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.
JPMC Makes ‘Strategic Investment’ In FreshBooks
August 7, 2019
After establishing itself as an accounting software platform for small businesses and self-employed professionals with paying customers in 160 countries, FreshBooks has announced that JPMorgan Chase & Co. has made ... Read moreVisa: Business Payments Network Paves ‘Highway’ For B2B Payments
August 5, 2019
Paper dominates B2B processes, and manual labor, too. The road to getting suppliers paid is not a straight one. Visa’s Taira Hall, vice president of U.S. Partnerships and New Initiatives, ... Read moreJPMC Q2 Earnings Expected To Reflect Expanding Digital Innovations
July 15, 2019
Of all the banking institutions releasing Q2 earnings this week, watch for JPMorgan, whose strong performance can be credited to a growing millennial customer base and continued digital innovation.
Continued development ... Read moreA New Divide In Business Banking?
July 2, 2019
The 2008 global financial crisis forced traditional banks to pull back from small businesses (SMBs) considered too risky and unprofitable to finance, leaving a gap in the market for alternative ... Read moreJPMorgan CEO Jamie Dimon Calls US Student Lending A ‘Disgrace’
June 26, 2019
Months after he called out “irrational” student lending that has been impacting the economy through his annual letter, JPMorgan Chase CEO Jamie Dimon noted that U.S. student lending is “hurting ... Read moreChewy 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 more
Google Pay Removes Support For Visa Checkout
August 9, 2019
Visa is moving toward discontinuing its Visa Checkout service sometime next year, according to reports. It appears the company’s service, which was introduced in 2013 and competed with services like ... Read moreHow ACH Business Payments Pave The Way For US Open Banking
June 24, 2019
In B2B payments, corporates’ continued use of paper checks confounds FinTech firms working to give businesses more affordable, faster and more efficient payment options. Yet, for many business payers, the ... Read moreIs 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 more
Chase Forgives Consumer Debt On Canadian Credit Cards
August 8, 2019
Chase Bank credit card customers in Canada were treated to an unusual gift when the lender forgave their outstanding debt, Fortune reported on Thursday (Aug. 8).
Holders of the Amazon.ca Rewards ... Read moreAverage US Credit Card Rates Top 27 Pct. In May
August 6, 2019
It costs more than ever to pay with a credit card in the U.S., with many consumers paying 17 percent, the highest rate in the 25 years the Federal Reserve ... Read moreConsumer Spending Bolsters Big Bank Earnings
July 21, 2019
Trade wars? Check.
Geopolitical fears? Check.
And yet the consumer continues to spend, and just as importantly, to bank.
Wall Street may have been focused on trading revenues and warnings over interest rate ... Read moreJPMorgan Results Show Active Mobile Customers Up 12 Pct YoY
July 16, 2019
JPMorgan posted second-quarter earnings on Tuesday (July 16) that showed strength in consumer-facing operations and double-digit gains in mobile customers, reflecting continued traction across digital banking efforts.
Revenues were up 4 ... Read moreChase Sapphire Card Creates Turbulence For United Airlines
June 28, 2019
As JPMorgan has enjoyed success with its Sapphire Reserve card that launched three years ago, the banking giant is also dealing with a strained relationship with one of its airline ... Read moreCiti 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 more
Amazon Threatens Surescripts Over Blocking PillPack Patient Data Access
July 19, 2019
Amazon’s pharmacy arm PillPack could soon be blocked from accessing patients’ histories, pitting the online giant against Surescripts, an electronic prescribing company that manages about 80 percent of all U.S. ... Read moreChewy 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 more