounts and their overwhelming preference for actually putting on clothes…
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March 29, 2018 0

Amazon’s checking account push shows next target: Swipe fees

Jeff Bezos changed the way America shops. Now, he wants to change how it pays for things. With a foray into financial services, Amazon.com could disrupt the decades-old card payments system, a move that some say could save the retailer $250 million a year in swipe fees. That could be bad news for the likes…
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March 10, 2018 0

Are banks doing enough to protect Zelle users from fraud?

In Zelle’s national advertising campaign, the bank-run P-to-P network spotlights consumers paying a personal trainer, a babysitter and a neighbor. It sets an expectation that Zelle can be used like a credit card, and scammers have figured out how to exploit this trust. Experts suggest that Early Warning, which operates Zelle, needs to sharpen its…
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February 22, 2018 0

Zelle’s anti-fraud efforts trip up key group: Its users

The person-to-person payments service Zelle differentiates itself from rivals by promising users that transactions sent over its network will clear in near-real time. Yet in recent months, the service has faced a number of complaints from consumers who say they are having problems sending or receiving money or setting up accounts in the first place.…
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January 17, 2018 0

Chase urges card users to pay with its mobile wallet—or someone else’s

JPMorgan Chase & Co. will soon kick off a cash-back incentive for credit card customers who pay with a mobile wallet, and it doesn’t matter if the transaction is handled by its proprietary Chase Pay platform or Apple Pay, Android Pay or Samsung Pay. Chase for the first time has added mobile wallets as one…
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December 19, 2017 0

Starbucks pushes Visa co-brand, mobile pay to fuel growth

Starbucks executives did not deliver growth numbers on its Mobile Order & Pay smartphone app during a Nov. 2 fourth-quarter earnings call, but did give it high enough marks to be confident the service will soon be available to all of its customers. In addition, Starbucks president and CEO Kevin Johnson said the company will…
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November 3, 2017 0