pymnts Profile:
JP Morgan Chase (NYSE: JPM)
JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management.
Chewy Sells 46.5M Shares In IPO
June 14, 2019
Through an expanded initial public offering (IPO), Chewy Inc. and its investors took in $1.02 billion. The eCommerce pet food and accessories supplier sold 46.5 million shares at a price ... Read moreGoldman Exec Says Marcus Isn’t Like JPMC’s Finn
June 11, 2019
Goldman Sachs doesn’t believe its digital brand, Marcus, will suffer the same fate as JPMorgan Chase‘s Finn.
Barely more than a year after JPMorgan launched an effort to bring younger clients ... Read moreData Dive, Farewells Edition: Apple, Chase, SoFi, Uber
June 10, 2019
There were plenty of introductions last week. Stripe rolled out chargeback protection, Apple rolled out its take on sign-in authentication, Mastercard launched an open banking platform and Visa and Western Union paired on a global push ... Read moreSeveral Banks Eye Blockchain For Trade Settlement
June 5, 2019
A group of 14 banks, led by UBS, is eyeing blockchain for trade settlement use across borders in a process that uses tokens. Elsewhere, blockchain is gaining traction in efforts ... Read moreFI’s $52 Trillion Threat
April 15, 2019
Shadow banking now has $52 trillion in assets under its belt. FinTech firms are crowding financial services’ flanks, looking for customers who crave mobile means of managing their financial lives. ... Read moreWells Fargo Sees Shares Fall As Other Banks Enjoy Surge
April 12, 2019
Some of the country’s biggest banks saw their share prices surge after their Quarter 1 earnings beat analysts’ expectations.
Shares of JPMorgan Chase rose 4.1 percent after it reported a 5 ... Read moreAn Inside Look At Chase’s Mobile Banking Approach
April 11, 2019
After the June 2007 announcement of Apple’s first-ever iPhone and the ensuing buzz around iOS apps, financial institutions (FIs) began developing offerings to ease digital banking.
Though narrow in feature and ... Read moreOn The Hill, Banking’s Biggest Get Grilled
April 11, 2019
The biggest names in banking came to the Hill, repping seven of the largest financial firms in the United States. Ten years after the financial crisis, the rebound has been palpable, ... Read moreChase On Gen Z, Mobile Banking — 10 Years In
April 10, 2019
With more consumers than ever interested in fulfilling all their financial needs on mobile, both legacy banks and FinTech firms are focusing on creating digital-only banking services, designed to catch ... Read moreJamie Dimon: Big Tech Should Prep For Big Reg
March 21, 2019
JPMorgan Chase CEO Jamie Dimon said tech giants need to brace themselves for a similar slew of tough regulations to what big banks faced after the financial crisis.
“They haven’t had ... Read more
Is The US On The Verge Of A Contactless Surge?
June 6, 2019
Near-field communication (NFC) technology isn’t exactly new. For some time now, retailers have been using it and radio frequency identification (RIFD) behind the scenes for stock and quality control, as ... Read moreEarly Warning Names Former Intuit Exec As CEO
May 30, 2019
Early Warning Services, the bank-owned operator of peer-to-peer payments app Zelle, announced Thursday (May 30) it has named Albert “Al” Ko as its chief executive.
In a press release, the company ... Read moreJPMorgan Buys InstaMed For $500M
May 17, 2019
In a bid to expand its healthcare payments presence, JPMorgan said Friday (May 17) that it has entered a deal to acquire InstaMed, a payments technology company focused on the ... Read moreMobile Means Much To CU Customers (Especially Younger Ones)
April 25, 2019
The old guard gives way to the new. The in-branch banking visits give way to mobile transactions, where people may never meet face-to-face. The fact remains that in banking – ... Read moreBlockchain Steers Toward Auto Supply Chain Transparency
April 24, 2019
To that end, Volkswagen, the German car manufacturer, said this week it is launching a blockchain pilot aimed at tracking battery supply chains that wend their way from production to ... Read moreHow Startups Compete With Legacy Firms In Digital Banking
April 11, 2019
Legacy banks and FinTech firms are looking to create digital-only banking services to capture consumer interest in using smartphones for their banking needs. In information technology news, the U.S. — and the ... Read moreFinancial Services: Blockchain-Based And Decentralized
March 20, 2019
The idea that blockchain can be divorced from the crypto realm and used to trade and store assets is quickly gaining, well, currency.
And in one example, Nash — a financial ... Read morePayPal Launches Instant Transfer To Bank
March 12, 2019
Money moves only as fast as payments infrastructure will allow.
To that end, there’s a bottleneck. The gig economy is gaining steam, as roughly a third (more than 35 percent) of ... Read moreChase Going After PayPal, Stripe In eCommerce Payments
February 4, 2019
JPMorgan Chase is gearing up to take on the likes of Apple Pay, PayPal, and Stripe by boosting its market share in the global treasury services industry by a goal ... Read moreIs India’s ATM Disappearing Act A Digital Payments Boon?
November 22, 2018
Half of India’s ATMs may be shuttered in the next few months amid high compliance costs. Will that open the door even wider for digital payments? The jockeying among heavyweights, ... Read more
Citi Said ‘Thanks, But No Thanks’ To The Apple Card
May 28, 2019
Citigroup was reportedly in advanced talks with Apple to partner on its new credit card but decided not to move forward, according to CNBC.
Citing people with knowledge of the talks, CNBC reported ... Read moreFTC To Scrutinize SMB Confessions Of Judgement?
May 13, 2019
Small business lending could get a bit more scrutiny from regulators.
To that end, the U.S. Federal Trade Commission (FTC) is reportedly examining small business lending practices, with an eye on ... Read moreCredit Card Losses Top Home, Auto Loans At US Banks
May 1, 2019
Credit card losses at the biggest banks are outpacing auto and home loans, with the biggest margin seen in the last 10 years, according to Bloomberg. The problem is not yet ... Read moreAmex Delinquency Rates Flat In March
April 15, 2019
American Express, the payments company, reported Monday (April 15) that credit card delinquency rates in March were flat with February, which should be welcome news as investors look for more ... Read moreJPMorgan’s Mobile User Base Grows 11 Pct.
April 12, 2019
Fresh off headlines tied to JPMorgan CEO Jamie Dimon’s appearance on Capitol Hill and a shareholder letter that pointed toward resilient economic fundamentals in the United States and the promise ... Read moreCredit Cards, Auto Loans Drive Better Than Expected Earnings For Wells
April 12, 2019
Wells Fargo came through with a better than expected earnings report on Friday morning (April 12) before the market opened. Revenue came in at $21.609 billion, ahead of the $21.012 ... Read moreData Dive, Big Launches Edition: Google, Sephora And PayPal
March 18, 2019
Mid-March is more famous for spectacular endings than big beginnings – likely because one of the more high-profile political assassinations (and BFF break-ups) in history is forever associated with the ... Read moreMixed Performance For Bank Credit Card Delinquencies In February
March 15, 2019
Credit card delinquency rate reports are trickling in on a bank-by-bank basis and a spate of recent disclosures show mixed results.
As noted in filings with the Securities and Exchange Commission ... Read moreUK Mortgages, Credit Demand To Decline Pre-Brexit
January 17, 2019
British lenders say that leading up to Brexit, they expect the largest drop in demand for credit cards and mortgages than they’ve seen in many years, according to a survey ... Read moreChase Active Mobile Users Hit 33.3M
January 15, 2019
In what is becoming what seems to be a familiar theme as banks report earnings, trading revenues plummeted at the end of last year, but other drivers remained intact.
As noted ... Read more
Chewy Sells 46.5M Shares In IPO
June 14, 2019Through an expanded initial public offering (IPO), Chewy Inc. and its investors took in $1.02 billion. The eCommerce pet food and accessories supplier sold 46.5 million shares at a price ... Read moreIs The US On The Verge Of A Contactless Surge?
June 6, 2019Near-field communication (NFC) technology isn’t exactly new. For some time now, retailers have been using it and radio frequency identification (RIFD) behind the scenes for stock and quality control, as ... Read moreClosing In On Contactless Payments’ Tipping Point
May 28, 2019
Contactless payments have yet to achieve critical mass in the U.S., at only about 3 percent of transactions, according to NMI. Nick Starai, chief strategy officer at the firm, tells ... Read moreBudweiser APAC Eyes $70B Valuation In IPO
May 10, 2019
In a move that brings it closer to an initial public offering (IPO), Anheuser-Busch InBev Group’s Asian business filed an application for a Hong Kong stock exchange listing.
The Budweiser Brewing ... Read moreTwinkie The Kid Hitches Sales Saddle To Walmart
May 9, 2019
Helping Hostess earn a spot on JPMorgan’s Analysts Focus List, the industrial baker — and maker of Twinkies — is reportedly experiencing a rebound of sales at Walmart. JPMorgan increased ... Read moreThe Whole Paycheck Tracker: One-Day Shipping, Online Pharmacy And AI-Enabled Stores
April 26, 2019
In the race for the consumer’s whole paycheck, Amazon was the busier runner this week with a host of announcements on quarterly earnings, upgraded shipping options and its ongoing push ... Read moreAmazon Online Pharmacy PillPack Nears Debut
April 25, 2019
PillPack, the online pharmacy acquired by Amazon in 2018 for $1 billion, is almost ready to make its debut on the marketplace, according to reports.
The eCommerce giant recently added a ... Read moreBeyond Meat Looking To Raise $183.8M From IPO
April 23, 2019
Plant-based meat maker Beyond Meat is looking to raise up to $183.8 million from an initial public offering (IPO).
According to Reuters, the company’s latest filing with the U.S. Securities and Exchange ... Read moreMastercard Commercial Cardholders Get More Eyes On Amazon Data
April 15, 2019
Mastercard has announced it is upgrading commercial cardholders’ back-office insights by providing companies with more data for Amazon Business transactions.
“For many businesses, reconciling B2B transactions can be challenging due to ... Read moreChase Debuts eGifting From Mobile App
April 15, 2019
Chase announced Monday (April 15) that customers are now able to send gift cards via the Chase Mobile app or website.
In a press release, Chase said customers can choose from ... Read more