"JPMorgan Chase President and Chief Operating Officer Daniel Pinto said he expects its Chase UK consumer bank to break even in the next 12 to 18 months."
One Inc. and J.P. Morgan Payments announced they are working together – enabling insurance carriers to leverage J.P. Morgan’s comprehensive liquidity and payments capabilities as part of One Inc’s digital claim payouts platform, further digitizing and deepening the claims experience.
"JPMorgan has gone live with programmable payments via JPM Coin. Siemens, FedEx and Cargill are early adopters of the new feature."
"JPMorgan Chase & Co. is working with US regulators and walking them through its first set of generative AI pilot projects to ensure all controls are in place, as the bank attempts to bound ahead of rivals in deploying artificial intelligence in the highly-regulated industry."
"BillingPlatform announced a strategic partnership with J.P. Morgan Payments to support the billing needs across its business units."
"JPMorgan, the largest investment bank in the U.S., continues to push for the increased utilization of blockchain technology to facilitate payments as its digital token, JPM Coin, now handles $1 billion worth of transactions daily."
"J.P. Morgan Payments’ Pay-by-bank solution, which provides billers with the ability to allow their customers to pay bills directly from their bank account, is now live. Leveraging Mastercard’s open banking technology to enhance J.P. Morgan Payments’ ACH capabilities, Pay-by-bank offers payment choice and provides a simple, secure and frictionless experience for billers to offer to their customers."
Trulioo, a leading global identity verification platform, announced that J.P. Morgan Payments has selected the Trulioo global identity platform to help J.P. Morgan Payments clients combat fraud and other financial crimes.
"Trovata, the global leader in bank APIs and enterprise cash management, announced it has launched two new solutions with J.P. Morgan Payments: J.P. Morgan Treasury Workstation and J.P. Morgan Multibank Reporting, both powered by Trovata."
"Modern Treasury, the operating system for the new era of payments, has joined J.P. Morgan’s Payments Partner Network...Enterprises can leverage Modern Treasury’s software to integrate directly with J.P. Morgan’s treasury solutions, and embed payments that boost revenue, modernize existing payment infrastructure, and manage fund flows, securely and at scale."
"The U.S. Treasury Department has designated JPMorgan to provide account validation services for federal government agencies, the investment bank said on Wednesday. JPMorgan will verify critical information for the federal government before payments are issued."
"JPMorgan Chase & Co.’s UK digital lender is blocking customers from making crypto payments, citing an increase in frauds and scams. Chase UK clients will no longer be able to make crypto transactions via debit card or by outgoing bank transfer from Oct. 16, according to an email sent to customers."
"JPMorgan Chase is stepping up its appeal to small business customers by planning to offer digital payroll processing, CNBC has learned. The bank has picked San Francisco-based fintech player Gusto to provide the underlying technology for the feature, according to Gusto CEO Josh Reeves ."
"Financial giant JPMorgan is making another move into the crypto space with a new blockchain-based solution for cross-border transactions, reveals a report by Bloomberg. The system, however, won't be available until the bank receives the green light from regulators in the United States."
"Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced a partnership with J.P. Morgan Payments to strengthen the bank’s acquiring offering."
"J.P. Morgan Payments today announces the launch of Tap to Pay on iPhone for its merchant clients in the U.S. The solution allows merchants to accept contactless payments using their iPhones, without the need for a dedicated payments card reader or additional hardware."
"Closinglock, a leading provider of wire fraud prevention and fintech solutions for the real estate industry, is working with J.P. Morgan to provide a new, innovative digital payments offering to the real estate industry it serves."
JPMorgan will expand its online bank Chase to Germany and other European Union countries, CEO Jamie Dimon told German newspaper Handelsblatt, a move that increases competition for European rivals in a crowded market.
"The United States-based investment bank JPMorgan is expanding the implementation of one of its major blockchain projects, JPM Coin, into traditional banking. JPMorgan has deployed its blockchain-based payment system, JPM Coin, to introduce euro-denominated payments for corporate clients, Bloomberg reported on June 23."
"Today, Chase launched Chase Freedom Rise℠, the latest addition to the Freedom portfolio of cards that provides a pathway to credit for those beginning their financial independence."
"The aim of the project is to settle dollar trades in real time around the clock as opposed to over a matter of days and only during the working week"
"Global financial services company JPMorgan continues exploring the benefits of blockchain, deploying the technology to eliminate some restraints of traditional finance. The banking giant has partnered with six major Indian banks to introduce a blockchain-based platform enabling interbank settlement of U.S. dollar transactions, Bloomberg reported on June 5."
"Salesforce (NYSE: CRM), the global leader in CRM, announced today that J.P. Morgan has unveiled its new Payments Partner Network – a marketplace powered by Commerce Cloud."
"The stress on the financial sector caused by two bank failures in the United States last month is still a threat and should be addressed by a reimagining of the regulatory process, according to JPMorgan Chase CEO Jamie
Dimon. “As I write this letter, the current crisis is not yet over, and even when it is behind us, there will be repercussions from it for years to come,” the longtime CEO said in his annual letter to shareholders Tuesday."
"JPMorgan will pilot biometric technology that lets shoppers pay by scanning their palm or face with select retailers in the US, according to a company statement. The first pilots will work with brick-and-mortar stores in the US and potentially the Miami Formula 1 Grand Prix. If the pilot is successful, the tech will roll out to more US merchant clients in 2024. JPMorgan also launched Commerce Solutions, a suite of payments infrastructure and applications, including cloud-based payments tech, aimed at helping merchants accept consumer and B2B payments."
"Chase, the largest co-brand card issuer in the U.S., and DoorDash, the local commerce platform, today announced the launch of the DoorDash Rewards Mastercard®, the first-ever DoorDash credit card, with Mastercard as the exclusive payments network. The DoorDash Rewards Mastercard unlocks value and rewards for cardmembers with unlimited cash back on everyday purchases from all your neighborhood businesses both on and off the DoorDash platform."
"Commonwealth and JPMorgan Chase announced the next phase of their collaboration to address the challenges and opportunities that emerging technologies present for advancing the financial lives of US workers earning low and moderate incomes, who are disproportionately Black, Latinx, and women-led households. This project will advance the strategic vision for, and shape the ongoing public conversation about, the impact of emerging technologies in the financial services industry."
Several banks are reportedly working on a digital wallet that links with debit and credit cards to compete with Apple Pay and PayPal. According to the Wall Street Journal, the digital wallet would be operated by Early Warning Services, a joint venture from several banks that also runs Zelle. The major banks involved include Wells Fargo, JPMorgan Chase and Bank of America, according to the report.
Real-time Payments (RTPs) are payments that settle and clear quickly with the use of an underlying platform or network called a ‘payment rail.’ RTPs are made between bank accounts. RTP solutions are built on the connection between payee and payer and can be used by merchants of any size, consumers, and financial institutions to carry out payments to settle bills or transfer money with peers or customers. Here are 5 companies at the forefront of Real-time Payments in the US...
“JP Morgan has signed a deal to buy a 48.5% stake in Athens-based payments fintech Viva Wallet for more than $800 million, a person with knowledge of the matter told Reuters on Saturday.”