Bank Innovation

JULY 19, 2018

Posting $10 billion in revenue for Q2’18, up 9% from the same quarter last year, American Express‘s post-market earnings call reveals a battle for a strategic partnership, which Amex won against JPMorgan Chase.

Management 218

Management Marketing Operations Capital 218

American Banker

NOVEMBER 20, 2023

JPMorgan declined to comment on the suit. A medical services company is suing the nation's largest bank, alleging that it refused transactions, closed accounts and erroneously told customers that the company was subject to sanctions by the U.S. Treasury Department.

Florida 88

Florida National Company Lending 88

American Banker

FEBRUARY 26, 2024

His departure set off more leadership tweaks at JPMorgan Chase. The hiring of Viswas Raghavan as Citi's head of banking is the latest move by the global bank to attract talent from rivals.

Leadership 74

Leadership 74

American Banker

APRIL 4, 2024

The credit and debit card-issuing giant's Chase Media Solutions will help fund new loyalty programs to offset downward pressure on card-swipe fees and the potential erosion of card spending volume from the rise of faster payments and open banking, experts say.

Cards 54

Cards Payments 54

CB Insights

NOVEMBER 6, 2018

JPMorgan’s Chase Merchant Services is the bank’s payment processing business. See how JPMorgan Is building The Next Generation Of Consumer Banking. Get the entire 33-page report to learn JPMorgan Chase’s “digital everything” strategy and where it’s headed next.

Payments 59

Payments Strategy Mobile Online 59

American Banker

JANUARY 31, 2020

JPMorgan Chase's Mike Weinbach, chief executive of the home lending business, is departing JPMorgan Chase after 16 years.

Lending 48

Lending 48

Payments Source

OCTOBER 19, 2016

JPMorgan Chase & Co. is continuing its push to snag wealthier credit-card users and gain market share by introducing a top-tier small-business card with richer rewards than products from rivals.

Cards 60

Cards Marketing Analytics 60

PYMNTS

DECEMBER 3, 2020

The year-end acceleration of mergers and acquisitions (M&A) worldwide will keep bankers busy until the close of 2020, with deals emerging in most regions and industries, Bloomberg reported. . “It It clearly won’t be a long Christmas break for M&A bankers,” Dirk Albersmeier , co-head of M&A, J.P.

Regional 147

Regional Trends Data Fintech 147

Bussman Advisory

MAY 22, 2021

The latest edition of the FinTech Ecosystem Newsletter is here : The post China bans banks from cryptocurrency business | JPMorgan plans to issue credit cards to people with no credit scores | The truth behind five ESG myths appeared first on Bussmann Advisory AG.

cryptocurrency 52

cryptocurrency Cards Fintech Industry 52

PYMNTS

FEBRUARY 23, 2020

JPMorgan Chase is taking steps to open a digital bank in the U.K. The entrance of JPMorgan Chase is a boon for London, which is preparing to see an exodus of financial institutions moving out due to Brexit — the U.K. JPMorgan Chase tapped an ex-regulator , Clive Adamson, to head up the efforts to launch the digital bank.

Digital Banking 255

Digital Banking Lending Regulation Operations 255

Bank Innovation

OCTOBER 18, 2017

In its first major fintech acquisition, JPMorgan Chase will acquire WePay, bringing its software to the small businesses the bank serves. JPMorgan Chase will be using its software for its small business clients, which currently number at about four million. Founded in 2008, the Redwood City, Calif.-based

Software 236

Software Fintech Technology Payments 236

The Paypers

JUNE 22, 2020

China has approved JPMorgan ’s application to operate the first fully foreign-owned futures business, according to Reuters.

Operations 28

Operations 28

American Banker

APRIL 20, 2020

Bank of America and U.S. Bancorp were also named in a lawsuit filed in Sunday in which the banks are accused of prioritizing large loans distributed through the Paycheck Protection Program in order to maximize fees.

America 92

America Lending 92

PYMNTS

MARCH 19, 2020

JPMorgan Chase is temporarily closing 1,000 branches — about 20 percent of its locations — in the wake of the coronavirus, according to a report in The Financial Times citing an internal memo. A Citigroup spokesperson said it, too, is open for business as usual. .

New York 242

New York America Operations Community 242

PYMNTS

FEBRUARY 20, 2020

As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage. JPMorgan Sets FinTech Data Deadline. If FinTech firms don’t agree, JPMorgan will bar them from accessing the information, reports said, as well as screen-scraping tools.

Lending 217

Lending Taxes Fintech Data 217

American Banker

NOVEMBER 14, 2023

Bank failures last spring forced many startup businesses to shift where they store their cash. JPMorgan Chase appears to be the top beneficiary, but other banks say they are just as eager to reel in deposits and do more business with the innovation economy.

Marketing 81

Marketing Innovation Strategy 81

PYMNTS

APRIL 13, 2020

and international) consumer and the businesses that serve them will be center stage as earnings season gets underway, starting, as always, with a slew of big banks. March, of course, marks the month during which untold millions of businesses were shuttered, and, in the past few weeks, as many as 16 million Americans filed for unemployment.

America 312

America Cards Mobile Report 312

Bank Innovation

JULY 20, 2018

business leaders (owners, managers, and executives) prefer using digital banking, and yet less than half of them have plans of increasing their use of online banking products and services, that’s according to a JPMorgan Chase survey. A majority of U.S.

Survey 218

Survey Digital Banking Online Management 218

PYMNTS

APRIL 8, 2020

Those looking for a loan outside of the government’s Paycheck Protection Program (PPP) won’t find it from JPMorgan Chase , which has decided to focus solely on that program due to a huge amount of requests over the past few days, according to the Financial Times. The bank, which is the largest in the U.S.,

Operations 261

Operations America 261

Bank Innovation

SEPTEMBER 2, 2016

JPMorgan Chase pokes fun at three-day payments in a new spot for its express funding service for business. The service allows card payments using Visa, MasterCard and Discover to be credited to an account the next business day, instead of the old wait of three days.

Video 199

Video Payments Cards 199

PYMNTS

JANUARY 18, 2019

JPMorgan Chase is planning the consolidation its corporate payment operations by combining small business (SMB) and large enterprise solutions, the Financial Times ( FT ) reported on Thursday (Jan. JPMorgan’s Treasury Services Managing Director Takis Georgakopoulos will lead the Wholesale Payments unit, reports said.

Operations 151

Operations Payments Community Bank Cards 151

PYMNTS

MAY 19, 2020

Jamie Dimon, CEO of JPMorgan Chase , said in a memo that the coronavirus pandemic has revealed weaknesses that require a bipartisan approach to correction. JPMorgan Chase is in a good position, he said, and has awarded over $30 billion in loans to over 250,000 businesses as part of the Paycheck Protection Program (PPP).

National 224

National Resources America US 224

American Banker

APRIL 30, 2020

Submissions total about $17.8 billion in requested funding for the second round of the Paycheck Protection Program, with an average loan size of $81,000.

America 68

America Lending 68

PYMNTS

APRIL 6, 2020

Jamie Dimon, chief executive officer of JPMorgan Chase , sent out his annual letter to shareholders on Monday (April 6), outlining strategies amid the worldwide coronavirus pandemic. . “We JPMorgan, the country’s largest bank by assets, is in a solid position to grapple with the financial fallout caused by the pandemic, he said.

Strategy 159

Strategy Resources America Cards 159

Bank Innovation

JANUARY 12, 2018

EXCLUSIVE—JPMorgan Chase will continue to expand its digital payment offerings in 2018, looking to acquisitions such as WePay to keep up its growth, bank CEO Jamie Dimon said during the bank’s earnings call today. The bank acquired both services last year, and will use them to expand both its consumer and business payments systems.

Millennials 255

Millennials System Payments Mobile 255

PYMNTS

MAY 1, 2020

JPMorgan Chase and Bank of America said they processed almost 500,000 applications totaling roughly $46 billion as part of the Paycheck Protection Program intended to help small businesses struggling to due to the pandemic, according to a report in Fox Business on Thursday (April 30). The loans were part of the $2.3

Los Angeles 199

Los Angeles America Community Bank Community 199

PYMNTS

SEPTEMBER 10, 2019

Customers of the WePay platform can now get faster deposits to their JPMorgan Chase bank accounts, CNBC reported on Tuesday (Sept. With other payment processors, when a small business is looking to get paid, it can take 24, 48, sometimes 72 hours over the weekend for that payment to hit,” Bill Clerico, CEO of WePay , told CNBC.

Millennials 194

Millennials cryptocurrency Cards Payments 194

PYMNTS

JANUARY 2, 2020

In today’s top payments news, JPMorgan blocks FinTechs from accessing customers’ passwords, and Ant Financial and Razer throw their hats into the ring for one of Singapore’s five available digital banking licenses. JPMorgan Ups Security By Blocking FinTechs From Passwords. JPMorgan Ups Security By Blocking FinTechs From Passwords.

Fintech 133

Fintech Payments Digital Banking America 133

Bank Innovation

SEPTEMBER 25, 2017

EXCLUSIVE — Automating the simple process of consumer payments took years, and automating the complexities of business-to-business payments (including getting rid of the paper check) could take decades. The fact is that […].

Innovation 220

Innovation Payments Online 220

PYMNTS

APRIL 26, 2020

are taking a cautious approach when it comes to extending loans to businesses in Europe, according to the Financial Times. The coronavirus pandemic has caused big banks like JPMorgan , Goldman Sachs and Bank of America (BoA) to reduce the size of loans or cancel funding talks. “We Banks in the U.S.

US 143

US Regional America Lending 143

PYMNTS

JANUARY 21, 2020

JPMorgan Chase is introducing a new initiative in Japan, where it is actively vying for business from mid-sized companies, according to a report in the Financial Post. JPMorgan has hired Shotaro Akita to head up the CCBSI unit along with the commercial bank in the country. Japan is the latest market in Asia that is seeing U.S.

Company 131

Company Risk Management Meeting National 131

PYMNTS

JANUARY 30, 2020

Pleo , a business banking company, has announced that it is pivoting its business model in partnership with JPMorgan and Mastercard , and will now offer company credit cards instead of prepaid spending cards, according to AltFi. We remain committed to providing the best product in the market for business spending.

Cards 132

Cards Management US Marketing 132

Chris Skinner

JUNE 14, 2018

It’s interesting to hear bank CEOs talking about the threat of technology to their business, and the fact that more and more CEOs are talking about it. Jamie Dimon and Francisco Gonzalez of JPMorgan and BBVA were the first to start the call to action five years ago.

Technology 231

Technology Digital Banking Fintech 231

PYMNTS

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. A JPMorgan Chase representative will be joining FreshBooks’ board of directors as part of the investment.

Software 129

Software Google US Payments 129

BankInovation

JANUARY 12, 2024

JPMorgan Chase increased technology spend during the fourth quarter of 2023 as all lines of business across the bank invested in new products, features, customer platforms and overall modernization. billion, according to JPMorgan’s Q4 2023 earnings supplement. Total noninterest expense increased 29% year over year to $24.5

Technology 61

Technology Retail 61

PYMNTS

APRIL 14, 2020

In an interview with Karen Webster, Sairam Rangachari, global head of Digital Channels and Open Banking, Wholesale Payments at JPMorgan , said treasurers seeking to gain visibility into cash management can find application programming interfaces (APIs) to be a useful (and even critical) tool. Age And Complexity. Looking Ahead.

System 230

System Tools Data Course 230

American Banker

NOVEMBER 24, 2020

The Office of the Comptroller of the Currency says JPMorgan Chase’s fiduciary unit lacked sufficient controls to manage risk and avoid conflicts of interest.

Management 65

Management 65