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.
FI’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, 2019Some 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, 2019After 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 ... Read moreOn The Hill, Banking’s Biggest Get Grilled
April 11, 2019The 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, 2019JPMorgan 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 moreChase Launches Low-Cost Accounts To Win Unbanked Consumers
March 18, 2019The percentage of unbanked people in the U.S. recently fell to the lowest rate since the 2007-2009 financial crisis, but a new product launch from JPMorgan Chase & Co. underscores ... Read moreMixed Performance For Bank Credit Card Delinquencies In February
March 15, 2019Credit 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 moreJPMorgan To Combine Middle-Market Tech, Emerging Growth Banking Units
March 11, 2019JPMorgan Chase & Co is melding its middle-market technology and emerging growth commercial banking units to better deal with startups that become large companies at a fast pace.
According to a ... Read moreCanada’s Lightspeed POS Inc Raises $179M In IPO
March 8, 2019In the largest initial public offering (IPO) by a tech firm in Canada in nearly nine years, shares of Lightspeed POS Inc. rocketed in the company’s debut of trading. The ... Read more
How Startups Compete With Legacy Firms In Digital Banking
April 11, 2019Legacy 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, 2019The 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, 2019Money 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, 2019JPMorgan 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, 2018Half 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 moreChase Rolls Out Tap-to-Pay Visa Credit Cards
November 14, 2018Chase said Wednesday (Nov. 14) that it is rolling out tap-to-pay functionality across its Chase Visa card portfolio, an initiative that will begin late this year and extend into 2019.
Chase, ... Read moreZelle, Venmo P2P Payments Race Gains Fresh Fuel In Q3
October 23, 2018The third quarter proved more than kind to peer-to-peer (P2P) payments, at least according to financial results for the two main competitors, Zelle and Venmo, which continue to duke it ... Read moreJPMorgan To Open FinTech Office In Silicon Valley
October 21, 2018JPMorgan Chase is doubling down with its FinTech aspirations, gearing up to start development of a new FinTech corporate campus in the early part of 2019.
CNBC reported that the campus ... Read more75+ Banks Now Part Of JPMC Blockchain Payments Initiative
September 25, 2018The Interbank Information Network, a blockchain initiative, now has more than 75 of the world’s biggest banks as members as they aim to fend off threats from payment startups.
The Financial ... Read moreCan Virtual Cards Void Checks’ Feeble Future?
September 20, 2018In an effort to kill the check — where B2B payments are anything but efficient — might virtual cards be the answer?
In an interview with PYMNTS’ Karen Webster, Scot Yarbrough, senior ... Read more
Amex Delinquency Rates Flat In March
April 15, 2019American 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, 2019Fresh 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, 2019Wells 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, 2019Mid-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, 2019Credit 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, 2019British 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, 2019In 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 moreFizzle Of The Week: The Incredible Shrinking Rewards Offerings
January 4, 2019In the wake of the Great Recessions, Americans en masse got awfully nervous about opening new accounts and using credit cards. Open accounts peaked near 500 million at mid-2008, then plunged to ... Read moreBig Banks Struggle With Generous Rewards Cards
January 2, 2019U.S. banks are facing increased costs associated with their reward credit cards as a result of two years of increasing the rewards points they offered customers.
According to a report in ... Read moreBill.com Adds Virtual Card Payments Via Comdata
December 6, 2018B2B payments solution provider Bill.com is partnering with Comdata to integrate virtual card payment functionality. The companies said in a press release on Wednesday (Dec. 5) that Comdata will provide virtual ... Read more
Mastercard Commercial Cardholders Get More Eyes On Amazon Data
April 15, 2019Mastercard 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, 2019Chase 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 moreAlexa, Stolen Fingerprints And The Rest Of The Week’s News
April 12, 2019It’s the end of a busy week, one full of news about payments and commerce. We here at PYMNTS are as excited about the weekend as you are, but before ... Read moreBoosting The Good Growth And Killing The Weeds
April 12, 2019As flowers are blooming in real gardens for spring, innovative ideas are blooming metaphorical gardens in payments and commerce. Things are getting faster and easier to purchase across channels, there’s ... Read moreHow Startups Compete With Legacy Firms In Digital Banking
April 11, 2019Legacy 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 moreBitcoin (And Other Crypto) Use Cases Fizzle, Bit By Bit?
March 22, 2019Much hype and hope surrounds the adoption of cryptocurrencies — bitcoin among them as the marquee name in the space, of course — beyond the Wild West of speculative trading ... Read moreLevi Strauss IPO 10 Times Oversubscribed
March 21, 2019With an expected Levi Strauss & Co. New York Stock Exchange (NYSE) listing on the horizon, the denim company’s initial public offering (IPO) is said to be oversubscribed by greater ... Read moreData Dive, Big Launches Edition: Google, Sephora And PayPal
March 18, 2019Mid-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 moreThe Whole Paycheck Tracker: Suppliers Feel The Squeeze Edition
March 8, 2019There is something to be said for being a happy warrior, and Walmart U.S. CEO Greg Foran was certainly one this week when he spoke of Walmart’s ongoing battle with Amazon for ... Read moreThe Whole Paycheck Tracker: Walmart vs. Amazon
March 8, 2019There is a possibly apocryphal story of Amazon’s early days (around 2001) where Founder Jeff Bezos was invited to Bentonville, Arkansas to discuss the possibility of Walmart purchasing his still ... Read more
